Search Results for: fraud prevention

FiVerity Secures $2M Round to Accelerate Growth and Expand its Cyber Fraud Detection Platform for Banks, Credit Unions and Credit Card Providers
Finance Fintech News

FiVerity Secures $2 Million Round to Accelerate Growth and Expand its Cyber Fraud Detection Platform for Banks, Credit Unions and Credit Card Providers

Fintech News Desk
by Fintech News Desk0
FiVerity’s Machine Learning-Powered Platform Addresses Fast-Growing Types of Cyber Fraud and Other Rapidly Expanding Financial Crimes  FiVerity, Inc., a leading provider of cyber fraud detection and threat intelligence, announces today that it closed a $2 million round of financing to expand its cyber fraud detection and threat intelligence platform, which addresses......
Capital One Exec Joins Fraud Elimination Leader Vesta as Head of AI and R&D
Artificial Intelligence Fintech Machine Learning News Risk Management

Capital One Exec Joins Fraud Elimination Leader Vesta as Head of AI and R&D

Fintech News Desk
by Fintech News Desk0
Paul Melby will oversee the launch of Vesta’s new AI lab to accelerate development of advanced fraud-eliminating capabilities. Vesta, a global leader in card-not-present (CNP) fraud prevention and approval enhancement solutions, today announced it has tapped industry veteran Paul Melby to serve as Senior Vice President, Artificial Intelligence and R&D. His duties......
Three Ways To Fight Bank Fraud
Artificial Intelligence Banking Fintech Guest Posts Investment Services Risk Management Robotic Process Automation

Three Ways To Fight Bank Fraud

Cheryl Chiodi
by Cheryl Chiodi0
The rise in daily fraud attacks on banks and financial institutions has led to some organizations adding additional resources to their financial crime teams, but if they are still using old tools, is throwing more people at the problem the answer? There is no doubt that Know Your Customer (KYC)......
VTB Applies AI Model to Clamp Down on Payment Card Fraud
Artificial Intelligence Fintech News

VTB Applies AI Model to Clamp Down on Payment Card Fraud

Fintech News Desk
by Fintech News Desk0
VTB is implementing a new model based on AI to prevent fraudulent card transactions: a machine learning algorithm trained on more than 10,000 parameters detects 1.5 times more attempts by attackers to commit fraudulent transactions compared to previous operating systems. The model, developed by VTB’s internal AI specialists, analyses the......
OneConnect and Singapore Exchange Collaborate to Address Esg Reporting Needs
Business InsurTech News Risk Management

Shift Technology and CRIF Collaborate in the Fight Against Insurance Fraud

Fintech News Desk
by Fintech News Desk0
Shift Technology, a provider of AI-driven decision automation and optimization solutions for the global insurance industry, today announced it has collaborated with CRIF Decision Solutions Ltd., leader in information services, fraud prevention and digital solutions. As a result, Sherlock solution will be made available to MIB CUE (Claims and Underwriting......
M&T Bank Enlists Point Predictive’s Powerful Outsourced Fraud Mitigation to Keep Auto Loan Risk at Bay
Banking Fintech News Risk Management

M&T Bank Enlists Point Predictive’s Powerful Outsourced Fraud Mitigation to Keep Auto Loan Risk at Bay

Fintech News Desk
by Fintech News Desk0
Point Predictiv, the San Diego-based company that provides machine learning solutions to the lending industry, today announced that M&T Bank has adopted the company’s Outsourced Fraud Mitigation (OFM) service to maintain the upper hand in the fight against auto loan fraud. Read More:Rellevate and Richard Petty Announce the Richard Petty......
IDenfy-adds-behavioural-fraud-monitoring-from-Manu-to-ID-verification-tool
Artificial Intelligence Business Fintech News Risk Management

IDenfy Adds Behavioural Fraud Monitoring From Manu to ID Verification Tool

Fintech News Desk
by Fintech News Desk0
iDenfy, an AI-powered ID verification company, and Manu, a behavioural analytics organization from Lithuania, have signed a strategic partnership. It allows iDenfy to offer an AI model developed by Manu that evaluates customer characteristics during the application process. This additional feature will help detect potential fraud or save on external......
Tier1 Acquires Compliance and Financial Crime Prevention Software Solution, Alessa
Business Fintech News

Tier1 Acquires Compliance and Financial Crime Prevention Software Solution, Alessa

Fintech News Desk
by Fintech News Desk0
The acquisition expands Tier1’s portfolio of digital transformation solutions to optimize client engagement, increase operational efficiency and reduce regulatory compliance risk, and is in conjunction with President Jiro Okochi’s promotion to CEO of Tier1. Tier1 Financial Solutions, a leading provider of client relationship management (“CRM”) solutions, has acquired Alessa, a compliance and......
Experian’s Future of Fraud Forecast Reveals Threats Facing Businesses in 2021 and Beyond
Business News Risk Management

Experian’s Future of Fraud Forecast Reveals Threats Facing Businesses in 2021 and Beyond

Fintech News Desk
by Fintech News Desk0
The five fraud predictions include emerging digital dangers and automated attacks expected in the new year With the growing threat of fraud fueled by the digital acceleration that took place in 2020, Experian today released its 2021 Future of Fraud Forecast that reveals five emerging fraud threats facing businesses. Read......
NewDay-Scores-with-TigerGraph-Cloud-to-Fight-Financial-Fraud
Business Fintech News

NewDay Scores With TigerGraph Cloud to Fight Financial Fraud

Fintech News Desk
by Fintech News Desk0
TigerGraph, the only scalable graph database for the enterprise, today announced that NewDay, a leading specialist financial services provider and one of the largest issuers of credit cards in the UK, will use TigerGraph’s advanced graph analytics to prevent and preempt financial fraud. NewDay, with TigerGraph, will transform how the company......
1