Search Results for: potential fraud

Deloitte 2024 Financial Services Industry Predictions: AI Expected to Transform Retail Investing, Increase Banking Fraud and Drive New Insurance Market; Climate Change Expected to Further Increase Insurance Costs for Commercial Real Estate
Fintech News

Deloitte 2024 Financial Services Industry Predictions: AI Expected to Transform Retail Investing, Increase Banking Fraud and Drive New Insurance Market; Climate Change Expected to Further Increase Insurance Costs for Commercial Real Estate

PR Newswire
by PR Newswire0
Deloitte’s 2024 Financial Services Industry Predictions reports highlight trends that have the potential to impact innovation and growth as well as risk and resiliency Deloitte released its “2024 Financial Services Industry Predictions,” which outlines some of the most significant emerging trends across the financial services industry over the next three......
Swift-and-Global-Banks-Launch-AI-Pilots-to-Tackle-Cross-Border-Payments-Fraud
Artificial Intelligence Finance Fintech News

Swift and Global Banks Launch AI Pilots to Tackle Cross-Border Payments Fraud

Business Wire
by Business Wire0
The cooperative has convened financial institutions for two pilots that will use AI to enhance fraud detection in cross-border payments Swift is using its unique role to bring the finance industry together to improve anti-fraud capabilities by using leading AI technology AI could help the payments industry save billions in......
Banking Digital Payments Featured Fintech News Security

Security and Fraud Prevention in Digital Payments

Prajakta Ayade
by Prajakta Ayade0
In an era where digital transactions are an everyday aspect, ensuring security and fraud prevention in digital payments has become critical. With the convenience of online shopping, mobile banking, and contactless payments, consumers are increasingly embracing new age digital payment methods. Digital payments reign supreme, offering convenience, speed, and accessibility.......
BioCatch Releases Inaugural Annual Report on AI's Impact on Digital Fraud and Financial Crime
Finance Fintech News

BioCatch Releases Inaugural Annual Report on AI’s Impact on Digital Fraud and Financial Crime

PR Newswire
by PR Newswire0
Survey of 600 Fraud-Fighters in 11 Countries on Four Continents Shows Paradox of Financial Institutions Already Using AI Tools to Defend Themselves as Criminals Launch AI-Super-Charged Attacks Nearly 70% of the 600 fraud-management, anti-money laundering, and risk and compliance officials surveyed in BioCatch’s first-ever AI-focused fraud and financial crime report say criminals are more......
BioCatch Releases 2024 Digital Banking Fraud Trends in EMEA
Banking News

BioCatch Releases 2024 Digital Banking Fraud Trends in EMEA

Fintech News Desk
by Fintech News Desk0
Study reveals rise in social engineering scams and theft of devices as scammers adapt and innovate tactics – incorporating AI to target individuals. In a report released by BioCatch – the global platform in digital fraud detection and financial crime prevention powered by behavioral biometric intelligence – published findings showing......
"Sumsub Released Fraud Prevention Solution "
Fintech News

Research Exposes Every 100th User of Online Services Involved in Fraud Network

PR Newswire
by PR Newswire0
According to Sumsub’s internal research, every 100th user of a digital platform or service globally was a member of a fraud ring in 2023. Research by Sumsub, a leading global verification platform with 1B+ identities database, shows an alarming surge of fraud networks across multiple regions. The company discovered the trend prior to......
Merchants Prioritize Customer Experience Over Effective Fraud Prevention Despite Significant Concern for AI-Enabled Fraud Attacks in Digital Transactions
E-commerce News

Merchants Prioritize Customer Experience Over Effective Fraud Prevention Despite Significant Concern for AI-Enabled Fraud Attacks in Digital Transactions

PR Newswire
by PR Newswire0
New Research from Liminal Forecasts Transaction Fraud Prevention in E-Commerce Market to Grow 11.8% CAGR over the next 4 years, Signaling a Paradigm Shift The rapid growth in e-commerce transactions has brought a concerning uptick of 80% in fraud attempts, driven by advanced AI technologies and first-party fraud attacks, resulting in......
Oscilar Unveils Industry-First Generative AI Powered Platform for Fraud Prevention
News Risk Management

Oscilar Unveils Industry-First Generative AI Powered Platform for Fraud Prevention

PR Newswire
by PR Newswire0
Oscilar, the AI fraud detection company co-founded by Confluent co-founder Neha Narkhede and former Meta engineering executive Sachin Kulkarni, yesterday unveiled an industry-first generative AI risk decisioning offering that enables companies to manage credit, fraud, and compliance risks with greater velocity and precision than ever before. This advancement, which was announced onstage at Money20/20, makes......
Truecaller Acquires TrustCheckr, A Fraud Detection Service
Fintech News

Truecaller Acquires TrustCheckr, A Fraud Detection Service

PR Newswire
by PR Newswire0
Truecaller, the leading global platform for verifying contacts and blocking unwanted communications, has acquired the India-based company Unoideo Technologies Pvt Ltd. The company provides the service TrustCheckr that through a SaaS platform helps businesses verify customer information and detect risk of fraud based on phone numbers and digital signals. TrustCheckrs current offering has......
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