Search Results for: potential fraud

Identity Fraud Cost Nearly Half a Million US Dollars to Every Third Bank Last Year, Says Regula Global Survey
Banking Fintech News

Identity Fraud Cost Nearly Half a Million US Dollars to Every Third Bank Last Year, Says Regula Global Survey

Business Wire
by Business Wire0
Regula, a global developer of forensic devices and identity verification (IDV) solutions, has released the findings of the second phase of their survey, which explores the business impact of investing in IDV. The results indicate a significant gap in the cost of identity fraud between Banking and FinTech organizations around......
Pidgin Partners with Effectiv to Help Financial Institutions Mitigate Transaction Fraud
Digital Payments News

Pidgin Partners with Effectiv to Help Financial Institutions Mitigate Transaction Fraud

Business Wire
by Business Wire0
Pidgin, a secure, real-time payments platform built for the future of payments, has partnered with Effectiv, a fraud-fighting and compliance automation platform to help financial institutions monitor transactions to detect and prevent payments fraud in real time. “As adoption of faster payments grows, many financial institutions are concerned about the implications......
Digital News

Insurers Can Unlock $874 Billion In Untapped Potential By Investing In Data And Analytics—Everest Group

Fintech News Desk
by Fintech News Desk0
By investing in becoming data-centric organizations, insurance companies can unlock a collective economic value of US$874 billion, according to Everest Group. This potential lies in the impact data and analytics can have in helping organizations increase operational efficiency (US$306 billion), reduce claims leakage and fraud (US$117 billion), and achieve premium......
US Payments Forum Fall Market Snapshot: Next Steps for Contactless, Fraud in Focus, Alternative Payment Boom
Digital Payments News

US Payments Forum Fall Market Snapshot: Next Steps for Contactless, Fraud in Focus, Alternative Payment Boom

Fintech News Desk
by Fintech News Desk0
The U.S. Payments Forum released its latest Market Snapshot. It provides an overview of the state of the industry including successes in tap-to-pay and tap-to-phone transactions, up-and-coming payment verticals and growing concerns in the card-not-present (CNP) fraud space. The snapshot also provides an update on global chip supply challenges from a payments......
SWIFT and MonetaGo Deliver Major Milestone in Fight Against Trade Finance Fraud
Finance News

SWIFT and MonetaGo Deliver Major Milestone in Fight Against Trade Finance Fraud

Fintech News Desk
by Fintech News Desk0
SWIFT and MonetaGo have achieved an important milestone in the global fight against fraud and duplicate financing, with the live launch of the Trade Financing Validation Service provided by MonetaGo over the global SWIFT network. “Trade finance is rightly understood to be a low-risk asset class that finances the real......
Fintech News

Unit21 Launches Fintech Fraud Dao To Combat Financial Crime With Brex, Chime And Primetrust As Early Customers

Fintech News Desk
by Fintech News Desk0
Unit21 and other members of the U.S. consumer fintech community have come together to launch the Fintech Fraud Decentralized Autonomous Organization (DAO), a decentralized network that uses a collaborative data-sharing approach to identify and combat fraud. “I look forward to further advising and growing this initiative.” Participating fintechs include Brex,......
How Open Banking is Fighting Tenancy Fraud AND Stopping Fraudsters
Analytics Banking Guest Posts

How Open Banking is Fighting Tenancy Fraud AND Stopping Fraudsters

Blake Richmond
by Blake Richmond0
Fraudulent practices in financial activities trace their origin to our ancient civilizations. The earliest example recorded is from Ancient Greece, where a ship captain defrauded people out of insurance money. Needless to say, it’s not a new issue. But with the world becoming increasingly digital, the scale and complexity of......
Ocrolus Launches Comprehensive Fraud Detection Solution for Lenders
Lending News Risk Management

Ocrolus Launches Comprehensive Fraud Detection Solution for Lenders

Fintech News Desk
by Fintech News Desk0
Ocrolus Detect can help lenders minimize risk and prevent unnecessary losses Ocrolus, the document and data analysis platform empowering lenders to make faster, more accurate lending decisions, announced the launch of Ocrolus Detect, a comprehensive fraud detection solution for lenders. Detect provides high-quality, decision-ready data that can help lenders minimize......
Rippleshot Announces Partnership with Risk Intelligence Leader Flashpoint to More Proactively Combat Card Fraud for Financial Institutions
Digital Payments News

Rippleshot Announces Partnership with Risk Intelligence Leader Flashpoint to More Proactively Combat Card Fraud for Financial Institutions

Fintech News Desk
by Fintech News Desk0
Flashpoint Intelligence Platform further expands its card fraud mitigation solutions by implementing Rippleshot’s high-risk merchant data Rippleshot, a provider of proactive fraud detection and prevention solutions to payment processors and financial institutions, announced today a partnership with Flashpoint, the globally trusted leader in actionable intelligence, to pair Rippleshot’s compromised and high-risk......
Eximbay Strengthens Cross-Border eCommerce Fraud Management with ACI Worldwide
Digital Payments News

Eximbay Strengthens Cross-Border eCommerce Fraud Management with ACI Worldwide

Fintech News Desk
by Fintech News Desk0
ACI Worldwide, the global leader in mission-critical, real-time payments software, announced that Eximbay, South Korea’s leading overseas payment services provider (PSP), has added ACI Fraud Management for Merchants real-time fraud prevention solution to its payment services capabilities. “ACI has helped us deliver more secure international business expansion for our merchant customers, as......
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