Tag : fraud risk

FundingShield Q1 2025 Wire Fraud Risk Report Showing Nearly Half of Transactions at Risk
Fintech News Risk Management

FundingShield Q1 2025 Wire Fraud Risk Report Showing Nearly Half of Transactions at Risk

Business Wire
by Business Wire0
During Q1 2025 46.8% percent of transactions on a ~$80bn portfolio comprising of residential, commercial and business purpose loans had issues leading to a risk of wire & title fraud. On average, problematic loans had 2.5 issues per loan which is a new record, indicating the lack of appropriate controls......
PairSoft Expands B2B Payments Access Through Bottomline Partnership
Artificial Intelligence B2B Fintech News Robotic Process Automation

PairSoft Expands B2B Payments Access Through Bottomline Partnership

PR Newswire
by PR Newswire0
New integration with Bottomline’s Paymode network strengthens embedded payments strategy PairSoft, a leader in AI-driven automation for procure-to-pay and document management, announced today its partnership with Bottomline, a global leader in business payments. This collaboration will embed Bottomline’s Paymode business payments network into PairSoft’s solutions, providing customers access to secure,......
Artificial Intelligence Banking Digital Payments Featured Finance Fintech Risk Management Security

Leveraging AI and Data Analytics for Better Risk Assessment

Fintech Staff Writer
by Fintech Staff Writer0
The rapid evolution of financial technology has brought forward innovative ways to borrow and lend, transforming how consumers approach personal finance. One standout development in this space is the rise of Buy Now, Pay Later (BNPL) services, a flexible and accessible lending model that has disrupted traditional banking and credit......
Financial Institutions Struggle to Meet Customer Expectations in Fighting Authorized Transfer Scams, LexisNexis Risk Solutions Study Finds
Fintech News

Financial Institutions Struggle to Meet Customer Expectations in Fighting Authorized Transfer Scams, LexisNexis Risk Solutions Study Finds

PR Newswire
by PR Newswire0
Only 50% of organizations have confidence in their ability to stop scammers. Sixty-nine percent (69%) find it difficult to break a victim’s belief or trust in a scammer. Just four percent (4%) of FIs can alert customers to scams involving impersonation of financial services employees within 24 hours. LexisNexis Risk......
Monnai Strikes a Chord with Financial Institutions, Unlocking Global Consumer Insights
Fintech News

Monnai Strikes a Chord with Financial Institutions, Unlocking Global Consumer Insights

Fintech News Desk
by Fintech News Desk0
Company’s single API approach delivers decisioning insights at every stage of the customer lifecycle Monnai, the world’s only global consumer insight infrastructure provider, announced that in its first full year of operations they demonstrated strong product market fit, customer traction and growth. Financial organizations in seven countries have deployed its......
Banking Executives Report Lacking Proactive Fraud Prevention Approach
Banking Fintech News Security

Banking Executives Report Lacking Proactive Fraud Prevention Approach

Fintech News Desk
by Fintech News Desk0
Transaction Data and Customer-Abuse Scoring Seen as Insufficient to Accomplish Goals While a comprehensive fraud management program is essential to mitigating risk and driving growth, a new survey finds that executives at some US financial institutions are at odds on whether their strategies are sufficiently proactive. Specifically, the survey of 105 decision......
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