Tag : Fraud

Hybrid Working Unleashes Wave of Insider Fraud as More Than Half of Businesses Fall Victim
B2B News Security

Hybrid Working Unleashes Wave of Insider Fraud as More Than Half of Businesses Fall Victim

Fintech News Desk
by Fintech News Desk0
Businesses of all sizes have been hit hard by fraud, and only 32% of fraud losses have been recovered in Great Britain (GB) and the United States (US) The shift to a cashless economy accelerates, with 1 in 5 businesses in Great Britain and 1 in 4 in the United......
Banking on Real-Time AI Florida Credit Union Sees 97% Reduction in Fraud
Banking News Security

Banking on Real-Time AI Florida Credit Union Sees 97% Reduction in Fraud

Fintech News Desk
by Fintech News Desk0
While many big banks are still struggling to advance from the experimentation phase to fully implementing Artificial Intelligence (AI) solutions, one Florida-based credit union has taken the leap and reaped enormous benefits. Using breakthrough RembrantAi technology from IT Solutions company, ToolCASE, Launch Credit Union prevented more than $1.8 million in fraud in 2021, a 97%......
BAE Systems NetReveal to Enhance Compliance at Nova KBM Slovenia
Fintech News Risk Management

BAE Systems NetReveal to Enhance Compliance at Nova KBM Slovenia

Fintech News Desk
by Fintech News Desk0
BAE Systems Applied Intelligence, a leading global provider of anti-money laundering (AML) and counter-fraud solutions, has announced an agreement with Nova KBM Slovenia to supply its NetReveal Compliance Suite in a five-year deal to drive significant improvements at the bank. Top Globalfintechseries.com Insights: Detroit Pistons and Zelle Partner to Elevate Financial Fitness in......
Covid-19 Spending Habits – Has The Pandemic Caused An Increase In Acquirer Fraud?
Digital Payments Guest Posts Risk Management

Covid-19 Spending Habits – Has The Pandemic Caused An Increase In Acquirer Fraud?

Justyna Bialobrzeska
by Justyna Bialobrzeska0
As the Covid-19 virus started to spread around the globe and a sharp economic downturn became apparent in many sectors, acquirers, and the financial institutions who maintain merchant accounts in order to accept card payments, faced a decline in the number of transactions being processed through their systems, and therefore......
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......
Banking Featured Fintech Robotic Process Automation

Robotic Process Automation: Impact on Fintech and a Deep Dive into Top Global Providers

Fintech News Desk
by Fintech News Desk0
“There is a lot of automation that can happen that isn’t a replacement of humans but of mind-numbing behavior – Stewart Butterfield”. The moment the term ‘robot’ is used, most people start thinking of a human-like structure, simulating everything a human can do, but in a faster manner. Nonetheless, a......
Paddle integrates Alipay, Google Pay and iDeal, empowering software businesses to sell and grow globally
B2B Fintech News

Paddle Rolls Out New Payment Acceptance Features

Fintech News Desk
by Fintech News Desk0
Paddle, the Revenue Delivery Platform for B2B Software-as-a-Service (SaaS) companies, today announced the launch of Paddle Pilot, a new set of features that helps businesses increase their payment acceptance and capture more revenue. With Paddle Pilot, fast-scaling SaaS businesses can maximise the success of their payments internationally, avoiding payment failures......
NYDFS Puts Out Cybersecurity Fraud Alert
Fintech News

NYDFS Puts Out Cybersecurity Fraud Alert

Fintech News Desk
by Fintech News Desk0
The New York State Department of Financial Services (“DFS”) today issued a cybersecurity fraud alert (“Alert”) to all of its regulated entities. The Alert describes a widespread cybercrime campaign to steal consumers’ nonpublic information (“NPI”) from public-facing websites that transmit or display redacted NPI. Read More: BitPay Card Adds Support......
Entrust Partners With Netcetera to Fight Online Payment Fraud
Business Cloud Fintech News Risk Management

Entrust Partners With Netcetera to Fight Online Payment Fraud

Fintech News Desk
by Fintech News Desk0
Solution enables analysis and verification of card-not-present transactions Entrust, a leading provider of trusted identities, payments and data protection, has announced a partnership with Netcetera, a leading 3 Domain Secure (3DS) provider, to help financial institutions combat fraud associated with card-not-present (CNP) transactions.  Read More: Micronotes and Experian Empower Financial Institutions......
MYHSM advances security for Sub-Saharan payments outfit Accelerex
Business Fintech Investment Services News

MYHSM Advances Security for Sub-Saharan Payments Outfit Accelerex

Fintech News Desk
by Fintech News Desk0
MYHSM, the global provider of Payment Hardware Security Modules (HSM) as a Service today announces the results of its partnership with Global Accelerex, a leading digital payments solutions and services provider for developing economies in the sub-Saharan African region. Founded in 2008, Global Accelerex delivers innovative and secure technology solutions......
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