Tag : Fraud

B2B Markets News Technology

Mastercard And LSEG’s GIACT Improve Customer Digital Identity And Fraud Solutions.

Fintech Staff Writer
by Fintech Staff Writer0
GIACT, a division of the LSEG (London Stock Exchange Group), announces a cooperation with Mastercard, a leading provider of global payments technology, to use Open Banking to offer clients a safe method of account verification. As a result of the cooperation, businesses will be able to employ a variety of......
Consumers Online Payment Security Fears Grow Following ‘Cost-of-Living Crisis’, Says Paysafe Research
Digital Payments News

Consumers Online Payment Security Fears Grow Following ‘Cost-of-Living Crisis’, Says Paysafe Research

Fintech News Desk
by Fintech News Desk0
62% of global consumers increasingly see fraud as an inevitable risk of online shopping Over half (59%) of consumers are more concerned about becoming a victim of fraud now than they were in 2021. That’s according to research* released by leading specialised payments platform, Paysafe (NYSE: PSFE) which indicates that consumers across North......
ClearSale Launches Initiative For More Inclusive Fraud Science Terminology
E-commerce News Security

ClearSale Launches Initiative For More Inclusive Fraud Science Terminology

Fintech News Desk
by Fintech News Desk0
Industry leader advocates for diversity, equity, and inclusion in the fraud-prevention conversation ecommerce fraud protection leader ClearSale is pleased to announce its new internal initiative to make ecommerce fraud prevention terms more inclusive. The company, whose 1,500-plus employees protect over 5,000 companies in more than 160 countries, knows that providing the......
AU10TIX Protects Businesses Against $2 Billion in Fraud Since Start of 2022
Finance News

AU10TIX Protects Businesses Against $2 Billion in Fraud Since Start of 2022

Fintech News Desk
by Fintech News Desk0
Leading automated identity verification technology company expands financial services presence to create a more secure and inclusive digital economy AU10TIX, a leading global provider of fully automated identity verification technology powered by cutting-edge machine learning and artificial intelligence (AI), today announced that the company has prevented $2 billion in fraud related losses......
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......
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