Tag : fraudsters

Global Survey Finds 75% of Consumers Ready to Switch Banks Over Inadequate Fraud Protection
Artificial Intelligence Banking Finance Fintech News Security

Global Survey Finds 75% of Consumers Ready to Switch Banks Over Inadequate Fraud Protection

Business Wire
by Business Wire0
New research from Jumio reveals 69% of customers demand stronger cybersecurity measures as confidence in bank protections wanes Jumio, the leading provider of automated, AI-driven identity verification, risk signals and compliance solutions, today released new findings from its Jumio 2024 Online Identity Study. This year’s results highlight growing anxiety among......
New Study Reveals Alarming Surge in Synthetic Fraud Rates and Growing Concerns over AI Impact
Artificial Intelligence Fintech News

New Study Reveals Alarming Surge in Synthetic Fraud Rates and Growing Concerns over AI Impact

PR Newswire
by PR Newswire0
Results show synthetic fraud cases rising by 17% over the past two years, driven by AI-generated identities. Deduce, the only patented technology platform designed to prevent AI-generated identity fraud, in association with Wakefield Research, today released a study showing alarming trends in synthetic fraud growth. The study, which polled 500 fraud and risk professionals at financial services and fintech companies......
Banking Fintech News Technology

KYC Compliance For Specialized Bank By Startups

Fintech Staff Writer
by Fintech Staff Writer0
After receiving the first ever issued EU specialized banking license, the Lithuanian boutique bank is in its hypergrowth stage. As guaranteed by mano.bank, prior to taking care of business with iDenfy, the objective was to proceed to give the accommodation of use without settling for less on the experience for......
Cambridge Global Payments and ZipLingo Announce New Strategic Partnership
Business Fintech News Risk Management

E&I Cooperative Services & PaymentWorks Announce New Agreement for Secure Vendor Management

Fintech News Desk
by Fintech News Desk0
      PaymentWorks and E&I Cooperative Services (E&I) recently launched a competitively solicited lead public agency (LPA) contract for supplier information management (SIM) systems. This agreement creates an avenue for E&I members in higher education and K-12 to implement secure, repeatable, transparent vendor onboarding and relationship management. Read More: Curioinvest......
Barclays Data: 2020 Highest Ever Year for Scams
Banking Fintech News

Barclays Data: 2020 Highest Ever Year for Scams

Fintech News Desk
by Fintech News Desk0
New research from Barclays reveals 2020 as the highest year on record for scams, as the value of fraudulent activity increased more than 66 per cent during the months of July to December. The stark increase was driven by high-value and complex scams, with fraudsters cashing in on the nation’s......
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