Trulioo Launches Global Fraud Intelligence Capability
- 1 week 1 day ago
- Fraud Detection
Trulioo, an industry-leading identity platform with proven global coverage for person and
Almost All Banks Rule Out Guaranteed Full Refunds for APP Fraud Losses
- 1 week 3 days ago
- Fraud Detection
New fraud protections have come into effect today (7th October), and the personal finance comparison site
“It Simply Isn’t Good Enough” - Revolut Calls for Meta to Commit to Sharing Reimbursement of Fraud Victims
- 1 week 6 days ago
- Fraud Detection
Revolut, the global fintech with over 45 million global customers, is calling on Meta to commit to sharing reimbursement of fraud victims, arguing that its recently announced data-sharing partnership with UK banks and financial institutions falls woefully short of what’s required to tackle fraud globally.
Numerated Partners with Alloy to Supercharge Fraud Prevention in Commercial Lending
- 1 week 6 days ago
- Fraud Detection
Numerated, the leading AI-driven commercial lending platform, today announced its partnership with Alloy, the identity risk management company trusted by over 600 leading banks, credit unions and fintech companies, to deliver best-in-class fraud checks within commercial lending. This strategic partnership will supercharge Numerated's lending automation capabilities by combining cutting-edge risk management with advanced automation, providing... more
UK Urged to Lead Cross-Border War on £420 Billion “Fraudemic” Sweeping the Globe
- 2 weeks 3 days ago
- Fraud Detection
The Social Market Foundation (SMF) – a cross-party think tank – in partnership with Santander UK, have today published the first-of-its-kind ‘Fraud Threat Prevalence Report’. Through data from a survey spanning 15 countries and 28,000 respondents, the SMF has revealed the global nature of the ‘fraudemic’, and the action that the UK must take to address it1.
FICO and Jersey Telecom Collaborate to Tackle Authorized Push Payment Fraud
- 4 weeks 1 day ago
- Fraud Detection
In the fight against the growing problem of financial scams, global analytics software leader FICO has collaborated with Jersey Telecom (JT) to develop a powerful solution that enables direct, near real-time intervention to protect customers.
FICO Solutions Help Bank Mandiri Slash Fraud by 80% on Cards and 85% on Digital App as Digital Channels Boom
- 1 month 21 hours ago
- Fraud Detection
Bank Mandiri, Indonesia’s largest financial institution, is using the industry-leading capabilities of
Trustly: Nearly £60 Million Stolen in Card Fraud in Past 3 Years
- 1 month 1 week ago
- Fraud Detection
Almost £60 million has been reported stolen through card fraud over the past three years in the UK according to new research from Trustly, the global leader in open banking payments. The figures were obtained via a freedom of information request sent to the National Fraud Intelligence Bureau run by City of London Police.
Visa in Talks to Acquire British Fraud-Fighting Firm Featurespace in a Deal Worth £700 Million
- 1 month 2 weeks ago
- Fraud Detection
Visa, the global leader in digital payments, is reportedly in advanced discussions to acquire Featurespace, a pioneering British company specializing in financial fraud prevention. The potential deal is valued at approximately £700 million, according to a report by Sky News.
New Experian Report Reveals Generative AI, Deepfakes, and Cybercrime Are the Top Fraud Concerns for Businesses
- 1 month 3 weeks ago
- Fraud Detection
Experian® today released its 2024 U.S. Identity and Fraud Report revealing that generative AI (Gen AI), deepfakes and cybercrime are critical threats putting intensifying pressures on businesses.
Investment Fraud Attempts Surge by 76% in the First Half of 2024
- 1 month 4 weeks ago
- Fraud Detection
According to the latest Bank of Ireland fraud data for the first half of 2024, the volume of investment fraud attempts has surged by 76% compared to the same period in 2023. Investment fraud happens when fraudsters, posing as legitimate firms, offer consumers investment opportunities on social media or in a sponsored search result. A common tactic is to promise high returns and then put people under considerable pressure to commit to the... more
Sionic Announces Fraud Protection Service Using Google Cloud AI Technology
- 2 months 2 days ago
- Fraud Detection
Sionic, a leading provider of real-time, Pay-by-Bank Commerce (PbBC) services, today announced the launch of its comprehensive fraud detection and mitigation service built exclusively for real-time, bank-to-bank payments at checkouts, whether online, mobile or in-store. Using Google Cloud’s Vertex AI platform, Sionic is able to help financial institutions and retailers detect fraud more effectively.
90% of Americans Worry About Rise in Fraud, 74% Think AI Will Increase Successful Fraud Attempts, Abrigo Survey Finds
- 2 months 3 days ago
- Fraud Detection
Abrigo, a leading provider of financial crime prevention and risk management solutions for U.S. financial institutions, today announced compelling new survey results revealing how Americans feel about financial fraud, their fears about AI’s impact on fraud, and some misconceptions that endure. The vast majority of Americans (90%) are worried about the rise in fraud: More than half (51%) are “extremely concerned” and another 39% are “somewhat... more
Safecypher to Drive Safer, More Robust Online Card Payments with the Launch of Evolutionary Technology
- 2 months 2 weeks ago
- Fraud Detection
Safecypher, one of Europe’s leading card payments security companies, has launched an advanced new anti-fraud technology in partnership with An Post. The Irish Post office will now embed the Safecypher security technology for CNP (Cardholder-Not-Present) payments into its popular An Post Payments app. CNP fraud is one of the most devious and pernicious types of credit and payments card fraud, and CNP global losses predicted for 2024 are $35.8... more
