TransUnion Research Highlights Power of Public Data in Uncovering $3.3B Synthetic Identity Threat
- 3 days 17 hours ago
- Fraud Detection
With synthetic identities now linked to a record number of newly opened accounts, U.S. lenders faced more than $3.3 billion in exposure for the year ending 2024. This alarming trend underscores the urgent need for financial institutions such as auto lenders, mortgage lenders and credit unions to harness all available data to detect and prevent synthetic identity fraud at the point of account creation.
Compass Plus Technologies Unveils FraudAxis: AI-Powered, Real-Time Fraud Management Solution for Financial Institutions
- 4 days 1 hour ago
- Fraud Detection
Compass Plus Technologies, a global provider of retail banking and payments software, today announced the launch of FraudAxis, its next-generation fraud management platform designed to help financial institutions detect, prevent, and predict fraud in real time across all payment channels.
VAMP Is Coming: Ravelin Urges Merchants to Act Before Visa Fraud Crackdown Hits
- 5 days 23 hours ago
- Fraud Detection
Leading fraud prevention platform Ravelin is urging merchants to take immediate action on Visa’s updated VAMP (Visa Acquirer Monitoring Program). It warns failure to minimise fraud will mean incurring significant, recurring fees, and even losing the ability to accept Visa payments. Ravelin has published a simple VAMP guide to help businesses save time, money, and avoid disruption.
Misuse of Scam Warning Flags Unnecessarily Delays Transfers
- 1 week 3 days ago
- Fraud Detection
Thousands of pension transfers are being held up unnecessarily by providers who are raising flags for transfers that have no real scam risks, according to new analysis.
UK Hotspot for Year-Round Fraud, as Online Attacks Surge Nearly 50%, Finds Mangopay
- 1 week 3 days ago
- Fraud Detection
New data from Nethone, Mangopay’s global fraud detection solution, reveals online fraud pressure rising to record levels and breaking out of traditional holiday cycles.
Entrust and Mastercard Transform Account Onboarding With Intelligent Fraud Defense
- 1 week 5 days ago
- Fraud Detection
Entrust, a global leader in identity-centric security solutions, today announced an expanded partnership with Mastercard to enhance fraud prevention by integrating Mastercard Identity insights (powered by Ekata) into the Entrust Identity Verification Security Platform.
Brits’ ‘Fear of Fraud’ Cost UK SMEs £6.15bn in the Last Financial Year
- 2 weeks 4 days ago
- Fraud Detection
UK SMEs relying on outdated manual bank transfers as a primary method of payment lost out on an estimated £6.15 billion in sales last year.
UK Second to Canada in Adyen’s Annual Fraud Index: With Victims of Payment Fraud Losing an Average £757.64 in 2025
- 2 weeks 5 days ago
- Fraud Detection
Adyen, the global financial technology platform of choice for leading businesses, has launched new research uncovering the extent to which payments fraud is increasing globally, with UK shoppers affected by fraud losing an average of £757.64 over the past 12 months.
Alloy for Embedded Finance Wins Datos Insights 2025 Fraud & AML Impact Award
- 3 weeks 1 day ago
- Fraud Detection
Alloy, a leading identity and fraud prevention platform provider, announced today that its solution for Sponsor Banks, Alloy for Embedded Finance, was named Best Know Your Customer/Business (KYC/KYB) innovation by Datos Insights as part of its 2025 Fraud & AML Impact Awards.
WEX® Partners with Trulioo to Drive Trusted Digital Onboarding and Prevent Fraud for European Customers
- 3 weeks 3 days ago
- Fraud Detection
Trulioo, an industry-leading identity platform with proven global coverage for person and business verification, today announced its partnership with WEX, a global payment processing and fleet management company. WEX has selected Trulioo Document Verification and Biometrics to accelerate and secure their KYC process for its European fuel card customers, replacing current manual procedures.
Oasis and Taylor Swift Fans Lose Out to Scammers, TSB Data Reveals
- 3 weeks 4 days ago
- Fraud Detection
TSB warns music fans to stay vigilant to ticket fraud, as the bank's customer data shows how fans desperate to see Taylor Swift and Oasis fell victim to scams. TSB compared the 15 Taylor Swift UK shows in 2024, with 15 UK Oasis concerts this summer to uncover which led to the most losses for its customers.
MoneyMe Selects SEON to Strengthen Fraud Prevention and Credit Decisioning
- 1 month 19 hours ago
- Fraud Detection
SEON, the command center for fraud prevention and AML compliance, today announced that MoneyMe, one of Australia's leading digital lenders, has selected SEON’s unified platform to bolster fraud detection as it
Fraud to Cost Financial Institutions $58.3 Billion by 2030 Globally, as Synthetic Identities Threaten Fraud Tidal Wave
- 1 month 3 days ago
- Fraud Detection
A new study by Juniper Research, the foremost experts in fintech and payment markets, forecasts a 153% surge in fraud by 2030; rising from $23 billion in 2025 to $58.3 billion in 2030.
Nium and iPiD Deepen Strategic Collaboration to Advance VoP Compliance and Global Fraud Prevention
- 1 month 1 week ago
- Fraud Detection
Nium, the leading global infrastructure for real-time cross-border payments, today announced the expansion of Verify, its account validation service, in Europe, through a strengthened strategic partnership with iPiD, the provider of the Know Your Payee (KYP) solution, iPiD Node. As part of this deepening collaboration, iPiD is also leveraging Nium's Verify technology to enhance its own validation capabilities, marking a mutual partnership... more
