Australian Fintech Hay Selects Featurespace to Strengthen Prepaid Card Security and AML
- 4 years 7 months ago
- Security, Fraud Detection, AML and KYC, Risk Management
Featurespace™, the leading provider of Enterprise Financial Crime prevention software, has revealed that Australian fintech Hay has selected its ARIC™ Risk Hub to detect and prevent fraud and money laundering on its mobile-first solution.
CWG Inks Strategic Partnership with Clari5 to help African Banks Combat Financial Crime in Real-Time
- 4 years 7 months ago
- Fraud Detection, AML and KYC, Risk Management
Leading information technology company CWG, today announced that it has partnered with Banking Enterprise Financial Crime Risk Management products company Clari5 to jointly help African banks combat enterprise fraud and money laundering.
PXP Financial partners with ROAR Digital
- 4 years 7 months ago
- Payments, Fraud Detection, Data
PXP Financial, the expert in global acquiring, payment, fraud and data analysis services, has today announced its provision of Gateway services, along with a comprehensive portfolio of payment solutions to gaming giant, ROAR Digital, the joint venture between MGM Resorts International and GVC Holdings Plc.
Featurespace Named as Representative Vendor in Gartner's May 2020 Market Guide for Online Fraud Detection
- 4 years 7 months ago
- Fraud Detection
Featurespace™, the leading provider of Enterprise Financial Crime prevention software, has been recognised as a Representative Vendor in Gartner's 2020 Market Guide for Online Fraud Detection1. The report states, "online fraud detection is expanding beyond traditional use cases, and market overlap with identity proofing and authentication is growing. SRM leaders focused on fraud should select vendors based on desired business outcomes and... more
Worldpay from FIS Helps Crypto Brokers and Exchanges with New Chargeback Indemnification Service from Forter
- 4 years 7 months ago
- Cryptocurrencies, Security, Fraud Detection
FIS™ (NYSE: FIS), a global leader in financial services technology, today announced Fraud Freedom, a new chargeback indemnification service designed for cryptocurrency brokers and exchanges.
Norway’s State Housing Bank Selects Temenos to Rapidly Offer Billions in Loans, Grants and Housing Support to Residents and Municipalities
- 4 years 7 months ago
- Lending, Cloud, Fraud Detection, AML and KYC
Temenos (SIX: TEMN), the banking software company, today announced that the Norwegian State Housing Bank, Husbanken, will replace its legacy IT system and deploy Temenos Transact to digitalize and optimize its lending operations. Temenos’ partner, Syncordis, will support the implementation. Temenos’ cloud-native core banking product will drive operational efficiencies across the bank’s back-office operations and reduce cost and complexity.... more
Adaptive Behavorial Risk Models Automatically Protect Consumers
- 4 years 7 months ago
- Fraud Detection, AML and KYC
Fraud and financial crime continue to increase during societal changes. Data has altered due to a dramatic shift in consumer spending patterns. Machine learning models traditionally created on historic data need re-training to learn new consumer behaviors and be effective at identifying fraud and financial crime and optimizing payment flow.
Liberty Bank reinforces its fraud strategy to further protect its customers
- 4 years 7 months ago
- Fraud Detection
Liberty Bank, the third largest bank in the Georgia, has reinforced its fraud strategy to address the rising volume of fraud the industry is currently seeing. The bank has teamed up with long-term partner Compass Plus to launch a new fraud detection and prevention system built on their solutions.
Vesta Secures $125 Million Investment From Goldfinch Partner
- 4 years 7 months ago
- Security, Fraud Detection
Vesta, a fintech pioneer in fraud protection and fully guaranteed payment technologies, has secured $125 million in new growth capital from private equity firm Goldfinch Partners. The funding will provide Vesta with the resources to invest in growth and continue the global deployment of its fraud protection and e-commerce payment solutions.
Paymentology introduces new card scoring model
- 4 years 7 months ago
- Cloud, Security, Fraud Detection
Cloud based payment processor Paymentology has launched its new Instream Fraud Scoring model which aims to improve the identification and blocking of fraudulent activity at point of sale on card usage, by more than 30%. The technology built into the new model ensures that the rapid speed of authorisation, for which Paymentology has become recognised as the market leader, is not compromised and the accuracy of the data ensures that all non-fraud... more
NICE Actimize and Infosys announce strategic partnership to offer end-to-end financial crime solutions
- 4 years 8 months ago
- Cloud, Security, Data Protection, Fraud Detection
NICE Actimize, a NICE (Nasdaq: NICE) business and a leader in Autonomous Financial Crime Management and Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, together today announced the expansion in their strategic collaboration. This global partnership will allow Infosys to offer its best-in-class delivery capabilities and resell NICE Actimize’s end-to-end financial crime software solutions through either a... more
Featurespace raises £30 million to drive growth
- 4 years 8 months ago
- Fraud Detection, AML and KYC
Featurespace, the leading provider of Adaptive Behavioral Analytics software for Enterprise Financial Crime prevention, has raised £30 million ($37.4 million) from a funding round led by Merian Chrysalis Investment Company Limited. The round also included further funding from a number of existing investors. The funding will be used to support Featurespace’s continued growth.
Forter extends its market-leading Fraud Prevention Platform to Payment Service Providers
- 4 years 8 months ago
- E-Commerce, Fraud Detection
Forter, the leader in e-commerce fraud prevention, today announced the general availability of its Fraud Prevention Platform for Payment Service Providers (PSPs), enabling PSPs to manage fraud for their merchants. Forter’s award-winning platform accurately reduces fraud chargebacks while increasing approvals, and it delivers an exceptional, frictionless consumer experience.
Survey reveals consumers risk online security amid pandemic
- 4 years 8 months ago
- Data Protection, Fraud Detection
There is no question that the pandemic has created large-scale social and behavioural shifts among consumers. Not only has it fundamentally changed attitudes toward risk, but it is challenging expectations around online security, convenience and access, or lack thereof, to key staples, e.g. toilet paper purchased online, and other digital services.
Marqeta Survey: Does Fraud Have to be a Fact of Online Life?
- 4 years 8 months ago
- Security, Fraud Detection
Marqeta, the global modern card issuing platform, today released the findings of a survey of over 4,000 UK and US consumers, looking at their attitudes to, and experiences of, financial fraud. 96% of UK respondents report having concerns about fraud, but more than two fifths (42%) said they accept fraud as a cost of living in an increasingly digital economy.
