The ai Corporation (ai) an FCA approved expert in fraud and risk management, has today launched its outcome-based fraud service model. By combining ai’s world leading fraud experts and its artificial intelligence/machine learning capability, the new service model will enable organisations to outsource all aspects of their fraud management function to ai’s team, under a performance-based contract. Read more »
RISK IDENT, a leading provider of fraud prevention software supported by machine learning, is expanding its international operations and opening up its new US headquarters at the Cambridge Innovation Center (CIC) near Boston, Massachusetts. The center is home to more startups than anywhere else worldwide, while its proximity to customers, talent, and investors makes this location ideal for RISK IDENT’s future developments. Read more »
Aeriandi, a leading provider of secure voice services and NICE, a global leader in cloud and on-premises enterprise software solutions, including advanced customer analytics, have announced a strategic partnership. Under the terms of the partnership, Aeriandi’s customers will have access to an easy to implement speech analytics solution that can analyse both real-time and archived calls. Read more »
Fraugster, an Israeli and German payment security company, announced today the official launch of the Fraud Free Product (Fraugster.com/fraudfree). The innovative solution uses a powerful Artificial Intelligence technology designed to completely eliminate fraud and increase profits for online merchants. Read more »
Launching today is Jscrambler's Webpage Integrity module, an anti-fraud solution designed to protect webpages. It identifies fraud by detecting malicious tampering and client-side injections to webpages. Jscrambler is able to identify any kind of client-side injection (MITB, Malicious Extensions, Client-side XSS, Malicious/Compromised third-party code, etc.), be it a known injection or a completely new one (0-day attacks). Read more »
A new collaborative report, released today by Cifas, the UK’s leading fraud prevention service, and LexisNexis® Risk Solutionsan information solution provider that helps organisations assess, manage and predict risk and part of RELX Group, highlights that company directors are one of the most at-risk groups for identity fraud. Read more »
TSYS, in conjunction with Featurespace, announced a new fraud prevention product today, called TSYS Foresight Score with Featurespace. Foresight Score is a fraud and risk scoring tool that incorporates innovative machine learning — a form of Artificial Intelligence (AI) that allows software to learn over time without being explicitly programmed — to bolster an issuer’s ability to fight transactional fraud. It was built in partnership with... more Read more »
Accuity, the leading provider of financial crime compliance, payments and know-your-customer (KYC) solutions, announced today that it has signed a new partnership agreement with Union Systems Limited (USL), an information technology company supporting advanced software for leading banks and financial institutions in Nigeria, Ghana and Kenya. The partnership enables Accuity to add momentum to the growth of its business across the Nigerian market. Read more »
With the recent events surrounding the WannaCry ransomware attack, REMTCS' ANNI PASS solution would have identified and mitigated the ransomware attack, preventing it from spreading throughout an organization. Read more »
Chargebacks911, Europe’s first-ever chargeback management and dispute resolution company for online businesses, announced today that it will also be known as The Chargeback Company in Europe. The company will still be known as Chargebacks911 in North America, Australia and elsewhere outside of Europe. Read more »
Nuance Communications today took a major step towards reducing the risk of consumer fraud by announcing a new suite of biometric security solutions, driven by the latest in artificial intelligence (AI) innovations. The new Nuance Security Suite includes not only the company’s award-winning voice biometrics technology, but also new advances in facial and behavioural biometrics that combine to provide advanced protection against fraud, across... more Read more »
CA Technologies (NASDAQ:CA) today announced CA Risk Analytics Network, the payment industry’s only card-issuer network that stops card-not-present fraud instantly for network members using real-time behavior analytics, machine learning and global transaction data to reduce online fraud losses by an average of 25 percent* – a potential of $2.2 billion in savings.** Read more »
Russia’s Sovcombank is using a new form of credit scoring to attract young people looking for their first credit card. The score, developed by Entrepreneurial Finance Lab (EFL) and marketed by Silicon Valley analytics firm FICO, uses an interactive online assessment to evaluate an individual’s credit risk. Sovcombank, a universal bank with more than 2 million customers, is using the score to “gamify” the credit application process. Read more »
IndusInd Bank has won the Celent Model Bank 2017 Global Award for Fraud Management and Cybersecurity for driving a unique initiative, namely how to leverage the investments in fraud management to pay for itself. In the innovation, IndusInd Bank not only implemented the real-time enterprise wide cross-channel fraud and AML management platform, but also began reusing in-memory data to offer simultaneous real-time cross-sell and upsell. Read more »
BioCatch, the global leader in behavioral biometrics, announced today that it has teamed up with Experian, the leading global information services company, to integrate its behavioral biometric technology into the company's fraud and identity platform, CrossCore™, to help prevent new account fraud for its users. Read more »
