Radicant Chooses Netguardians’ Ai Anti-Fraud Software to Bolster Payment Protection
- 1 year 8 months ago
- Fraud Detection
radicant bank ag (radicant) is the first digital sustainability bank in Switzerland strategically aligned with the 17 UN Sustainable Development Goals (SDGs). To ensure the efficient and secure processing of its clients’ digital transactions, radicant has selected award-winning Swiss FinTech NetGuardians’ software for enhanced payment protection.
Economic Crime Commitment Continued with Home Office Fraud Crackdown
- 1 year 9 months ago
- Fraud Detection
The Home Office has introduced a new crackdown on fraud to protect businesses and consumers as part of the Government’s commitment to tackling financial crime. As part of a failure to prevent fraud offence, organisations must demonstrate their deterrence measures should fraud be committed by an employee. Failure to do so risks an unlimited fine.
Fraudsters are Underestimating the Power of AI to Detect Fake IDs, Says New Ondato Report
- 1 year 9 months ago
- Fraud Detection
Fraudsters are underestimating the power of AI to detect fake IDs, according to a new report from Ondato, a London-headquartered technology company that streamlines Know Your Customer (KYC) and anti-money laundering (AML) processes.
AMLYZE and Skaleet in a Partnership to Bolster FinCrime Prevention to the New Level Among Financial Institutions
- 1 year 9 months ago
- Fraud Detection
AMLYZE, a fast-developing RegTech startup that helps fintechs, banks, crypto businesses and other regulated entities fight financial crime and avoid painful regulatory fines, and Skaleet, an international fintech offering a next-generation Core Banking Platform (CBP), have established a new partnership.
Regula Introduces a Complete Single-Vendor Solution for Advanced Identity Fraud Prevention
- 1 year 9 months ago
- Fraud Detection
Many companies struggle to implement and integrate a bunch of different solutions covering different parts of the IDV process. In fact, according to Regula’s survey, 40% of organizations cite this overly complex technical environment as the largest constraint to deploying IDV solutions. Additionally, 38% of respondents expressed concern over the cost of maintaining and managing such an extensive set of technologies.
New Partnership Brings Forter’s Fraud Prevention Solution to Wix Merchants
- 1 year 10 months ago
- Fraud Detection
Forter, the Trust Platform for digital commerce, today announced its partnership with Wix.com Ltd., a leading global SaaS platform to create, manage, and grow an online presence. The partnership delivers Forter’s accurate, real-time decisions to Wix merchants in certain countries — increasing their approval rates, reducing fraud and delivering superior customer experience.
NICE Actimize 2023 Fraud Insights Report Reveals Attempted Fraud Transactions Have Increased By 92% Over Previous Year
- 1 year 10 months ago
- Fraud Detection
NICE Actimize, a NICE business, has released "The 2023 NICE Actimize Fraud Insights Report" that delves deeply into the banking and payments landscape and uncovers the most pressing threats and patterns impacting financial institutions.
Feedzai Partners with UK Finance for Annual Fraud Report 2023
- 1 year 10 months ago
- Fraud Detection
Feedzai, the market leader in fighting financial crime with AI, has partnered with UK Finance, the trade association for the UK’s banking and financial services sector, to deliver its Annual Fraud Report.
25% of UK Businesses Affected by Biometric Fraud in 2022
- 1 year 10 months ago
- Fraud Detection
The alarming rate of global identity fraud and online financial transactions continues to climb, with research indicating a 30% year-over-year increase in document fraud ID theft, authorised push payment scams, fake documentation and deepfakes.
UK Financial Services Sector Spending £22K Per Hour Fighting Fraud - New Report from LexisNexis® Risk Solutions and Oxford Economics
- 1 year 10 months ago
- Fraud Detection
UK financial services organisations are collectively spending £34.2 billion each year on financial crime compliance (FCC), according to the latest True Cost of Compliance report from LexisNexis Risk Solutions. This figure represents an increase of 19% since 2020.
Mastercard and Vesta Partner to Deliver Enhanced Digital Fraud Detection Solutions for Asia Pacific
- 1 year 10 months ago
- Fraud Detection
Mastercard and end-to-end fraud protection platform Vesta have announced a new strategic partnership to deliver state-of-the art fraud management solutions for merchants in Asia Pacific. The partnership will involve the integration of Mastercard’s Cyber & Intelligence (C&I) products and solutions into Vesta’s transaction guarantee platform, and will allow merchants to eliminate online fraud, approve more transactions and grow their... more
Nethone Strengthens Commitment to Fraud Prevention with ISO 27001 Certification
- 1 year 10 months ago
- Fraud Detection
Nethone, the challenger machine learning-based fraud prevention company that enables eCommerce merchants and financial institutions to holistically understand their end-users, has been awarded ISO 27001 certification by the International Organisation for Standardization.
SEON Raises The Stakes In The Fight Against Fraudsters
- 1 year 10 months ago
- Fraud Detection
Following its recent analysis of online fraud trends in 2023, SEON has delved deeper into the specific risks facing iGaming operators around the world. Leveraging millions of data points from across its industry-leading platform, the company has created a new report, which highlights the persistent nature of fraud across the iGaming space and underlines the incredible variance in fraud risks between regions, and the increasingly varied tools... more
‘Fraud Is Growing And Becoming More Sophisticated’ Says SEON In New Data Report
- 1 year 10 months ago
- Fraud Detection
Fincrime prevention experts SEON has released its latest report, highlighting some of the most pressing fraud trends of 2023. The report leverages internal data from the company’s fraud prevention platform to provide businesses and individuals with the insights they need to stay safe over the next twelve months. Key findings from the report include:
