Onfido Survey: Businesses Risk Losing Trillions by Ignoring the Use of AI for Fraud Prevention
- 1 year 6 months ago
- Fraud Detection
Onfido, the global leader in automated identity verification, today released the results of a study surveying over 1,500 business leaders from industries including financial services, gaming, retail, healthcare, transportation, legal and telecoms, across the US, UK, and Italy to examine perceptions, challenges and usages of AI. The research shows that as interest and investment in AI technology soars, leaders are concerned about the growth of AI... more
BR-DGE Joins Forces with Sift to Offer Merchants Market-leading Fraud Protection
- 1 year 6 months ago
- Fraud Detection
Leading payment orchestration provider BR-DGE has today announced its latest partnership with Sift, the leader in Digital Trust & Safety, to support merchants in the fight against payment fraud. This new partnership will give BR-DGE merchants access to Sift’s machine learning platform for fraud and risk decisioning via BR-DGE Connect, its payments ecosystem connectivity tool.
Experian’s Data Network Aims to Help US Automotive Lenders Fight Fraud
- 1 year 6 months ago
- Fraud Detection
With rising vehicle prices and the automotive industry relying more heavily on digital retailing, lenders are experiencing an uptick in fraudulent loan applications. As a result, Experian® today introduced the Hunter Automotive Fraud Alliance©, a collaborative data network designed to help automotive lenders in the United States share real-time fraud intelligence to minimize fraud risk, while maintaining a positive customer experience.
Bankjoy Partners with Fraud.net to Offer Real-Time Fraud Prevention for Financial Institutions
- 1 year 6 months ago
- Fraud Detection
Bankjoy, a leading digital banking provider, today announced its partnership with Fraud.net, the first end-to-end fraud management solution specifically built for digital enterprises and fintechs globally.
Feedzai Named as Financial Crime - Enterprise Fraud Category Winner by Chartis in its Latest RiskTech100 Report
- 1 year 7 months ago
- Fraud Detection
Today, Feedzai, the world’s first RiskOps platform for financial risk management, has been named as the Financial Crime – Enterprise Fraud category winner by Chartis in its latest RiskTech100 Report. Feedzai was selected for the award over the other vendors in the report, reinforcing its cutting-edge technology approach in tackling fraud.
TransUnion Helps Tymit To Improve Its Fraud Prevention
- 1 year 7 months ago
- Fraud Detection
TransUnion has partnered with London-based fintech company Tymit to help mitigate fraud risks whilst enabling friction-right experiences for consumers applying for Tymit’s pioneering instalment credit card.
UK Businesses Modernising to Enhance Security and Counter Fraudulent Activity
- 1 year 7 months ago
- Fraud Detection
American Express today released new research revealing that UK businesses are investing in modernising their payment systems to boost efficiency and protection against fraudulent activity. The new study surveyed financial leaders across sectors on challenges and priorities related to payment digitisation and automation with a focus on fraud prevention and security.
Nearly Half of Fraudsters in Crypto Use Printed Documents to Trick the System
- 1 year 7 months ago
- Fraud Detection
Ondato, a London-headquartered company that streamlines Know Your Customer (KYC) and Anti-Money Laundering (AML) processes, has published a report on identity fraud in the crypto industry that shows that 42% of fraudsters in the crypto industry attempt to trick systems by printing out fake documents.
SEON Announces Launch of Full Suite on AWS
- 1 year 7 months ago
- Fraud Detection
Online fraud prevention experts, SEON, have announced the launch of its full suite of fraud prevention solutions to customers on the Amazon Web Services (AWS) Marketplace. The launch will give businesses greater than ever-access to the company’s innovative fraud prevention platform.
Medius Launches Fraud & Risk Detection to Catch Fraud Before It's too Late
- 1 year 7 months ago
- Fraud Detection
Medius, a leading provider of AP Automation and wider Spend Management solutions, today announces a new Fraud & Risk Detection product to help businesses proactively prevent fraud, and gain greater visibility and more control across the invoice to pay lifecycle. The new solution extends existing risk and compliance controls within the Medius Suite.
Silverbird Selects Resistant AI’s Document Forensics for Swifter Customer Onboarding and Fraud Detection Across Multi-currency Foreign Payments
- 1 year 7 months ago
- Fraud Detection
Resistant AI, the AI- and machine learning-powered financial crime prevention specialists, today announces that Silverbird, the digital alternative to traditional banking making business payments borderless, limitless and affordable for international merchants, has adopted Resistant AI’s Document Forensics to secure its customer
The ai Corporation Extends Collaboration With Shell to Utilise Cutting-edge Autopilot Machine Learning to Protect Shell Card Users From Fraud
- 1 year 8 months ago
- Fraud Detection
The ai Corporation has extended its collaboration with Shell Business Mobility to protect Shell Card users from fraud. By combining ai’s unique, cutting-edge,Autopilot Machine Learning (APML) technology, which automates the optimisation of its anti-fraud systems, with ai’s RiskNet® fraud management platform, and its team of managed service expert analysts, ai will help to enhance Shell’s fraud detection and prevention capabilities.
Netguardians Powers TM-Pro’s Enhanced Capability to Disrupt Financial Crime
- 1 year 8 months ago
- Fraud Detection
The award-winning Swiss fintech, NetGuardians today announces it is powering Banking-as-a-Service product provider, TM-Pro’s state-of-the-art financial crime prevention services for European banks. Amsterdam-based TM-Pro will integrate AI-powered fraud and AML transaction monitoring solutions developed by NetGuardians into its cloud-native banking platform to better fight financial crime across Europe.
‘Neobank Growth Shows no Signs of Slowing’ Says SEON in Latest Report
- 1 year 8 months ago
- Fraud Detection
Online fraud and FinCrime prevention technology expert, SEON has released its latest report, titled ‘Neobanking Index: The State of Neobanks in 2023’. The report provides an up-to-date overview of the neobanking sector, leveraging recent research to assess growth and future growth trends, while also identifying the most common types of fraud affecting the space. Key findings from the report include:
Mastercard and Riskified New Integration Combines Fraud Insights to Drive E-commerce Revenue Growth and Profitability for Global Merchants
- 1 year 9 months ago
- Fraud Detection
Riskified, a leader in e-commerce fraud and risk intelligence, today announced an enhanced partnership with global payments leader Mastercard, that will improve the ability of businesses across the globe to grow online revenues and profit while mitigating the risk of fraud and chargebacks.
