NatWest Group Partners with Bottomline to Reduce Payment Fraud
- 2 years 10 months ago
- Payments, Fraud Detection
Bottomline, a leading provider of financial technology that makes business payments simple, smart and secure, today announced the NatWest Group has adopted Bottomline’s Confirmation of Payee (CoP) solution to service their Agency Institutions in the fight against authorised push payment fraud (APP) across the UK.
One-minute Verification: Sumsub Helps Bybit Quickly Onboard Global Users and Fight Fraud
- 2 years 10 months ago
- Fraud Detection, Compliance, AML and KYC
Sumsub is ready to share the results of their partnership with Bybit. Sumsub, an internationally-acknowledged identity verification and KYC/AML compliance provider, is ready to present the results of their partnership with Bybit, a global crypto trading and staking platform with over 6 million users worldwide.
Payment Fraud: Steps to Take if Your Business Gets Scammed
- 2 years 10 months ago
- Payments, Security, Fraud Detection
Payment fraud is a nightmare scenario for any business. Irrespective of size, companies face substantial financial and reputational harm resulting from fraudulent activity. Depending on the severity of the crime and the losses incurred, the very survival of the business may be at stake.
The ai Corporation (ai) and Ignixxion Technologies Limited partner to launch the World’s first EMV (open loop), fuel payments and digital fleet management solution
- 2 years 10 months ago
- Payments, Fraud Detection
Unifying fleet card issuance, payment processing, fraud management, mobility, and fleet management capabilities in one end-to-end solution. The ai Corporation (ai), an expert in fraud prevention and payment solutions, and Ignixxion Technologies Limited, an innovative fintech fleet solution provider, today announced the launch of the World’s first integrated, EMV open loop, fuel payment and fleet management solution.
SEON Continues to Take the Fight to Global Fraud
- 2 years 11 months ago
- APIs, Payments, Banking, Fraud Detection
SEON Continues to Take the Fight to Global Fraud One of Deloitte’s Top 10 Growth Stars, SEON announces significant upgrades to its world-leading product stack
HSBC Working with IBM to Accelerate Quantum Computing Readiness
- 2 years 11 months ago
- Banking, Fraud Detection, Risk Management
Bank envisions application of quantum capabilities for priorities such as pricing and portfolio optimization, sustainability, risk and fraud Expands internal talent with quantum specialists
Seon Named Cyber Security Solution of the Year
- 2 years 11 months ago
- Security, Fraud Detection
Following a year of exceptional growth, new customer acquisitions and renewed investment, global fraud fighters, SEON have been awarded the title of ‘Cyber Security Solution of the Year’ at the FSTech Awards.
Why Ecommerce Businesses Increasingly Need Innovative AI and Fraud Strategies
- 2 years 11 months ago
- Fraud Detection
Online fraud is changing, but so is the way that risk teams are dealing with the threat of fraud and abuse. Smart machines and big data mean that businesses can be armed against fraud — they’re no longer playing defence. Now, modern risk teams have seized the role of optimising business revenue, rather than focusing on loss avoidance. This reframed role means that progressive risk teams are no longer a cost recovery centre but have become their... more
New Study Reveals How the Pandemic has Affected Cybercrime
- 2 years 11 months ago
- Cybersecurity, Fraud Detection
A report by Fasthosts has revealed that the pandemic has left UK businesses vulnerable to fraud and cyber-attacks. Data from the National Fraud Intelligence Bureau show that businesses have had over £2.4 billion losses due to cybercrime in the past year! Since January 2021 there were 445.357 reported cases of cybercrimes in the UK.
Sumsub Launches a Seamless KYB Solution that Makes Business Verification 24x Faster
- 2 years 11 months ago
- Fraud Detection, AML and KYC, Authentication Technology
As global demand for legal entity checks increases, Sumsub is here to help companies verify their business clients, stay compliant and avoid huge fines. Anti-fraud and verification platform, Sumsub, is launching a KYB solution for fast and effective verification of companies.
Report: Payment Fraud Attacks Against Fintech Companies Soar by 70% in 2021
- 2 years 11 months ago
- Payments, Fraud Detection
Sift’s Q1 Digital Trust & Safety Index reveals rising fraud across fintech, company releases Trust Intelligence Center for Trust and Safety Professionals The fintech providers that saw an uptick in payment fraud from 2020-2021.
Chargebacks911 and Microsoft Team Up to Launch Fraud Protection Solution for Financial Institutions
- 2 years 11 months ago
- Transaction Banking, Fraud Detection
Chargebacks911’s dispute and chargeback prevention services to combat fraud on all fronts using Microsoft Dynamics 365 Fraud Protection core protection capabilities
nSure.ai’s Real-time Fraud Prevention Intelligence Platform Raises $18M Series A to Revolutionize Business in the Virtual Economy
- 2 years 11 months ago
- Fundraising News, Cryptocurrencies, Fraud Detection
Online retailers of FinTech products, cryptocurrencies, NFTs, games, and others sacrifice 30% of sales due to fraud suspicions. nSure.ai’s real-time fraud protection intelligence reduces decline rates by 90%, using merchant-specific data to approve up to 98% of transactions.
Sumsub Launches NFC Verification to Make Online ID Checks 99% Secure
- 2 years 12 months ago
- Data Protection, Fraud Detection
Near-field communication (NFC) verification technology lets businesses stay compliant with AML/KYC requirements by preventing identity fraud and protecting personal data. As a result, NFC-based ID checks are gaining popularity around the globe. Sumsub, a tech company that fights money laundering and online fraud, has recently added NFC-based checks to its online verification solution in order to enhance quality and security.
Key Fraud Trends and How to Prepare for the Future
- 3 years 1 day ago
- Fraud Detection
Large, all-encompassing historical events have the ability to change the way that society operates. These changes happen rapidly, but our adaptability ensures a sense of normality in unusual circumstances.
