Feedzai Unveils RiskFM AI Foundation Model for Financial Crime Prevention
- 4 months 4 weeks ago
- Fraud Detection
Feedzai, the global leader in AI-native financial crime prevention, today unveiled RiskFM (Risk Foundation Model), the industry’s first Tabular Foundation Model purpose-built for financial data and risk decisioning.
ComplyCube Launches Expanded Fraud Intelligence Suite to Enhance Real-Time Fraud Detection
- 5 months 3 days ago
- Fraud Detection
ComplyCube, a global digital identity and compliance platform, has today launched an expanded Fraud Intelligence suite designed to help organisations detect and stop fraud earlier in the customer journey.
TSB Bank Warns Over ‘Cruel’ Spate of New ‘Friendship Fraud’ Cases Targeting Older and Vulnerable People
- 5 months 4 days ago
- Fraud Detection
TSB is warning the public over a spate of ‘friendship fraud’ cases in which cruel scammers are preying on older and vulnerable people’s loneliness and desire to seek a connection. New TSB data shows a series of recent scams in which criminals are using social media to lure people into online friendships, before extracting money that can range into the tens of thousands.
After the Scam: The Emotional and Financial Impact of Global Fraud
- 5 months 5 days ago
- Fraud Detection
Financial fraud is inflicting a deep and lasting emotional toll on consumers worldwide, with anger, anxiety and shame emerging as the most common responses among victims, according to new research from LSEG Risk Intelligence.
Feedzai Aligns With United Nations and INTERPOL at Global Fraud Summit, Pledging Support to Fight Cross-Border Financial Crime
- 5 months 6 days ago
- Fraud Detection
Feedzai, the leading AI-native RiskOps platform provider for end-to-end financial crime prevention, has pledged its commitment to actively engage in the fight against financial crimes with the United Nations Office on Drugs and Crime (UNODC) and Interpol during the Global Fraud Summit in Vienna on March 16 and 17.
Allianz UK Prevents Record Level of Fraud
- 5 months 1 week ago
- Fraud Detection
The sum of money saved in 2025 by the insurer’s dedicated fraud team totalled nearly1 £174 million – which is equivalent to over 650 fraud cases, recouping £3.3 million every week. In addition, fraud savings were up 10.5% compared to 2024, when Allianz recovered over £157 million.
New Disruption Unit Launched in Crackdown on Fraud
- 5 months 2 weeks ago
- Fraud Detection
Fraudsters will be stopped in their tracks by a new online crime squad, set up to disrupt the gangs behind Britain’s most pervasive crime. Launching operations in April, the new Online Crime Centre will bring together specialists from the government, police, intelligence agencies, banks, mobile networks and major tech firms to drive co-ordinated action against fraud.
Fraud Affects Men and Women Equally but Women Pay a Higher Price
- 5 months 2 weeks ago
- Fraud Detection
Financial fraud may appear gender-neutral, but its consequences are not. New research from Europe’s card issuing and processing powerhouse Enfuce reveals that despite similar rates of financial fraud, women suffer greater lasting emotional and financial damage.
Tech Giants Urged To Join Fight Against Soaring Scam Ads In UK
- 5 months 2 weeks ago
- Fraud Detection
Social media giants are being urged to join the fight against the soaring number of scam ads in the UK and to pay their fair share in combatting online fraud. The call comes ahead of the Government’s National Fraud Strategy, set to be published imminently. The Payments Association (TPA), wants a Home Office-led overhaul of how online fraud is fought in the UK and set out the sector’s view on the way forward and how to take action at its PAY360... more
One in Five Brits Admit to Committing Friendly Fraud, Research Finds
- 5 months 2 weeks ago
- Fraud Detection
One in five Brits (22%) have asked their bank for a refund within the past 12 months for legitimate items and services purchased, new research has found. While more than half (58%) of customers said they returned the money after realising their mistake, 36% ended up keeping the refund. Younger consumers were found to be far more likely to have filed false chargeback claims, with two in five people (40%) aged 16–24 admitting to doing so within... more
“I Didn’t Buy That, My AI Did”: A New Trend Emerges, Warns Chargebacks911
- 5 months 3 weeks ago
- Fraud Detection
Chargebacks911, a global leader in dispute resolution and chargeback prevention, is warning merchants and payments leaders that the rise of agentic commerce will reshape the amerbes nature of disputes, as AI systems move from recommending purchases to executing them.
Business Leaders Lose A Month To Fraud Each Year, As Demand For Better Payments Tech Surges
- 5 months 4 weeks ago
- Fraud Detection
Retail leaders are spending a full working month each year dealing with the ongoing fight against fraud, new research finds.
Visa Data Shows Airline Fraud Drops 2.9%, but Total Losses Rise to $77.7 Million
- 6 months 5 days ago
- Fraud Detection
Visa’s latest report reveals that European airline fraud losses have climbed to $77.7 million over the past year (VisaNet MIS Fraud Insights) even as overall fraud rates have declined by 2.9%. This rise has been driven by increasingly sophisticated cross-border operations, but as 99% of this fraud in the region now occurs through e-commerce, this gives airlines a significant opportunity to strengthen their defences.
Gr4vy Launches “Silent Mode” for Risk Management Services
- 6 months 2 weeks ago
- Fraud Detection
Gr4vy, the cloud-based payment orchestration platform, today announced the release of Silent Mode for its anti-fraud connectors, a new feature that lets merchants deploy multiple fraud detection services in parallel, enabling evaluation, warming up, or migration of new providers without disrupting live payment decisions or slowing checkout.
Equifax Launches Credit Abuse Risk Model To Help Protect Lenders Against the Rising Financial Impact of First-Party Fraud
- 6 months 2 weeks ago
- Fraud Detection
Equifax® today announced the launch of Credit Abuse Risk, a new predictive model that uses FCRA-regulated data and is designed to help protect lenders against first-party fraud and drive more confident lending decisions.
