FICO and Visma Connect Launch Partnership to Offer SaaS Anti Financial Crime Solutions in Western-Europe

Visma Connect, the leading Dutch critical payments services provider and FICO have launched a partnership to jointly deliver FICO’s best-in-class Anti-Financial Crime solutions for Know Your Customer (KYC), anti-money laundering (AML) and real-time sanctions screening to banks, FinTechs, payment institutions, PSD2 third-party providers and corporations.  Read more »

NatWest and Featurespace Partner for Real-Time, Enterprise-Wide Fraud Prevention and Transaction Monitoring

NatWest has agreed a strategic partnership with Featurespace to profile and monitor payments and account activity to prevent fraud and scams using Featurespace’s ARIC™ platform. The platform has the ability to detect and reduce third-party fraud losses and prevent overall fraud before the point of payment. Read more »

Finastra and NetGuardians team up on AI-powered financial messaging fraud detection

Today at Sibos 2019, Finastra has announced its partnership with Swiss Fintech, NetGuardians, which sees the two companies launching an AI-powered fraud detection solution for financial messaging. Tailored for Finastra’s SWIFT Service Bureau, the tool uses artificial intelligence and machine learning to identify fraudulent payments in real-time, stopping them before money leaves the bank or corporate organization. Read more »

FICO Opens AI Portfolio to Fight Next-Generation Fraud and Financial Crime

FICO® Falcon® X, announced today at the Finovate conference in New York, delivers groundbreaking AI and machine learning technology aimed at preventing new forms of fraud and financial crime that are enabled by the rapid adoption of real-time payments. Running on Amazon Web Services (AWS), FICO Falcon X streamlines both fraud detection and anti-money laundering processes — something banks and financial institutions worldwide are seeking. Read more »

Nets and KPMG Partner to Launch AI-Powered Payment Fraud Prevention Solution

Nets, a leader in the European payments industry, has collaborated with multinational professional services provider, KPMG, to develop Nets Fraud Ensemble, a next-generation fraud monitoring and prevention solution. Read more »

Arachnys and FICO Partner to Aid Financial Organisations in Managing Corporate KYC Requirements and Accelerating Compliance Processes

FICO, a leading analytics software firm and provider of financial crime compliance solutions, today announced a partnership with Arachnys, a leader in risk investigation solutions for client onboarding, Know Your Customer (KYC), customer due diligence & enhanced due diligence (CDD/EDD), and anti-money laundering (AML). Read more »

Zenus Bank Accelerates Transition to the Cloud with NICE Actimize Anti-Money Laundering and Fraud Essentials

 Leading the industry with solutions protecting challenger banks and digital financial services offerings, NICE Actimize, a NICE (Nasdaq: NICE) business and the leader in autonomous financial crime management, was selected by Zenus Bank, San Juan, Puerto Rico, to establish a cloud-focused financial crime strategy for both anti-money laundering compliance and enterprise fraud protections with its  Read more »

UK Banks Lead in Race to Merge Fraud, Financial Crime Operations

A new independent survey by research firm Ovum on behalf of global analytic software firm FICO has found that most banks plan to integrate their fraud and financial crime compliance systems and activities, in response to new criminal threats and punishing fines.  Responses show that UK banks are more advanced in their progress and ambitions than most countries surveyed. More information: https://www.fico.com/en/latest-thinking/ebook/united-... more Read more »

Exness partners up with Sumsub for fraud protection assistance and globally inclusive AML compliance

Scalable automated solution Sumsub provides trading market giant Exness with a unified gate to general AML/KYC due diligence, and regulatory compliance, slashing costs in half.  Read more »

Global Tech Leaders Introduce Revolutionary Way to Eradicate Invoice Fraud

The world's very first AI-powered invoice checker has been launched in a bid to help both large and small organisations minimise the risk of invoice fraud. The innovative new Check an Invoice tool uses artificial intelligence to 'learn' how to recognise incompatibilities and inconsistencies in invoice data, identifying and highlighting potentially fraudulent information that can easily be overlooked by corporate finance teams. Read more »

Nets announced the publication of The European Fraud Report.

 Financial institutions should take a more holistic approach to fraud prevention or risk losses spiralling out of control, according to a new report published by European payments industry leader Nets. Read more »

Contis Establishes PSD2-Ready, Automated Fraud Detection in Record Time with Featurespace

Featurespace, the leading provider of Adaptive Behavioral Analytics for fraud detection and risk management, announced the seamless, 92-day, on-premise enterprise delivery of its ARIC Fraud Hub with Contis, an award-winning banking, payments and processing solution provider. Read more »

Ingenuous teams up with Keesing Technologies to prevent fraud

Melbourne-based Ingenuous and Amsterdam-based Keesing Technologies have signed a strategic partnership deal on 12 July 2019. Read more »

BRC and Chargebacks911 support retailers struggling with payment disputes

 The go-to trade association for all UK retailers, British Retail Consortium (BRC), is working with cutting-edge dispute processing and remediation company, Chargebacks911, to help its members better understand how to combat friendly fraud and chargebacks. Read more »

Brighterion and Elavon to Fight Fraud with Artificial Intelligence

While the global implementation of EMV chip technology has reduced fraud activity for card payments, the payment’s ecosystem is still battling the threat of new and emerging fraud payment schemes online. Brighterion, a Mastercard company, and Elavon, a global payments provider and subsidiary of U.S. Bank, have announced they will work together to integrate Brighterion’s advanced artificial intelligence (AI) platform into Elavon’s network to... more Read more »

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