The ai Corporation Extends Collaboration With Shell to Utilise Cutting-edge Autopilot Machine Learning to Protect Shell Card Users From Fraud
- 7 months 1 week 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
- 7 months 2 weeks 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
- 8 months 5 days 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
- 8 months 1 week 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.
Felix Pago Improves Trust in Cross-Border Payments by Leveraging SEON
- 8 months 3 weeks ago
- Fraud Detection
Felix Pago, a US fintech that specializes in remittance payments, utilized SEON’s powerful phone and email lookup tool to cut its fraud rates to almost 0% while delivering a 100% improvement in detecting multi-accounting users and significantly lowering dropout rates experienced through the verification process. In doing so, the company’s solution has provided Felix Pago’s team with 90% more confidence in accepting or rejecting transactions.
Netguardians Chosen By Jordan’s Bank Al Etihad To Mitigate Financial Fraud Risk
- 9 months 3 days ago
- Fraud Detection
NetGuardians is to deploy its AI-enabled payment fraud prevention solution at Jordan-based bank, Bank al Etihad as the two institutions continue to counteract financial crime. By choosing to work with the award-winning Swiss fintech, Bank al Etihad will strengthen its fraud prevention capability, further mitigating the risk of fraudulent activity across all payment channels.
Feedzai Introduces Railgun: a Next-Generation Fraud Detection Engine, Featuring Advanced AI to Defend Millions of People from Surging Financial Crime
- 9 months 1 week ago
- Fraud Detection
Today Feedzai, a leading provider of financial crime and risk management solutions, is introducing Railgun, its next-generation AI engine designed to target and intercept financial fraud before it can occur.
AccessPay’s New Fraud & Error Prevention Suite Helps Corporates De-risk Their Payment Operations
- 9 months 1 week ago
- Fraud Detection
AccessPay, the leading corporate-to-bank integration provider, is pleased to announce the release of its new fraud and error identification tool, Detect.
Bottomline Launches Fraud Prevention for Payers
- 9 months 1 week ago
- Fraud Detection
Bottomline, a leading provider of financial technology that helps make business payments simple, smart and secure, today announced the launch of Pay.UK’s Payer Name Verification service, offered through Bottomline Payments Services Limited, which will provide businesses with greater assurance that payments are being collected from the named account holder when processing Direct Debits.
Latest UK Analysis Reveals Online Fraud Attack Volumes Nearly Doubled Last Year, But UK Fraudsters Have a Lower Success Rate than the Rest of the World
- 9 months 2 weeks ago
- Fraud Detection
UK fraud attack volumes nearly doubled in 2022 as the scam-demic continues, according to the latest online fraud analysis published by LexisNexis Risk Solutions. Around 36 million human-initiated fraud attacks were confirmed in the UK last year, a rise of 92% from the previous year. Globally the rate of growth was slower, at 56%.
E-commerce Fraud Crisis for UK Businesses and Beyond
- 9 months 2 weeks ago
- Fraud Detection
E-commerce fraud is growing fast and financially impacting businesses across the globe, according to new research from Ravelin.
FiVerity Empowers Community Banks and Credit Unions with Free Access to Newly Enhanced Anti-Fraud Collaboration Platform
- 10 months 1 day ago
- Fraud Detection
FiVerity, the leading provider of Anti-Fraud Collaboration solutions, today announced new platform features designed to help the financial industry fight back against fraud. FiVerity also announced it is opening the network to an initial 200 small and medium-sized financial institutions, providing approved businesses with free access to its Digital Fraud Network for a limited time.
Financial Service Providers Want Fraud Prevention Taught in Schools As Britain Becomes a Passwordless Society
- 10 months 2 days ago
- Fraud Detection
New research from LexisNexis Risk Solutions reveals that 94% of financial services providers think teaching fraud prevention in schools will better protect the UK public against the risks of fraud and financial crime. 88% of firms also said they believe that teaching online safety and digital literacy skills in school are now as important as maths and English.
Sumsub Launches Advanced Deepfakes Detector
- 10 months 6 days ago
- Fraud Detection
Sumsub, the global verification platform providing customizable KYC, KYB, transaction monitoring, and AML solutions for the whole customer journey, today announces the launch of its enhanced deepfakes detection technology into Sumsub’s liveness and deepfake detection solution.
Latest Report From FinCrime Prevention Company, SEON, Finds That Banks Are Getting A Better Grip On Fraud
- 10 months 3 weeks ago
- Fraud Detection
As the world turns increasingly towards fully digitized banking experiences, fraudsters are finding new digital lockpicks to crack electronic locks they face when accessing, buying, and exchanging money online. Now, online fraud and financial crime prevention platform, SEON has published its latest ‘Global Banking Fraud Index 2023’, which breaks down the biggest banking fraud trends affecting the market over the past 12 months.
