UK Businesses Modernising to Enhance Security and Counter Fraudulent Activity
- 1 year 2 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 2 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 2 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 2 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 3 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 3 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 3 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 4 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 4 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.
Felix Pago Improves Trust in Cross-Border Payments by Leveraging SEON
- 1 year 4 months 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
- 1 year 5 months 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
- 1 year 5 months 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
- 1 year 5 months 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
- 1 year 5 months 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
- 1 year 5 months 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%.
