Sumsub Launches Advanced Deepfakes Detector
- 10 months 3 weeks 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
- 11 months 2 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.
Fintech & Fraud: Brits Think Financial Fraudsters Have an Easy Ride with the UK Justice System
- 11 months 2 weeks ago
- Fraud Detection
Brits think white-collar criminals have an easy ride in the UK, with fraudsters not being brought to justice. In fact, 59 per cent believe that if they were to report an incident of white-collar crime to the police or a relevant body, nothing would be done about it.
2023 Chargeback Field Report: Friendly Fraud, First-Party Misuse Skyrockets to Pandemic Levels, Industry Survey Reveals
- 11 months 2 weeks ago
- Fraud Detection
Chargebacks911, the first company dedicated to providing chargeback remediation services to the world’s largest banks and businesses, released its 2023 Chargeback Field Report, giving retailers and fi
New Digital Fraud Statistics: Forced Verification and Deepfake Cases Multiply at Alarming Rates in the UK and Continental Europe
- 11 months 2 weeks ago
- Fraud Detection
Sumsub, a global verification platform providing customisable Know Your Customer (KYC), Know Your Business (KYB), transaction monitoring, and Anti-Money Laundering (AML) solutions for the whole customer journey, today releases new fraud statistics for the United Kingdom and Europe, highlighting that forced verification and deepfakes are on the rise.
Teradata and FICO Partner to Reduce Fraud, Improve Business Outcomes
- 12 months 1 day ago
- Fraud Detection
Teradata and FICO, the analytics software provider, today announced they plan to bring to market integrated advanced analytic solutions for real-time payments fraud, insurance claims, and supply chain optimization. Bringing data, analytics and insights together in one environment streamlines the development of solutions for use cases across industries, speeding time-to-delivery and making them available for joint customers sooner.
ComplyAdvantage Takes on Payment Fraud with New AI-powered Solution
- 12 months 4 days ago
- Fraud Detection
Criminals have never had more avenues through which to defraud people. This has been fueled by the proliferation of technology ranging from instant messaging to new forms of remittance, like P2P and real-time payments. That’s why ComplyAdvantage, the leader in financial crime intelligence, today announces the launch of Fraud Detection, its new solution that uses machine learning algorithms to detect and prevent the menace of transaction-related... more
UK Lost Over £1.2B to Fraudsters in 2022
- 1 year 4 days ago
- Fraud Detection
The UK lost £1.2 billion to fraud in 2022, with three million scams taking place, according to new data from banking and finance industry group UK Finance. The Annual Fraud Report detailed losses of over £2,300 every minute, with 78 per cent of cases occurring online, targeting unsuspecting Brits.
FinCrime Prevention Company, SEON, Accelerates US Growth With New CRO Hire
- 1 year 2 weeks ago
- Fraud Detection
FinCrime prevention technology expert, SEON, has added considerable expertise to its ranks with the hire of new Chief Revenue Officer (CRO), Matt DeLauro. Matt will help the company as it works to prevent more online financial crime globally, leveraging his previous experience as CRO and General Manager of Extend.
iProov and Authsignal Partner to Offer Enhanced Online Fraud Prevention
- 1 year 2 weeks ago
- Fraud Detection
iProov, the world leader in facial biometric authentication technology, and Authsignal, provider of the leading global fraud automation platform, today announced a new partnership focused on protecting consumers and enterprises from fraud across the U.S., Europe and Asia Pacific regions.
Armalytix Launches New Tools to Help Firms Avoid Fraud & Punishment
- 1 year 3 weeks ago
- Fraud Detection
Armalytix, a cutting-edge fintech company that streamlines financial insights for financial crime and risk checks to the professional, financial services and gambling sectors, announced today the launch of Income and Risk Insights.
Radicant Chooses Netguardians’ Ai Anti-Fraud Software to Bolster Payment Protection
- 1 year 3 weeks ago
- Fraud Detection
radicant bank ag (radicant) is the first digital sustainability bank in Switzerland strategically aligned with the 17 UN Sustainable Development Goals (SDGs). To ensure the efficient and secure processing of its clients’ digital transactions, radicant has selected award-winning Swiss FinTech NetGuardians’ software for enhanced payment protection.
Economic Crime Commitment Continued with Home Office Fraud Crackdown
- 1 year 1 month ago
- Fraud Detection
The Home Office has introduced a new crackdown on fraud to protect businesses and consumers as part of the Government’s commitment to tackling financial crime. As part of a failure to prevent fraud offence, organisations must demonstrate their deterrence measures should fraud be committed by an employee. Failure to do so risks an unlimited fine.
Fraudsters are Underestimating the Power of AI to Detect Fake IDs, Says New Ondato Report
- 1 year 1 month ago
- Fraud Detection
Fraudsters are underestimating the power of AI to detect fake IDs, according to a new report from Ondato, a London-headquartered technology company that streamlines Know Your Customer (KYC) and anti-money laundering (AML) processes.
