MCB Bank Partners with BPC to Strengthen Digital Security with AI-Powered SmartVista Fraud Risk Management Solution
- 1 year 2 months ago
- Fraud Detection
MCB Bank Limited (MCB), one of Pakistan's leading banks, has selected BPC, a global leader in payment solutions, to strengthen the security of its digital channels by
Finix and Sift Introduce Advanced Fraud Monitoring, Enabling No-Code, AI-Powered Transaction Security
- 1 year 2 months ago
- Fraud Detection
Finix, the full-stack payment processor enabling businesses to accept and send payments online and in-store, today unveiled Advanced Fraud Monitoring, a new no-code capability powered by Sift to help businesses better detect, monitor for, and p
Sift Unveils Critical New Metrics in Fraud Industry Benchmarking Resource (FIBR)
- 1 year 2 months ago
- Fraud Detection
Sift, the AI-powered fraud platform securing digital trust for leading global businesses, today announced the release of new insights to the Fraud Industry Benchmarking Resource (FIBR), a free online tool powered by Sift that allows anyone to access key fraud metrics across industries, geographies, and time.
Strengthening Consumer Protection: New PSR Rules on APP Fraud
- 1 year 3 months ago
- Fraud Detection
The Payment Systems Regulator (PSR) introduced new rules aimed at tackling the rising threat of Authorised Push Payment (APP) fraud. For banks and financial institutions, this regulatory shift is more than just an obligation—it’s a moment to lead, innovate, and enhance customer trust. In the fight against online banking fraud, this regulatory update highlights the critical need for financial institutions to harness shared threat intelligence,... more
Deepfake Fraud Costs the Financial Sector an Average of $600,000 for Each Company, Regula’s Survey Shows
- 1 year 3 months ago
- Fraud Detection
Regula, a global developer of forensic devices and identity verification solutions, reveals new survey findings, “The Deepfake Trends 2024.” The stats highlight the financial impact deepfake fraud has on businesses across industries and countries. While the average loss for most organizations reached $450,000, the Financial Services sector experienced a greater burden, exceeding $603,000.
Worldline Partners With Visa Acceptance Solutions To Deliver Data-Driven Fraud Management Solution
- 1 year 3 months ago
- Fraud Detection
Worldline, a global leader in payment services, has announced plans to collaborate with Visa Acceptance Solutions, to launch an optimized fraud management solution. The relationship leverages both companies’ extensive transactional data and expertise, augmenting Worldline’s payment services with Cybersource Decision Manager solution to provide businesses with powerful fraud detection across industries.
Trulioo Launches Global Fraud Intelligence Capability
- 1 year 4 months ago
- Fraud Detection
Trulioo, an industry-leading identity platform with proven global coverage for person and
Almost All Banks Rule Out Guaranteed Full Refunds for APP Fraud Losses
- 1 year 4 months ago
- Fraud Detection
New fraud protections have come into effect today (7th October), and the personal finance comparison site
“It Simply Isn’t Good Enough” - Revolut Calls for Meta to Commit to Sharing Reimbursement of Fraud Victims
- 1 year 4 months ago
- Fraud Detection
Revolut, the global fintech with over 45 million global customers, is calling on Meta to commit to sharing reimbursement of fraud victims, arguing that its recently announced data-sharing partnership with UK banks and financial institutions falls woefully short of what’s required to tackle fraud globally.
Numerated Partners with Alloy to Supercharge Fraud Prevention in Commercial Lending
- 1 year 4 months ago
- Fraud Detection
Numerated, the leading AI-driven commercial lending platform, today announced its partnership with Alloy, the identity risk management company trusted by over 600 leading banks, credit unions and fintech companies, to deliver best-in-class fraud checks within commercial lending. This strategic partnership will supercharge Numerated's lending automation capabilities by combining cutting-edge risk management with advanced automation, providing... more
UK Urged to Lead Cross-Border War on £420 Billion “Fraudemic” Sweeping the Globe
- 1 year 4 months ago
- Fraud Detection
The Social Market Foundation (SMF) – a cross-party think tank – in partnership with Santander UK, have today published the first-of-its-kind ‘Fraud Threat Prevalence Report’. Through data from a survey spanning 15 countries and 28,000 respondents, the SMF has revealed the global nature of the ‘fraudemic’, and the action that the UK must take to address it1.
FICO and Jersey Telecom Collaborate to Tackle Authorized Push Payment Fraud
- 1 year 4 months ago
- Fraud Detection
In the fight against the growing problem of financial scams, global analytics software leader FICO has collaborated with Jersey Telecom (JT) to develop a powerful solution that enables direct, near real-time intervention to protect customers.
FICO Solutions Help Bank Mandiri Slash Fraud by 80% on Cards and 85% on Digital App as Digital Channels Boom
- 1 year 4 months ago
- Fraud Detection
Bank Mandiri, Indonesia’s largest financial institution, is using the industry-leading capabilities of
Trustly: Nearly £60 Million Stolen in Card Fraud in Past 3 Years
- 1 year 5 months ago
- Fraud Detection
Almost £60 million has been reported stolen through card fraud over the past three years in the UK according to new research from Trustly, the global leader in open banking payments. The figures were obtained via a freedom of information request sent to the National Fraud Intelligence Bureau run by City of London Police.
