Anti-Fraud

In the data-driven epoch, secure, adaptable, and scalable fraud prevention systems hold immense significance, especially for financial institutions handling sensitive data and massive amounts of money. The scalability of these systems, often overlooked, is crucial not only to handle the present volume of transactions but also to accommodate growth over the upcoming years.

Pay.UK, a central infrastructure provider for payment services in the UK, has declared a unique partnership with global payments giant, Visa, predictive analytics company, Synectics Solutions, and AI-based fraud prevention firm, Featurespace.

Feedzai, the trailblazer of the world's inaugural RiskOps platform for financial risk management, has formed an alliance with Portugal's prominent banking entity, Novobanco.

Sumsub, a prominent player in the anti-fraud industry, continues to strengthen its position, announcing the launch of an enhanced deepfakes detection tool.

Wallife, the Italian InsurTech, has taken a bold step to protect UK consumers from the ever-growing risk of online threats. Known for its innovative insurance...

As cryptocurrencies become increasingly popular, the risk of scams targeting investors has grown. In response, Commonwealth Bank (CBA) has launched new safety measures aimed at safeguarding its customers. The bank will now impose restrictions, delays, and limits on certain payments to cryptocurrency exchanges.

Pasabi, the UK Trust & Safety platform, is primed to expand its global footprint, having successfully secured a multi-million-dollar investment.

The concept of FRAML, the integration of Fraud and Anti-Money Laundering (AML), is radically altering the outlook of risk management and compliance in the financial sector. A recent webinar, led by the Electronic Transactions Association (ETA) and sponsored by Hawk AI, engaged a panel of Fraud and AML professionals to dissect the benefits and hurdles of FRAML.

Palo Alto-based company, Quantifind, known for providing AI-powered risk intelligence automation to the world's foremost organisations, has unveiled its ground-breaking AI solution designed to enhance the proactive screening for potential threats.

London-based ComplyAdvantage, the forerunner in financial crime intelligence, is stepping up the fight against payment fraud with the launch of its novel AI-powered solution, Fraud Detection.