Tag: Fraud prevention

The UK Home Office has issued guidance pertaining to the newly introduced offence of failure to prevent fraud by the Economic Crime and Corporate Transparency Act 2023, set to be enforced in nine months.

Sift, a leading AI-powered fraud prevention platform, has introduced significant updates to its Fraud Industry Benchmarking Resource (FIBR), a free online tool designed to provide key fraud metrics across various industries, geographies, and timeframes.

Payfinia, an independent payments company committed to democratising instant payments, has launched the Payfinia Credit Union Service Organisation (CUSO).

Mollie, one of Europe’s fastest-growing financial service providers, has announced its official expansion into the Italian market, marking a significant milestone in its mission to streamline payments and money management for businesses across Europe.

Fraud protection and resolution are becoming essential components of the customer experience in banking, particularly as financial fraud rates continue to rise.

Jumio, a leading provider of automated, AI-powered identity verification, compliance, and risk management solutions, has entered into a strategic partnership with LatticeFlow AI, a Swiss-based company dedicated to enhancing the safety and trustworthiness of AI systems.

Fraud risk management is critical in safeguarding an organization's assets and reputation by identifying, assessing, and controlling fraud risks.

Nium, a pioneer in global payment infrastructure, has introduced Nium Verify, a cutting-edge real-time bank account verification solution.

Socure has announced its acquisition of Effectiv, a dynamic real-time risk decisioning firm, for a total of $136m.

Tookitaki, a leader in anti-financial crime software, has recently secured a strategic investment from True Global Ventures (TGV) Opportunity Fund.