Tag: Fraud

New rules set by the Payment Systems Regulator will require UK banks to provide transparent data on how they are protecting customers from push payment fraud.

European PayTech provider for marketplaces and platforms MangoPay is snapping up AI fraud detection and prevention company Nethone.

As the financial market hits a very turbulent period, the risk of financial crime will only increase. But how can firms ensure they are prepared???

In an age where the average person now conducts the majority of their payments either online or digitally, the scourge of transaction fraud has become an even bigger threat.

Online fraud prevention company SEON has launched a ‘forever free’ version of its fraud prevention platform to better help online businesses be protected.

Fraud complaints to the Financial Ombudsman Service (FOS) soared during the Covid-19 pandemic, 44% higher in 2020 compared to 2019.

Cloud-based payments service provider Checkout.com has launched Fraud Detection Pro, a solution aimed at solving the challenge of online payments fraud.

Combating fraud continues to be a major challenge in the UK. Last year, over £1.3bn was stolen by fraudsters in the UK in 2021, according to Feedzai. However, technology is still making a change.

Total revenue generated by travel and expense (T&E) management is expected to reach $16bn by 2027, rising from $8.7bn in 2022.

Cybersecurity platform CyberloQ Technologies has formed a strategic collaboration for its proprietary MFA technology with Pannovate’s Banking Orchestration Platform.