Tag: Fraud

Over 90% of European FinTech companies plan to adopt AI-enabled risk decisioning to combat fraud, according to a study by risk decisioning software developer Provenir.

NICE Actimize has launched its X-Sight Entity Risk SaaS solution, which produces a single risk score that enables a financial institution to get a deeper understanding of clients.

When monitoring transactions, the huge amount of data being directed at companies can sometimes become too much. With such a high level of data coming at these businesses, this can lead the data to become tangled and hard to break down in a more simple, readable way.

Experian has warned consumers and businesses to be cautious this Black Friday and Christmas as a surge in fraudulent activity is expected.

Buy now, pay later (BNPL) transactions have increased by 182% in 12 months, but as Black Friday looms, LexisNexis Risk Solutions has warned the risk of fraud is high.

A recent whitepaper by KYC and AML software providers Themis and Encompass Corporation has found financial services’ companies worldwide lost over £1m due to financial crime deficiencies last year.

Over three-quarters of banking and FinTech executives are concerned about strength of current identity authentication methods, according to a study from authID.ai.

Payments giant Visa has chosen RegTech company Callsign to be its proffered behavioural biometric digital and device intelligence identity provider.

Online card fraud has increased by 23% in the past quarter as more people use online transactions.

A report by Outseer has found the presence of rogue mobile banking apps increased 140% compared to the same time in 2020.