Tag: Payment fraud

Payment fraud continues to rise in 2025, with platforms like Cash App under scrutiny after its parent company, Block, agreed to pay up to...

Payment fraud remains one of the most persistent threats to financial institutions and payment platforms in 2025. According to Resistant AI, earlier this year, Cash...

As digital payments continue to expand, financial institutions face the urgent challenge of preventing fraud before it occurs while maintaining seamless customer experiences. Traditional fraud detection methods, whether rules-based systems or machine learning models, are often too rigid or slow to identify today’s rapidly evolving fraud tactics, leading to either missed threats or excessive false positives that inconvenience genuine customers.

Digital payment fraud across Europe climbed dramatically in 2024, according to a new report from Tietoevry Banking.

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.

In its most recent product update, Sift has introduced ThreatClusters, a pioneering data science innovation designed to enhance fraud detection.

SymphonyAI has unveiled a cutting-edge Entity Resolution system designed specifically for the financial sector.

VendorInfo, a segment of the Financial Operations Networks (FON), is renowned for offering specialised self-service vendor portals. These portals provide precise and timely tools, ensuring security, controls, compliance, efficiency, and scalability.

NetGuardians, an enterprise risk platform to combat financial fraud, has been selected by BANK OF AFRICA to safeguard its assets in Morocco.

A whitepaper by the Emerging Payments Association (EPA) has detailed that a stronger focus on digital identity could help combat soaring cases of financial crime.