Tagged: fraud mitigation

July 25, 2023 @ 10:18 pm By Omar Faridi  |  

Onfido, which claims to be the global leader in automated identity verification, today announced a partnership with Magic, an innovative Know Your Customer (KYC) marketplace company, to provide document and biometric verification to streamline KYC processes and help mitigate fraud. Magic is building “Sign-up with… Read More

May 12, 2023 @ 5:14 pm By Omar Faridi  |  

Swissquote, which claims to be among Switzerland’s leading online banks, has chosen NetGuardians in order “to enhance fraud mitigation and comply with the AML requirements.” The NetGuardians AI-based financial crime solutions will “monitor all transactions at the bank and on the digital finance app ‘Yuh’,… Read More

March 7, 2023 @ 7:47 pm By Omar Faridi  |  

Fiserv, Inc. (NASDAQ: FISV), a global provider of payments and financial services technology solutions, introduced a new fraud mitigation solution designed to simplify how large enterprises manage omnichannel risk. Accessible through the Carat global commerce platform, the modular solution empowers merchants with controls that can… Read More

September 11, 2022 @ 10:23 pm By Omar Faridi  |  

Standard Chartered (LON: STAN) has completed an “industry-first” pilot testing of the Trade Financing Validation Service provided by MonetaGo over SWIFT, “to mitigate the risks of duplicate trade finance fraud on a global scale.” With a view to effectively detecting, deterring and preventing duplicate financing,… Read More

July 27, 2022 @ 10:32 pm By Omar Faridi  |  

Equifax (NYSE: EFX) is expanding its global footprint in digital identity and fraud prevention with “a definitive agreement to acquire Midigator LLC, a provider of post-transaction fraud mitigation solutions.” With the rise of global ecommerce sales, “expected to hit $5.5 trillion in 2022, transaction disputes… Read More

March 10, 2020 @ 4:39 pm By Omar Faridi  |  

A study recently published by Juniper Research has revealed that total spending on artificial intelligence (AI)-enhanced platforms and solutions will surpass $15 billion by 2024. Juniper Research’s latest study, titled AI Strategies for Network Operators: Key Use Cases & Monetisation Models 2020-2024, noted that only… Read More