Tagged: fraud prevention

Regtech Socure, the Provider of AI for Digital Identity Verification, Announces Key Update

Socure, the provider of Artificial Intelligence for digital identity verification, sanction screening and fraud prevention, announced its Socure ID+ platform has achieved the “In Process” designation from the Federal Risk and Authorization Management Program (FedRAMP) and is now “listed on the FedRAMP Marketplace.” Socure’s ID+… Read More

Vesta and Fintech Stripe to Help Increase Authorizations, Safeguard Clients from Fraud

Vesta, a transaction guarantee platform, announced a partnership with Stripe, a financial infrastructure platform for businesses, in order “to enable a comprehensive fraud prevention and risk protection solution that indemnifies merchants from losses from fraudulent transactions.” Under the partnership, Vesta Payment Guarantee, which “provides 100%… Read More

Regtech Socure Introduces Synthetic Fraud Solution

Socure, the provider of Artificial Intelligence for digital identity verification, fraud prevention, and sanctions screening has launched Sigma Synthetic Fraud v4. The product uses advanced machine learning and diverse, third-party and network feedback data “to uncover patterns linked to insidious synthetic identity fraud.” The Deloitte… Read More

Apiture, DefenseStorm Offer Real-Time Fraud Protection for Financial Institutions

Apiture, a provider of digital banking solutions, announced the introduction of enhanced fraud detection through a partnership with DefenseStorm, provider of the only built-for-banking cyber risk management platform. Integrated with the Apiture Digital Banking Platform, the DefenseStorm GRID Active Fraud Detection solution “protects financial institutions… Read More

Fintech Featurespace Launches Large Transaction Model Using Generative AI for Financial Services

Featurespace, the enterprise grade technology that prevents fraud and financial crime, has launched TallierLTM– the Large Transaction Model (LTM). TallierLTM, a foundation AI technology for the payment and financial services industry, “is a large-scale, self-supervised, pre-trained model designed to power the next generation of AI… Read More

nSure.ai and Justt to Improve Fraud Prevention, Chargeback Management for Gaming, Crypto

nSure.ai, an innovator in AI-driven fraud prevention, and Justt, a firm focused on smart chargeback automation, today announced a new partnership. This collaboration will aim to “provide fraud protection and chargeback management capabilities tailored for high-risk digital transactions in gaming, gift card, and cryptocurrency.” As… Read More

Regtech Jumio Streamlines Identity Verification with Fraud Prevention Tech

Jumio, the provider of automated, end-to-end identity verification, risk assessment and compliance solutions, today unveiled at Money20/20 USA Jumio 360° Fraud Analytics, its new fraud-fighting technology that uses AI-driven predictive analytics to identify fraud patterns with more sophistication and accuracy than ever before. According to… Read More

Revolut Announces Expansion of Financial Crime Prevention Operations, Hires Additional Staff Members

Revolut, the global financial superapp with more than 35 million customers worldwide, has revealed a significant expansion to its Financial Crime (FinCrime) headcount, doubling its size since 2021. Recognizing the critical role of human intelligence in fraud detection and prevention, alongside technology and AI, Revolut… Read More

Cleafy Secures €10M via Round Led by United Ventures to Support Secure Digital Banking Ecosystem

Cleafy, a technology company specializing in proactive fraud prevention for digital banking, has secured €10 million in funding led by United Ventures through the fund UV T-Growth. The investment round will support Cleafy’s expansion “into new markets and further development of its technology platform.” The… Read More

CertifID Secures $20M via Series B to Protect Real Estate Industry from Fraud

CertifID, a wire fraud protection company, today announced $20M in new funding. CertifID’s Series B raise was led by Arthur Ventures, which also invested in CertifID’s $12.5M Series A in May 2022. CertifID’s Series B investment round comes on “the heels of strong adoption of… Read More

Financial Infrastructure Fintech Plaid Helps Scholar Fund with Adding Anti-Fraud Measures to Application Process

Scholar Fund is a non-profit offering education, workforce placement, and financial assistance for underserved communities. Recently, they managed the application and distribution of “a $5 million fund supporting over 6,000 Washington families and 20,000 children that are 200% below the poverty line.” To make this a… Read More

Australia: Westpac Announces New Digital Payment Security Features to Help Combat Losses from Scams

Westpac has shared new scam prevention measures for its clients. Westpac recently announced new digital payment security features “to help combat scam losses.” In an Australian banking “first,” Westpac will “integrate its sophisticated fraud detection systems with its digital payment platforms to help customers identify… Read More

DataVisor, Q6 Cyber to Improve Fraud Detection

DataVisor, a real-time fraud and risk management platform using AI and machine learning, recently partnered with Q6 Cyber, a cyber and fraud threat intelligence provider. Together, they will centralize relevant threat intelligence data in a single platform to increase fraud detection accuracy. The companies said Q6… Read More

Eltropy Video Banking Helps InRoads Credit Union to Combat Fraudulent Activities

InRoads Credit Union, which claims to be a leader in innovative member experiences and an Eltropy customer, recently shared that by leveraging Eltropy‘s Video Banking solution, the Portland, Ore.-based credit union “achieved a 0% fraud rate, effectively safeguarding members and defeating fraudulent impersonations.” Kim Preston,… Read More

Regtech: Magic Selects Onfido to Automate KYC for Marketplace with AI-powered ID Verification

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

Digital Identity: Socure Challenges Government Agencies to Test ID Verification Solution Against Legacy Approaches

Socure, the provider of digital identity verification and fraud solutions, launched “The Socure Identity Challenge” to advance accurate and equitable digital identity verification in government. Federal, state and local government agencies are invited “to take the challenge and learn how new approaches to digital identity… Read More

Fraud Prevention: FiVerity Supports Banks with Anti-Fraud Collaboration Platform

FiVerity, the provider of Anti-Fraud Collaboration solutions, today announced new platform features designed to help the financial industry fight back against fraud. FiVerity also announced it is “opening the network to an initial 200 small and medium-sized financial institutions, providing approved businesses with free access… Read More

Real-Time Payments Fraud Detection Feature Introduced by Jack Henry

Jack Henry (Nasdaq: JKHY) announced the launch of Payrailz Fraud Monitor, a cloud-native, AI-based feature of the Payrailz Digital Payments Platform that “provides real-time fraud detection when payment transactions are initiated.” This customizable, proprietary feature “supports person-to-person (P2P) payments, consumer and business bill payments, and… Read More

Fraud Prevention Platform Sift Expands Partner Program, Enhancing Digital Trust, Safety Delivery to New Regions

Sift, a firm focused on Digital Trust & Safety, announced a significant expansion of its worldwide partner program. The Sift Partner Program “extends Sift’s fraud prevention platform to a network of businesses worldwide, and across key industry verticals.” The expanded program “supports business models and… Read More

Identity Verification, Regtech: iDenfy, Fincapital Partners to Provide Automated KYC, AML Checks

iDenfy, an AI-enabled identity verification, and fraud prevention tech startup, announced its partnership with Fincapital Partners, an all-in-one banking and asset management platform that offers comprehensive financial services. The company will “leverage iDenfy’s advanced KYC and AML solutions to deliver a seamless customer onboarding process.”… Read More

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