Across the British financial services ecosystem there seems to be one word dominating conversations at the moment – fraud. The risks of fraud and how to prevent it have become the subject…
Tag: prevention
Monzo reacts to UK fraud threat with trio of prevention features
Source: Monzo Monzo has added new fraud prevention tools at a time of heightened regulatory and industry focus on the impact scams are having on UK consumers. The UK’s largest digital bank…
Jumio reveals faith in AI-related fraud prevention tools is paramount for customers
credit: Shutterstock Identity verification firm Jumio has revealed that consumers are placing more and more attention on banks’ ability to protect them from various fraud attacks. In its annual Online Identity Study,…
Swift to test out AI’s fraud prevention prospects
Credit: Sergei Elagin / Shutterstock Artificial Intelligence (AI) integration in finance is continuing at a global scale, with Swift announcing two experiments with its member banks to examine the technology’s use. As…
PayUK praises fraud prevention pilot ahead of new reimbursement rule
Credit: a-image / Shutterstock Amidst a heightened regulatory spotlight on fraud, PayUK’s prevention and detection pilot has been making strong progress according to the results from its first year of operations. The…
AI making a huge splash in Mastercard’s fraud prevention efforts
Credit: Victor Maschek / Shutterstock Mastercard is further stepping up its use of Artificial Intelligence (AI) to counter fraud, leveraging the technology to scan transaction data across cards and merchants. The US…
Featurespace joins The Knoble crime prevention initiative
Credit: Valery Evlakhov / Shutterstock Fraud and fintech prevention technology developer Featurespace has become the latest member of The Knoble, a cross-sector anti-human crime association. The duo have mapped out a joint…
Visa powers three ‘adaptive’ fraud prevention solutions with AI
Image courtesy of NicoElNino via Shutterstock.com Visa has added three new AI-powered risk and fraud prevention solutions to its services business as part of its end-to-end Visa Protect suite. The new products,…