Tagged: fraud detection

October 31, 2025 @ 1:05 am By Tony Zerucha  |  

Tipalti, an AI-powered platform for finance automation, today released The Global Finance Outlook: Are Teams Equipped for Today’s Economy?, revealing a stark reality for finance professionals: the pace and complexity of global business are accelerating faster than most finance teams can manage. Based on a survey… Read More

August 17, 2025 @ 4:17 pm By Tony Zerucha  |  

Cyberscope, the Web3 security arm of TAC InfoSec Limited (NSE: TAC), a provider of cybersecurity and vulnerability management, has filed a patent for Cyberscope Cyberscan in the United States, an AI-optimized, multi-domain blockchain trust scoring and fraud detection platform. It is designed to give investors, exchanges, and regulators a real-time, verifiable trust score for every blockchain project, turning fragmented, manual… Read More

April 23, 2025 @ 8:00 am By Tony Zerucha  |  

MoneyThumb, a provider of automated document evaluation and fraud detection solutions, was recently awarded a U.S. patent for its Thumbprint® product, an AI-driven technology that enables the authentication of third-party PDF documents. Small business loan application fraud is a critical problem that leads to significant… Read More

April 19, 2025 @ 10:49 pm By Michael Wong  |  

A newly launched research initiative is exploring the potential of voice‑based technologies to improve fraud detection in digital financial systems. The project, drawing on human‑computer interaction and user behavior modeling, investigates how speech‑driven identity verification can strengthen authentication processes while preserving a seamless user experience…. Read More

March 13, 2025 @ 12:34 pm By Omar Faridi  |  

Visa (NYSE: V), a global provider of payment technology, unveiled its scam disruption practice focused on identifying and stopping complex scams as they emerge. The new department, which sits under Visa Payment Ecosystem Risk and Control (PERC), has reportedly saved victims “$350 million across dozens… Read More

January 23, 2025 @ 10:48 am By Omar Faridi  |  

Persona, a global identity platform, announced significant advancements in its AI-based face spoof detection capabilities. These updates strengthen Persona’s ability to detect and “prevent increasingly sophisticated generative AI fraud techniques.” AI-based face spoofs – such as deepfakes, synthetic faces, and face morphs – have “enabled… Read More

November 24, 2024 @ 6:00 pm By Tony Zerucha  |  

According to the latest Global State of Fraud and Identity Report from LexisNexis Risk Solutions, banks and online retailers can significantly improve their ability to capture hard-to-detect high-risk fraudulent transactions by combining shared fraud intelligence into their risk assessments. Examples include a US bank that… Read More

March 4, 2024 @ 8:21 am By Tony Zerucha  |  

DataVisor, an AI-powered fraud and risk platform, this week announced the launch of a solution designed to detect fraud and financial crimes more effectively while upholding sponsor bank compliance in the face of evolving regulations for Banking-as-a-Service (BaaS) offerings. The solution for sponsor banks replaces… Read More

February 22, 2024 @ 9:17 am By Omar Faridi  |  

Revolut, the UK’s fintech with more than 35 million customers worldwide, has recently announced the launch of an advanced scam detection feature to help protect customers from card scams. Revolut customers can now experience “an added layer of security protection, on top of the technology… Read More

November 17, 2023 @ 6:11 pm By Omar Faridi  |  

Holiday shopping season is a favorite time of year for many, but as consumers everywhere start preparing to open their wallets ahead of Black Friday, “a new type of threat has begun rearing its ugly head: AI-based fraud.” The recent boom in AI capabilities and… Read More

November 9, 2023 @ 10:41 pm By Omar Faridi  |  

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

September 23, 2023 @ 5:59 pm By Tony Zerucha  |  

CoinScan, a crypto analytics platform built to give traders an edge in the market with free in-depth charting and safety features, this week emerged from stealth with $6.3 million in funding to fuel product development and expansion. CoinScan is the first product from CryptoHub, a Web3 company focused on… Read More

June 30, 2023 @ 7:58 am By Omar Faridi  |  

Treasury Prime, an embedded banking software company, announced its strategic partnership with Sardine, an all-in-one fraud detection, compliance, and risk management platform. This collaboration will empower companies and financial institutions within Treasury Prime’s multi-bank network “to leverage Sardine’s Sponsor Bank Operating System, offering turnkey fraud… Read More

June 25, 2023 @ 12:33 pm By Omar Faridi  |  

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

June 2, 2023 @ 3:17 pm By Omar Faridi  |  

Quantinuum, which claims to be one of the world’s largest quantum computing companies, and HSBC are pleased “to announce a series of exploratory projects that exploit the potential near- and long-term benefits of quantum computing for banking with specific projects in cybersecurity, fraud detection, and… Read More

May 14, 2023 @ 11:44 am By Omar Faridi  |  

ThreatFabric, a provider of fraud detection solutions & intelligence for the financial services sector, has raised €11.5 million in a seed round “to expand its technical capabilities and support the company’s growth.” Specifically, the funds were secured “to increase ThreatFabric’s international expansion and extend its… Read More

May 10, 2023 @ 12:22 pm By Omar Faridi  |  

CMFG Ventures, the venture capital arm of CUNA Mutual Group, has announced a strategic investment in DataVisor, a global firm focused on online fraud detection and risk management for financial services and ecommerce, as they expand their services into the credit union market. Credit unions… Read More

May 6, 2023 @ 1:23 pm By Omar Faridi  |  

Fraud prevention firm Moonsense announced they have raised $4.2 million in seed funding and the general availability of its user behavioral and network intelligence solution to help organizations future-proof their fraud detection and prevention. Moonsense’s new approach “allows companies to better customize fraud management based… Read More

May 6, 2023 @ 10:19 am By Omar Faridi  |  

Equifax (NYSE: EFX) is introducing a new Kount Essentials fraud detection and prevention application on the Shopify App Store. Specifically designed to address the fraud challenges faced by the platform’s millions of small business merchants, this enhanced technology is easy “to implement and customize for businesses… Read More

March 24, 2023 @ 4:59 am By Omar Faridi  |  

Following the acquisition of fraud detection company Nethone in November 2022, Mangopay continues strengthening its payment flow capabilities “by acquiring WhenThen, a payment orchestration and payments automation platform, providing powerful payment acceptance and payment operations to marketplaces and platforms big and small.” Just four months… Read More