PYMNTS

NOVEMBER 22, 2017

It doesn’t mask murderous intentions with a calming voice like HAL of “2001: A Space Odyssey.” For instance, AI can detect fraudulent activity with much greater speed and accuracy than the human eye by watching for known fraud patterns and behaviors to flag suspicious transactions. Another use case is application processing.

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FICO

AUGUST 16, 2017

The most memorable scene in the film 2001: A Space Odyssey is when HAL 3000 turns off the life-support functions of the crew in an attempt to keep itself from getting disconnected. It has been 25 years since we got our first patent in application of AI for fraud detection in the payment card space.

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FICO

JULY 14, 2016

About 200 million of the 220 million reports collected since 2001 are required filings when customers make cash transactions exceeding $10,000. As the worlds of financial crime and fraud continue to blur, we see obvious synergies in applying behavioral analytics to help stem the tide of rising operational costs.

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Tomorrow's Transactions

AUGUST 8, 2016

His 2001 live album is one of the most-played on my iPhone. I think of this every time I read a story about how EMV chips are trivial to clone and how the banking system is about to collapse because of multi-billion pound frauds. From Forget card skimmers, chip-card shimmers will be your next nightmare • The Register.

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CB Insights

MAY 23, 2019

Below, we take a look at some of these frauds and the lessons they can teach entrepreneurs hoping to launch their own products, companies, and funds. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. WrkRiot’s short-lived house of cards falls down.

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PYMNTS

JUNE 29, 2020

As things now stand, Wirecard is shaping up to be one of the biggest financial frauds in years, drawing at least some comparisons to Enron from decades past. The New York Times noted on June 26 that stock research services targeting short sellers (who bet that prices will decline) had been signaling that Wirecard was a “house of cards.”

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PYMNTS

OCTOBER 13, 2017

To put it another way, the theme of the fairy tale applies to the transactional world in which we live — getting it all just right and in balance, a crucial concept when it comes to the consumer experience and security in card-not-present (CNP) transactions. Balance is the only way to boost card revenue. There will be 2.9

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PYMNTS

JANUARY 1, 2021

Many businesses are finding that newer digital payment tools, like virtual cards, offer key advantages to optimizing their B2B processes during the health crisis. “We Twenty-one percent of all fraud attacks were waged on mobile transactions in the first half of the year, and 37 percent of them originated from mobile devices. “We

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PYMNTS

SEPTEMBER 18, 2017

It would take another three decades — 2001 — for the FCRA to be amended further to give consumers direct access to their credit reports for a “fair and reasonable” fee. The CFPB also reported that complaints about payday loans have shown the greatest percentage of decline — at 26 percent — across all categories they monitored.

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Fintech Labs Insights

APRIL 8, 2021

US-based business charge cards. US-based fraud protection for financial instituions. US-based fraud protection for financial instituions. . #80(t) Chainalysis : $2.0B US-based cyrpto company. #80(t) 80(t) Pipe : $2.0B US-based SMB lender. #89 89 Starling Bank : $1.9B UK-based challenger bank. #97 97 Ramp : $1.6B Value Date.

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United States Fintech US Lending 15

Fintech Labs Insights

JUNE 3, 2021

72 (t) Forter: $3B US ecommerce fraud specialist. #97 Related: Top 15 Online Digital Corporate Credit Cards for Small Businesses (June 2021). . #55 Kraken : $4+B US crypto exchange (valuation per Fortune, based on 2019 round, and likely MUCH higher now). #60 60 Paymentus : $3.8B US payments company that went public 25 May 2021. #61

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United States Fintech US Technology 15

CB Insights

NOVEMBER 9, 2017

And then there were some uncommon and more dramatic causes of failure, including: Financial fraud. For millions of consumers accustomed to using credit and debit cards, the proposition of using a fingerprint hasn’t been all that appealing. A most-wanted founder. via CNET. Read more here. via Iceland Review. Company: Mobeam.

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