PYMNTS

OCTOBER 16, 2020

Harnessing consumers’ digital information is critical to the success of any business, and data analytics and artificial intelligence (AI) can be especially powerful tools. Fast-food giant McDonald’s was not interested in using AI or data analytics until it noticed that many of its competitors were benefiting from the technologies.

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BankInovation

MARCH 2, 2022

The Bank of Montreal saw improvements in its fraud monitoring once it started using the Pindrop platform and banking consortium data in its workflow. CHARLOTTE, N.C.—The

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PYMNTS

JUNE 20, 2019

Data analytics company Equifax is teaming up with identity verification solutions provider GIACT Systems to help joint corporate customers mitigate the risk of fraud. “We are pleased to be entering into an alliance with Equifax ,” said GIACT Co-Founder and CEO Melissa Townsley in a statement.

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Perficient

OCTOBER 15, 2020

The world of modern data and analytics continues to evolve and is very exciting. They also quietly built out a robust set of services to support any and all use cases related to data and analytics. Outlined below are the Top 10 Things You Didn’t Know about Data and Analytics in the Oracle Cloud: 1.

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BankInovation

JANUARY 30, 2024

Technology and innovations advanced in leaps and bounds in 2023, including enhancements to AI, the introduction of generative AI and investment in data analytics.

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PYMNTS

FEBRUARY 4, 2020

RELX will acquire Arizona-based Emailage for $480 million in the former’s push to establish a footprint in the fraud prevention market, according to Financial Times (FT). Last month, the company spent $375 million to buy San Diego-based ID Analytics.

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PYMNTS

JUNE 19, 2018

Fraud has no choice but to roll with the punches, and the flurries are enough to daze a boxer as skilled as Ali. By now, it’s widely known that chip-enabled cards have been pushing fraud to digital conduits. This is the estimate of global card fraud losses by 2020. Pity the poor fraudster. Grab a piece of an ID and blam!

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PYMNTS

JUNE 3, 2019

For credit unions (CUs), data analytics can deliver that insight, helping them to more effectively address their members’ specific needs, and informing CUs of the products and services that can deliver the most effective returns on their investments. percent of CUs that did not focus on data analytics. For example, 91.7 Meanwhile, 80.6

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PYMNTS

MAY 4, 2020

Advances in technology are making consumer transactions seemingly more secure, but cybercriminals are still finding sophisticated ways to beat systems and commit financial fraud. A 2018 study on payment fraud mitigation reported that 75 percent of financial institutions (FIs) experienced fraud losses.

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Payments Dive

JUNE 11, 2018

With growth in omni-channel payments, avenues for fraud are growing FSS Risk Analytics As-A-Service incorporates, machine learning and event correlation to proactively contain risk

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PYMNTS

APRIL 1, 2020

One bank exploring data analytics is ATB Financial , which has 173 branches and 142 agencies throughout the Canadian province of Alberta and assets totaling more than $54.3 One of the early tools of ATB’s data analytics program was its customer service robot, Pepper , which was developed in partnership with SoftBank Robotics America.

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FICO

OCTOBER 28, 2018

The recent fascination with artificial intelligence and machine learning has made some of us ( naturally intelligent) humans confused about the role that these technologies play in the broader field of fraud analytics. In the fraud management space, BI can be thought of as a descriptive performance reporter. Source: FICO Blog.

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BankInovation

OCTOBER 19, 2023

Discover Financial Services continues to invest in technology and advanced analytics within customer service, originations, risk and compliance, fraud detection and application processes.

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Analytics Compliance Fraud Technology 62

Perficient

FEBRUARY 29, 2024

Banking institutions are responding by integrating advanced technologies, particularly artificial intelligence and data analytics, into their lending operations to enhance efficiency and adaptability. Fraud Detection Banks are increasingly turning to AI-powered solutions to effectively detect and prevent fraudulent activities.

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FICO

OCTOBER 29, 2018

The recent fascination with artificial intelligence and machine learning has made some of us ( naturally intelligent) humans confused about the role that these technologies play in the broader field of fraud analytics. Fraud analytics is an umbrella term covering a lot of technologies — let’s look at the two big categories.

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FICO

JULY 31, 2018

This is the fifth in my series on five keys to using AI and machine learning in fraud detection. For continual performance improvement, fraud detection professionals should consider adaptive technologies designed to sharpen responses, particularly on marginal decisions. What Do You Need Besides the 5 Keys? But that’s not enough.

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PYMNTS

SEPTEMBER 20, 2019

19) that its Fleet module is now available to users of its artificial intelligence (AI) analytics platform that automates fleet card transaction analysis. The company said in an announcement on Thursday (Sept.

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FICO

JULY 23, 2020

Electronic payments have paved the way for new and old authorised push payment (APP) scams to hit the UK market, with a 40% rise in 2019 ; 56% of Europeans surveyed experienced at least one type of fraud/scam in 2018/2019. Fraud scams are a concern for every fraud manager. Detecting fraud without marked data can be a challenge.

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PYMNTS

JUNE 26, 2019

Anti-money laundering, data security, mobile/digital payments, fraud-fighting and payment tech rounded out the top five — with each ranking as a lead priority for over 50 percent of credit union executives. And in some of those objectives — particularly in fraud detection and prevention — those uses are happening, iterating and thriving.

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PYMNTS

JULY 15, 2020

Mari Anne Bayliss , senior director of solution management at CyberSource , told Karen Webster that simply relying on machine learning as a weapon against fraud is not enough — not in an age where managing fraud risk during the great digital shift (and unprecedented transaction volumes) is so challenging. .

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Payments Dive

APRIL 7, 2023

The artificial intelligence and data analytics company aims to help North American Bancard protect its merchants from payment processing fraud, Virtualitics CEO Michael Amori said.

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PYMNTS

SEPTEMBER 20, 2018

ProfitStars , the Jack Henry & Associates division that provides risk management solutions for financial institutions, announced its latest fraud tool on Wednesday (Sept. The iPay ESM tool helps those institutions fight fraud while maintaining compliance with the Federal Financial Institutions Examination Council (FFIEC), the firm said.

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PYMNTS

NOVEMBER 17, 2020

The number of real-time payments has risen dramatically in recent years, and APP fraud has grown alongside it. Bad actors typically perpetrate APP fraud in several ways. APP Fraud Ramps Up. Instances of APP fraud around the globe have continued to rise as real-time payment rails extend their reach.

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Independent Banker

NOVEMBER 30, 2021

As more customers moved online, fraudsters took advantage of new and increasingly inventive opportunities to commit remote authentication fraud. These types of scams fall under the broad term of remote authentication fraud, and they’re increasingly common—and inventive. Examples of remote authentication fraud. New account fraud.

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Fraud Strategy Community Bank New York City 160

Gonzobanker

DECEMBER 4, 2019

Fintech deals continue to dominate the financial service headlines, and a growing number of these transactions are in analytics. the acquisition of portfolio analytics provider Visible Equity for an undisclosed sum. the acquisition of pricing analytics provider PrecisionLender for a cool $510 million. nCino recently announced.

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PYMNTS

DECEMBER 17, 2020

Fraud protection specialist Kount and Philadelphia-based payments platform FreedomPay are teaming up to offer “an integrated, complete solution to enable international expansion with fraud-free payments and frictionless customer” experiences.

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PYMNTS

SEPTEMBER 15, 2020

Such immense effort is expended fighting determined fraudsters that it’s easy to minimize friendly fraud — a frustrating state of affairs that leaves financial institutions (FIs) and merchants on the hook for purchases disowned, justly or otherwise, by legitimate cardholders. Spotting The Fakers.

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PYMNTS

MAY 1, 2020

Amid rising criticism over the loan effort, the Department Of Justice has reportedly discovered potential fraud among companies seeking relief with the Paycheck Protection Program (PPP). That team has been utilizing data analytics for over 10 years to find criminal activities linked to Medicare in addition to other federal programs.

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The Paypers

OCTOBER 29, 2021

US-based fraud prevention company DataVisor has partnered with analytics and technology company Equifax to combine identity data from Equifax with its AI signals.

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PYMNTS

SEPTEMBER 21, 2020

Consumers are using mobile apps’ order-ahead features and loyalty perks more often during the COVID-19 pandemic, yet chargeback fraud — also known as friendly fraud — is unfortunately also rising. A Proactive Approach To Friendly Fraud. Friendly fraud often develops around online promotions at restaurants.

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PYMNTS

JULY 30, 2020

With so much highbrow industry chatter about topics like payments fraud detection, it’s good to remember that this is actual crime-fighting. Traditional fraud-fighting approaches often fail against scammers who use synthetic IDs to trick financial institutions (FIs) into letting them open new accounts. The Fatigue-Fraud Connection.

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PYMNTS

APRIL 15, 2020

While there is no shortage of new things in the world to get used to these days, cybercrime and fraud are, unfortunately, not among them. The good news, both Srinivasan and Awad told PYMNTS, is that while fraud attempts are up among U.S. consumers, fraud losses are not, yet. million pounds out of the unwitting. “We

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PYMNTS

JUNE 11, 2020

Fraud detection software platform NS8 has closed a Series A funding round for $123 million, led by Lightspeed Venture Partners , a press release states. The software utilizes real-time data analytics and real-time scoring to help merchants snuff out fraud and deliver seamless transactions, the press release says.

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PYMNTS

SEPTEMBER 7, 2017

Think the life of a vice president of analytics is all about the numbers? But in an interview with PYMNTS, Massy Najafi , who serves in that role at Guardian Analytics , shed light on more than a few other aspects of the job. PYMNTS: What does a day in the life of a VP at Guardian Analytics look like? Think again.

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PYMNTS

DECEMBER 18, 2020

These growing revenue streams carry their own risks, however, not the least of which is their propensity to be targeted by fraud. The Fraud Threats Of 2020. Most customers bypass restaurants entirely when trying to perpetrate chargeback fraud , with 76 percent of cardholders going directly to their payment card issuers.

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PYMNTS

JUNE 20, 2019

Retailers focused on combating fraud have credit cards in the cross-hairs of their efforts. But ramping up the war on card fraud can introduce a new risk to companies: false positives. This isn’t merely an issue for the B2C world, however. The False Positive Threat.

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PYMNTS

FEBRUARY 19, 2020

What’s clear is that fraud decisioning solutions have never been more necessary, as cybercrime enters a new phase of sophistication, diabolical creativity and global scale. Bottom line: Fraud losses are expected to hit $48 billion annually by 2023 – more than double the 2018 losses. Sealing It.

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