ACI and Banfico Team to Tackle APP Fraud
The payment technology company ACI Worldwide has teamed with the fintech brand Banfico.
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Worldpay Acquires Ravelin
Worldpay has agreed to acquire London-headquartered artificial intelligence-native fraud prevention platform Ravelin.
Why Businesses Struggle to Discover Reasons For Failed Payments
Did you know that over 80% of companies dealing with online sales struggle to figure out the reasons for payment failures? If you don’t know the core issue you can only try to patch the visible outcomes but will always fail to solve the problem. So, why is getting to the bottom of the failed […]
Truecaller Expands on iOS
Truecaller brings its real-time caller ID and automated spam call blocking to iOS for the first time in a major update.
Revolut Launches In-App Calls to Combat Phone Scam
By allowing customers to communicate directly within the app, the new Revolut service aims to reduce the risk of fraudulent phone scam activities.
Chainalysis Acquires Alterya
Blockchain data platform Chainalysis acquired Alterya, an artificial intelligence-powered fraud detection solution that works with cryptocurrency exchanges and fintech companies to identify fraudsters and protect end users of firms from authorized swindle.
CrowdStrike Recovers Lost Money
CrowdStrike chief executive officer George Kurtz said this company turned last year’s crisis into an opportunity.
Barclays Reveals 2024 Financial Scam Statistics
In 2024, one in five consumers fell victim to scams, with the majority affected online, says Barclays fresh report.
Ransomware Transforms to Billion-Dollar Industry
Ransomware is currently what can be called an industry since the financial volume of the relevant space for illegal activities in a virtual environment already amounts to billions of dollars.
Losses From Crypto Hacks Jump to $2.2 Billion in 2024
In the current year, the total amount of funds stolen as a result of hacker attacks on cryptocurrency platforms reached $2.2 billion.
Fintech Market Breakthroughs 2024: A Year in Review
2024 was a challenging year for many fintech companies but it also brought a lot of encouraging results for the industry. Today, we’ll talk about the most notable fintech innovations of this year that are ushering in new opportunities for customers and businesses alike.
Banks Improve Their AML and KYC Practices
The era of digitalization as a global process continues and scales, gradually infiltrating more and more into various aspects of the existence of human civilization and spheres of activity, including the banking sector, many players of which, despite the possibilities of advanced technologies, continue to face old problems in areas anti-money laundering (AML) and Know […]
MCB Bank & BPC to Enhance Security With AI-Driven SmartVista Solution
SmartVista Fraud Risk Management solution will safeguard MCB Bank financial transactions with advanced AI fraud detection capabilities, real-time transaction monitoring, behavioural profiling, and machine learning-based risk assessment.
Ugandan Central Bank Reportedly Faces Hacker Attack
The media reported that hackers broke into the systems of the central bank of Uganda and stole 62 billion shillings ($17 million) from its accounts.
Broker Says About UK Business Damage From Cyberattacks
Insurance broker Howden on Monday, November 25, released information according to which over the past five years in the United Kingdom, businesses have lost approximately 44 billion pounds ($55.08 billion) due to cyberattacks.
BioCatch Launches Financial Crime Intelligence Network
BioCatch, which specializes in developing fraud prevention solutions, announced the launch of what it described as the world’s first interbank network for the sharing of information on financial crimes.
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