Find here all the latest articles, news, and research on APP Fraud and other APP Fraud-related topics:
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Financial crime intelligence company ComplyAdvantage has launched a Fraud Detection solution that uses machine learning algorithms to detect and prevent transaction fraud.
product launch, fraud detection, fincrime, financial services, financial crime, fintech, banks, APP fraud, account takeover, transaction fraud, payments , machine learning, artificial intelligence, synthetic identity, financial institutions, marketplace, data analytics
UK Finance has released its Annual Fraud Report in partnership with Feedzai showcasing that financial fraud losses in the UK throughout 2022 exceeded GBP 1.2 billion.
research, report, financial crime, online fraud, payment fraud, cybercrime, cybersecurity, APP fraud, fintech, banking, identity theft
Digital business banking platform Tide has called on the government to introduce a new levy to fund and train more police officers to fight Britain’s fraud epidemic.
fraud prevention, APP fraud, regulation, social engineering, scam
Payment verification solutions provider SurePay has launched an online portal that enables UK-based banks and payment service providers (PSPs) to perform Confirmation of Payee checks.
product launch, online platform, cybersecurity, fraud prevention, APP fraud, Confirmation of Payee, CoP, identity verification, identity fraud, cybercrime, PSP, banks, fintech, digital onboarding, payments
With an average fee of USD 12 for rejected or repaired payments, the direct cost of failed payments can quickly erode profitability. LexisNexis® Risk Solutions shares tips on how to solve this problem.
payment processing, APP fraud, cross-border payments, data analytics, LexisNexis, IBAN, SWIFT, banks
UK-based regulatory body Payment Systems Regulator (PSR) has recently published its latest consultation on guidance to help PSPs provide correct data when reporting their Authorised Push Payment (APP) scams.
regulation, regulatory sandbox, APP fraud, fraud management, fraud detection, online fraud, payment fraud, transaction fraud, scam, PSP, report
UK-based cloud payment technology provider Form3 has sponsored The Payments Association’s financial crime working group to address financial crime in the UK.
fraud prevention, financial crime, cybercrime, fintech, APP fraud
Han Sahin, CEO of ThreatFabric, explains why financial institutions should avoid investing in a ‘silver bullet’ solution to fight and prevent fraud, and offers advice on how to protect against future attacks
fraud detection, malware, bot attacks, banks, KYC, APP fraud, biometrics, two-factor authentication
Financial technology provider Bottomline has launched a fraud prevention solution, Confirmation of Payee (CoP) for businesses to fight authorised push payment (APP) fraud.
product launch, online fraud, fraud prevention, identity fraud, identity verification, Confirmation of Payee, APP fraud, API
British TSB Bank officials have warned that the fraud refund rules proposed by the Payment Systems Regulator to come into effect in 2023 will exclude a significant part of APP fraud victims.
APP fraud, regulation, fraud prevention, bank account, fraud detection
Ravi Loganathan, Head of Financial Institution Services at Sardine, describes how the financial sector can improve fraud detection and compliance across traditional and decentralised finance.
fraud management, data, biometrics, fintech, DeFi, cryptocurrency, financial services, APP fraud, KYC
UK-based fraud prevention company Featurespace has secured funding from the UK and US governments to build an AI system that detects financial crime for banks and PSPs.
Featurespace, APP fraud, AML, fraud prevention, artificial intelligence, privacy-enhancing technology
UK-based fraud prevention company Callsign has launched its Dynamic Interventions capability, controlled by its orchestration engine, to fight fraud in real time.
fraud prevention, APP fraud, product launch, Callsign, behavioural biometrics
UK-based embedded finance enabler Railsr has increased fraud protection for customers using UK Faster Payments (UKFP) by selecting SurePay as its Confirmation of Payee vendor.
APP fraud, Confirmation of Payee, Open Banking, fraud prevention, partnership
The UK Payment Systems Regulator (PSR) has announced it intends to speed up the coming into force of requirements for mandatory reimbursement for consumers.
regulation, APP fraud, fraud detection, online fraud, online payments
With authorised push payment fraud surpassing card fraud in losses in the first half of 2021, Arun Chauhan Director of Tenet Compliance draws a map of the things banks could do to reduce the occurrence and effects of APP fraud on their customers.
APP fraud, fraud prevention, banks, payments , regulation, financial crime
LHV UK, a banking services provider, has announced that its Confirmation of Payee (CoP) service is now live for all its direct clients.
product launch, APP fraud, fraud prevention, Open Banking, banks
Hear subject matter experts from NICE Actimize, DNB Bank, BehavioSec, and Prove about authorised fraud; the scale of the challenge, the value of additional fraud signals, integrating detection and prevention strategies within a single ongoing fraud ecosystem.
online banking, digital banking, financial institutions, APP fraud, fraud detection
From RATs to psychological tricks, bad actors are using every trick in the book to defraud their customers – with a high success rate. Callsign’s Andreas Eliasson says that needs to change
identity verification, behavioural biometrics, APP fraud, risk management, fraud detection, digital identity, scam
SurePay, a Confirmation of Payee provider, has announced that Triodos Bank UK will implement its full-service Confirmation of Payee solution.
partnership, APP fraud, fraud prevention, banks, PSP