Articles with tag like: fraud detection

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SRA reports GBP 200 mln in money laundering activities

News | Digital Identity, Security & Online Fraud | 05 Apr 2021

The Solicitors Regulation Authority (SRA) has made 26 reports of suspected money laundering in 2020 involving more than GBP 200 million in possible criminal proceeds.

money laundering, fraud detection, AML

Sift reveals new fraud ring, emerging payment fraud trends

News | Digital Identity, Security & Online Fraud | 01 Apr 2021

Sift has released its Q1 2020 Digital Trust & Safety Index report, which unveils that the average value of fraudulent purchase attempts increased 69% in 2020. 

Sift, report, fraud detection, e-wallet

Hungarian authorities break up EUR 8 mln VAT fraud scheme

News | Digital Identity, Security & Online Fraud | 01 Apr 2021

The Hungarian National Tax and Customs Administration (NTCA) has dismantled an organised criminal group (OCG) suspected of facilitating VAT fraud and money laundering.

Europol, fraud detection, fraud management, money laundering

Mpay enters a private-academia partnership todevelop new KYC solution

News | Digital Identity, Security & Online Fraud | 29 Mar 2021

MPay, an electronic payment solution provider, has entered a partnership with Trustgate.com and University Malaya's Artificial Intelligence (AI) Research Lab, aimed at developing a KYC solution.

partnership, artificial intelligence, KYC, compliance, risk management, fraud detection, financial institutions, digital identity, online authentication

Gett fights evolving payment fraud attacks

Voice of the Industry | Digital Identity, Security & Online Fraud | 25 Mar 2021

Mark Freeman, SecuredTouch, illustrates how Gett caught payment fraud attacks, employing multiple sophisticated evasive techniques, in real-time

SecuredTouch , payment fraud, Gett, chargebacks, Account fraud, fraud detection, Mark Freeman

Large internet companies demanded to tackle online scams in the UK

News | Digital Identity, Security & Online Fraud | 22 Mar 2021

Bank of England Governor Andrew Bailey has been lobbying the British government to initiate a legal requirement for large internet companies such as Google to take down financial fraud websites.

financial crime, bigtech, Bank of England, fraud detection, scam

Onfido to enable biometric onboarding on Bitex Crypto Platform

News | Cryptocurrencies | 19 Mar 2021

The Netherlands-based Bitex Cryptocurrency Exchange has partnered with US-based identity verification provider Onfido.

cryptocurrency, cryptocurrency exchange, fraud detection, identity verification

WISeKey rolls out NFT for digital identity verification

News | Digital Identity, Security & Online Fraud | 19 Mar 2021

Switzerland-based cybersecurity, AI, and IoT company WISeKey has announced the development of Non-Fungible Tokens (NFT).

digital identity, fraud management, fraud detection, biometric authentication

SEON raises EUR 10 mln series A from Creandum

News | Digital Identity, Security & Online Fraud | 18 Mar 2021

Fraud fighter SEON has secured EUR 10 million (representing USD 12 million) series A investment. 

SEON, Creandum, funding, fraud detection

Bank Australia chooses Nuance for voice biometrics verification

News | Digital Identity, Security & Online Fraud | 17 Mar 2021

Bank Australia has announced it will be using Nuance’s voice biometrics technology to verify the identities of its customers.

Bank Australia, biometric authentication, financial institutions, fraud detection

They mean it this time: Strong Customer Authentication enforcement is coming to the UK

Voice of the Industry | Digital Identity, Security & Online Fraud | 17 Mar 2021

Shagun Varshney of Signifyd drills down into what 2021 means for SCA in the UK, how utilising exemptions can help merchants optimise revenue, and the key takeaways as we head to full enforcement in September 2021


SCA, 3-D Secure, PSD2, fraud detection, retail, merchant fraud

The Equals Group chooses TruNarrative for fraud prevention

News | Digital Identity, Security & Online Fraud | 16 Mar 2021

The Equals Group has chosen the TruNarrative platform to help with fraud prevention and offer an improved customer experiences across their range of services.

TruNarrative, digital onboarding, fraud detection, API, partnership, KYC

SCCG Management, Netacea team up to offer bot protection to iGaming

News | Digital Identity, Security & Online Fraud | 16 Mar 2021

SCCG Management has announced a partnership with Netacea to bring its bot detection and mitigation tech to the US iGaming industry, including online and mobile sports wagering.

Netacea, partnership, Bot attack, fraud detection

Dropbox protects millions of user accounts using the Arkose Labs platform

Voice of the Industry | Digital Identity, Security & Online Fraud | 15 Mar 2021

Arkose Labs discusses the solution implemented for Dropbox to prevent bad actors from gaining access to users’ accounts

Arkose Labs, Dropbox, account takeover, fraud detection, fraud prevention

Fraud in the ecommerce space: trends to watch in 2021

Voice of the Industry | Digital Identity, Security & Online Fraud | 03 Mar 2021

Simona Negru and Ralph A. Rodriguez joined forces to tackle what identity 2021 has in store and what fraud trends we should be aware of

Ralph A. Rodriguez, Simona Negru, fraud detection, ecommerce, identity verification, merchants, online payments

Nasdaq completes Verafin's acquisition

News | Digital Identity, Security & Online Fraud | 15 Feb 2021

Nasdaq has completed the acquisition of the anti-financial crime management solutions provider Verafin

NASDAQ, Verafin, acquisition, financial crime, fraud detection, fraud prevention, crime management

MANGOPAY, Onfido partner to facilitate user onboarding for financial institutions

News | Digital Identity, Security & Online Fraud | 28 Jan 2021

MANGOPAY has partnered with Onfido to simplify user onboarding and unify its Know Your Customer (KYC) processes with Onfido’s identity verification solution. 

MangoPay, Onfido, business partnership, user onboarding, Know Your Customer, KYC, identity verification, fraud detection

Bolt closes USD 75 mln funding round to fight ecommerce fraud

News | Digital Identity, Security & Online Fraud | 22 Dec 2020

The checkout platform Bolt has announced that it closed a USD 75 million funding round, Venture Beat reports. 

Bolt, ecommerce, fraud, machine learning, funding, online checkout, ML, fraud detection

Telefónica, Subex team up for fraud prevention

News | Digital Identity, Security & Online Fraud | 21 Dec 2020

Operations support systems provider Subex has announced a partnership with Telefónica, a mobile network provider, to offer the latest version of ROC Fraud Management.

Telefónica, partnership, Subex, fraud prevention, AI, ML, fraud detection, Latin America

Mergers & acquisitions in the fraud prevention space – the last 12 months overview

Voice of the Industry | Digital Identity, Security & Online Fraud | 10 Dec 2020

Simona Negru, content editor at The Paypers, has outlined an overview of the most important mergers and acquisitions in the fraud space and the reasons behind their business strategies

mergers, acquisitions, Simona Negru, The Paypers, fraud prevention, ecommerce, digital transactions, KYC, identity, compliance, financial services, banking, merchants, ATO, online channel, digital onboarding, identity verification, fraud detection, risk management