Quantifind lands $200m to scale AI financial crime tools
Quantifind, a provider of AI-native risk intelligence software for financial crime prevention and national security operations, has secured a $200m growth investment led by...
How Tieto is stopping digital wallet fraud at scale
Digital wallet fraud is escalating at an alarming rate, and FinTech infrastructure firm Tieto Banktech is at the forefront of efforts to stop it.
As...
Has financial crime entered an AI arms race?
Artificial intelligence is transforming the fight against financial crime. However, it's also giving criminals powerful new tools. As banks, regulators and technology providers race...
Modern Treasury and Sardine join forces on fraud detection
Modern Treasury, a payments operations platform, has announced a partnership with fraud prevention specialist Sardine to bolster transaction monitoring and fraud detection capabilities for...
HSBC Australia faces $35m penalty for scam failures
HSBC Bank Australia Limited, one of the country's largest retail banking operations, is facing a $35m court-imposed penalty after admitting it left customers dangerously...
Why digital identity is the future of fraud prevention
Traditional document-based identity verification is rapidly losing the battle against AI-powered fraud. Solutions built on document capture and liveness checks, the backbone of most...
How AI is reshaping fraud prevention for regulated firms
Regulated businesses are facing an escalating challenge: fraud tactics have grown considerably more sophisticated, and conventional detection methods are struggling to keep pace.
According to...
Lloyds targets shopping fraud with new AI tool
Lloyds is set to roll out a new AI-powered tool called Scam Check, designed to protect customers from falling victim to online shopping fraud...
DNB picks NICE Actimize to overhaul fraud defences
DNB Bank ASA, Norway's largest financial services group, has selected the NICE Actimize X-Sight Enterprise platform, an AI-powered cloud solution for fraud and financial...
Why synthetic fraud is now a systemic risk for banks
Mitek Systems has published new research in partnership with Datos Insights warning that synthetic identity fraud is rapidly evolving into one of the most...
