Tag: AI fraud prevention

The rapid advance of artificial intelligence has ushered in a new wave of highly convincing digital deception, with deepfakes emerging as one of the...

London-based digital safety start-up FALKIN, which helps banks protect customers from scams before payments are made, has raised $2m in pre-seed funding to advance its AI-powered fraud prevention tools.

A new report by Alloy has revealed growing anxiety among U.S. consumers about the impact of AI on financial scams, with 85% fearing that...

Public-private partnerships (PPPs) are becoming a cornerstone in the UK’s fight against financial crime. With fraud schemes growing in scale and sophistication, these collaborations...

As digital transactions surge globally, financial institutions are seeking smarter ways to protect customers and prevent fraud before it happens. Traditional fraud detection systems, whether rule-based or driven by machine learning, often struggle to keep pace with the sophistication of today’s fraudsters, leading to missed threats or an avalanche of false positives that frustrate legitimate customers.

Plaid has rolled out significant upgrades to its identity verification (IDV) product to counter the evolving threat of generative AI-enabled fraud. The enhancements, unveiled...

Persona, a San Francisco-based verified identity platform, has raised $200m in a Series D funding round, valuing the company at $2bn.

Harmony Intelligence, an AI cybersecurity company, has secured $3m in seed funding to advance its AI-driven cyber defence technologies.

ID.me, a digital identity wallet provider, has secured a $275m credit facility from Ares Management, a global alternative investment firm.