Fraud Prevention

Experian Expands Fraud Detection Capabilities With NeuroID Acquisition
Experian Expands Fraud Detection Capabilities With NeuroID Acquisition
August 13, 2024  |  Acquisitions

Experian has added behavioral analytics to its fraud detection capabilities by acquiring NeuroID. Adding this new layer of insight into digital behavioral signals for both new and...

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Digital B2B Payments Turn User Experience Into a Superpower
Digital B2B Payments Turn User Experience Into a Superpower
August 12, 2024  |  B2B Payments

Not all B2B payments have a great user experience (UX). But all great B2B payments elevate the end-user experience. The problem with building convenience into...

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77% of Consumers Expect Banks to Use AI to Fight Fraud
77% of Consumers Expect Banks to Use AI to Fight Fraud
August 12, 2024  |  Fraud Prevention

Real-time payments, known for their speed and immediacy, have faced adoption hurdles primarily due to perceptions about security. As financial institutions (FIs) and payments providers...

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Report: CFPB Probe of Zelle Expected to Include BofA and Wells Fargo
Report: CFPB Probe of Zelle Expected to Include BofA and Wells Fargo
August 07, 2024  |  Fraud Prevention

The Consumer Financial Protection Bureau (CFPB) is reportedly looking into how some of the biggest U.S. banks handle complaints from customers who dispute transactions made through Zelle. JPMorgan...

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Axle Automation Raises $2.5 Million to Grow AI-Powered AML/KYC Solutions
Axle Automation Raises $2.5 Million to Grow AI-Powered AML/KYC Solutions
August 05, 2024  |  Investments

Axle Automation raised $2.5 million in a seed funding round to grow its artificial intelligence (AI)-powered anti-money laundering and know your customer (AML/KYC) solutions. The...

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Axiad Raises $25 Million to Bolster ID Verification Offerings
Axiad Raises $25 Million to Bolster ID Verification Offerings
August 04, 2024  |  Security & Fraud

Identity security firm Axiad has raised $25 million in a new funding round. The financing, announced last week, will be used for product development, hiring,...

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Push Payments Fraud in UK Hit $433 Million in 2023
Push Payments Fraud in UK Hit $433 Million in 2023
August 01, 2024  |  Security & Fraud

Push payments fraud in the U.K. increased in volume last year, while declining in value. That’s according to a report issued Thursday (Aug. 1) by...

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Velera Debuts ID Verification Tool for Credit Union Members
Velera Debuts ID Verification Tool for Credit Union Members
August 01, 2024  |  Identity

Credit union service organization Velera has introduced an identity security/authentication tool. IDCheck by Co-op, announced Thursday (Aug. 1), is available to members of the Co-op...

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AI Financial Crimes Platform Hawk Grows Funding to Drive International Expansion
AI Financial Crimes Platform Hawk Grows Funding to Drive International Expansion
July 31, 2024  |  Investments

Hawk has expanded its Series B funding amid a new investing partnership with Macquarie Capital. The company, which provides fraud prevention and anti-money laundering (AML)...

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