https://www.finextra.com/ The Latest Financial IT Security Headlines Copyright 2025 Finextra Research Ltd en-GB contact@finextra.com (Finextra Contact) https://www.finextra.com https://www.finextra.com/finextra-images/site/finextra.png https://www.finextra.com/newsarticle/45817/tackling-fraud-learn-how-to-build-smarter-defences-at-nextgen-nordics?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/45817/tackling-fraud-learn-how-to-build-smarter-defences-at-nextgen-nordics?utm_medium=rssfinextra&utm_source=finextrafeed Fri, 11 Apr 2025 09:22:00 GMT As real-time payments gain momentum, financial institutions are faced with attempting to deliver seamless digital payment experiences while also mitigating against sophisticated fraudsters. This year’s NextGen Nordics event at the Münchenbryggeriet in Stockholm, Sweden, on 29 April 2025, will spotlight how the industry is redefining fraud prevention in the era of instant payments. https://www.finextra.com/newsarticle/45809/bofe-eyes-ais-risk-to-financial-stability?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/45809/bofe-eyes-ais-risk-to-financial-stability?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 10 Apr 2025 00:01:00 GMT As firms integrate more advanced AI-based analysis into their core trading and investment activities, regulators need to vigilant about potential financial stability risks, the Bank of England's Financial Policy Committee warns. https://www.finextra.com/newsarticle/45801/dbs-bank-and-bank-of-china-customer-records-compromised-in-ransomware-attack?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/45801/dbs-bank-and-bank-of-china-customer-records-compromised-in-ransomware-attack?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 09 Apr 2025 09:00:00 GMT The Monetary Authority of Singapore is investigating a ransomware attack on Toppan Next Tech, a vendor responsible for printing customer statements for DBS Bank and Bank of China (BoC) in Singapore, which exposed the personal data of thousands of customers. https://www.finextra.com/newsarticle/45793/americans-lost-3bn-to-impersonation-scams-in-2024?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/45793/americans-lost-3bn-to-impersonation-scams-in-2024?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 09 Apr 2025 00:01:00 GMT Scams impersonating businesses and government officials cost Americans $2.95 billion last year, according to the Federal Trade Commission. https://www.finextra.com/newsarticle/45800/occ-reports-major-incident--email-hack-to-congress?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/45800/occ-reports-major-incident--email-hack-to-congress?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 08 Apr 2025 21:29:00 GMT The Office of the Comptroller of the Currency says "highly sensitive information" was accessed in a hack on its email system. https://www.finextra.com/newsarticle/45792/hawk-raises-56m-for-ai-powered-fraud-prevention?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/45792/hawk-raises-56m-for-ai-powered-fraud-prevention?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 08 Apr 2025 13:10:00 GMT AI-powered anti-money laundering, screening and fraud prevention outfit Hawk has raised $56 million in a Series C funding round led by One Peak. https://www.finextra.com/newsarticle/45788/luxembourg-banks-pick-luxhub-as-vop-provider?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/45788/luxembourg-banks-pick-luxhub-as-vop-provider?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 08 Apr 2025 06:00:00 GMT Open banking startup LuxHub has signed up six major banks in Luxembourg to its Verification of Payee (VoP) and Routing and Verification Mechanism (RVM) technology. https://www.finextra.com/newsarticle/45784/santander-scamtracker-shows-customers-lost-18-million-to-fraud-in-the-first-quarter?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/45784/santander-scamtracker-shows-customers-lost-18-million-to-fraud-in-the-first-quarter?utm_medium=rssfinextra&utm_source=finextrafeed Mon, 07 Apr 2025 14:30:00 GMT Santander says that over £18 million was stolen from customers by scammers in the first three months of 2025. https://www.finextra.com/newsarticle/45780/metro-bank-launches-ai-scam-detection-tool?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/45780/metro-bank-launches-ai-scam-detection-tool?utm_medium=rssfinextra&utm_source=finextrafeed Mon, 07 Apr 2025 10:17:00 GMT Metro Bank is using technology from AI firm Ask Silver to enable customers to instantly check whether they are at risk of a scam by spotting fraudulent communications. https://www.finextra.com/newsarticle/45779/innovate-finance-calls-on-the-government-to-set-up-national-anti-fraud-centre?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/45779/innovate-finance-calls-on-the-government-to-set-up-national-anti-fraud-centre?utm_medium=rssfinextra&utm_source=finextrafeed Mon, 07 Apr 2025 09:56:00 GMT Fintech trade body Innovate Finance is calling on the UK Government to set up a National Anti Fraud Centre for cross-sector data sharing and introduce shared liability for social media and telecommunications firms https://www.finextra.com/newsarticle/45771/meet-the-minds-shaping-the-future-of-payments-at-nextgen-nordics?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/45771/meet-the-minds-shaping-the-future-of-payments-at-nextgen-nordics?utm_medium=rssfinextra&utm_source=finextrafeed Fri, 04 Apr 2025 09:17:00 GMT The rapidly evolving world of payments is being shaped by some of the brightest minds across industries, and this year’s NextGen Nordics event on 29 April 2025 at the Münchenbryggeriet in Stockholm, Sweden is set to be a pivotal moment in exploring how the sector is advancing. Attendees will have the rare opportunity to engage with leading figures driving innovation, digital transformation, and the future of financial services in the Nordic region. https://www.finextra.com/newsarticle/45767/visa-unveils-ai-fraud-fighting-tool?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/newsarticle/45767/visa-unveils-ai-fraud-fighting-tool?utm_medium=rssfinextra&utm_source=finextrafeed Fri, 04 Apr 2025 00:01:00 GMT Visa has unveiled Aric Risk Hub, an AI-based fraud prevention platform designed to help protect banks, acquirers, and financial institutions against a broad spectrum of fraud and financial crime. https://www.finextra.com/pressarticle/105194/cyberthreats-fraud-regulatory-complexities-and-financial-inefficiencies-cost-firms-70m-annually?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/105194/cyberthreats-fraud-regulatory-complexities-and-financial-inefficiencies-cost-firms-70m-annually?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 10 Apr 2025 15:38:00 GMT Businesses and technology firms in the UK are losing on average £70 million a year due to the cost of disharmony throughout the money lifecycle, according to landmark research by global financial technology leader FIS (NYSE: FIS), in collaboration with Oxford Economics. https://www.finextra.com/pressarticle/105193/bitget-wallet-launches-contract-risk-detection-tool?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/105193/bitget-wallet-launches-contract-risk-detection-tool?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 10 Apr 2025 15:37:00 GMT Bitget Wallet, a leading Web3 non-custodial wallet, has introduced the token contract risk detection feature to strengthen transaction security across its platform. https://www.finextra.com/pressarticle/105152/cfit-begins-work-on-prototypes-use-cases-and-governance-for-digital-company-id?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/105152/cfit-begins-work-on-prototypes-use-cases-and-governance-for-digital-company-id?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 09 Apr 2025 10:50:00 GMT The Centre for Finance, Innovation and Technology (CFIT) today announces a major development in its work to drive the creation and adoption of Digital Company ID in the UK, through the launch of three industry-led working groups. https://www.finextra.com/pressarticle/105141/crypto-security-startup-octane-emerges-from-stealth-with-675-million-seed-round?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/105141/crypto-security-startup-octane-emerges-from-stealth-with-675-million-seed-round?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 08 Apr 2025 16:33:00 GMT Octane today announced it has secured $6.75M in a Seed funding round co-led by Archetype and Winklevoss Capital. https://www.finextra.com/pressarticle/105138/companies-house-starts-to-verify-identities?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/105138/companies-house-starts-to-verify-identities?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 08 Apr 2025 13:33:00 GMT Today (8 April 2025) sees the launch of a new service that allows individuals to verify their identity directly with Companies House through GOV.UK One Login. People can also verify their identity through an Authorised Corporate Service Provider (ACSP). https://www.finextra.com/pressarticle/105114/dutch-company-pioneers-custom-trained-ai-tool-for-subdomain-detection-in-cybersecurity?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/105114/dutch-company-pioneers-custom-trained-ai-tool-for-subdomain-detection-in-cybersecurity?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 08 Apr 2025 09:27:00 GMT European cybersecurity company Hadrian, based in Amsterdam, introduces ‘Subwiz,’ the world’s first custom-trained AI tool for subdomain discovery. https://www.finextra.com/pressarticle/105100/asic-winds-up-95-sham-investment-scam-companies?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/105100/asic-winds-up-95-sham-investment-scam-companies?utm_medium=rssfinextra&utm_source=finextrafeed Mon, 07 Apr 2025 10:14:00 GMT ASIC is warning consumers to remain vigilant when engaging with online investment websites and mobile applications after successfully applying to wind-up 95 companies, many of which ASIC believes may be associated with online investment and romance baiting scams, also known as ‘pig butchering’ scams. https://www.finextra.com/pressarticle/105083/next-biometrics-receives-order-for-nigerian-financial-inclusion-project?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/105083/next-biometrics-receives-order-for-nigerian-financial-inclusion-project?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 03 Apr 2025 13:45:00 GMT NEXT Biometrics, the world leader in advanced high-security fingerprint sensor technology, has received the first major purchase order for its FAP 20 sensor in Nigeria. https://www.finextra.com/pressarticle/105063/nice-actimize-boosts-financial-crime-prevention-tech-with-agentic-ai?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/105063/nice-actimize-boosts-financial-crime-prevention-tech-with-agentic-ai?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 02 Apr 2025 21:12:00 GMT Nice Actimize, a NICE (NASDAQ: NICE) business, today announced the availability of the next generation X-Sight ActOne which expands upon the robust and open architecture of X-Sight with Agentic AI capabilities that are foundational to transforming fraud and financial crime prevention programs. https://www.finextra.com/pressarticle/105057/bluefin-adds-network-tokenisation-capabilities-to-shieldconex?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/105057/bluefin-adds-network-tokenisation-capabilities-to-shieldconex?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 02 Apr 2025 15:46:00 GMT Bluefin, the global leader in payment and data security, today announced the addition of network tokenization capabilities to its ShieldConex® Tokenization as a Service and Orchestration platforms, enabling merchants to directly provision network-issued payment tokens from card brands such as Visa, Mastercard, American Express, and Discover. https://www.finextra.com/pressarticle/105043/trustfull-protects-logins-to-combat-account-takeover-fraud?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/105043/trustfull-protects-logins-to-combat-account-takeover-fraud?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 02 Apr 2025 10:10:00 GMT Trustfull, a leader in identity intelligence for fraud prevention, today announced the launch of Login Solution, which analyses hundreds of behavioural and device-related signals to combat surging account takeover (ATO) fraud. https://www.finextra.com/pressarticle/105042/fs-isac-releases-cyber-fraud-prevention-framework?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/pressarticle/105042/fs-isac-releases-cyber-fraud-prevention-framework?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 02 Apr 2025 09:53:00 GMT To help financial firms prevent fraud attempts on their companies and customers, FS-ISAC, the member-driven, not-for-profit organisation that advances cybersecurity and resilience in the global financial system, has published Leveling Up: A Cyber Fraud Prevention Framework for Financial Services. https://www.finextra.com/videoarticle/3234/combating-cyber-threats-the-role-of-ai-partnerships-and-education?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/3234/combating-cyber-threats-the-role-of-ai-partnerships-and-education?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 01 Apr 2025 10:00:00 GMT Joining the FinextraTV studio, Michele Centemero, EVP, Regional Services Lead, Mastercard, outlined the stark position the world is in when it comes to the cybersecurity threat we face. As technology increases, it becomes both the problem and the solution, Centemero discusses what the landscape currently looks like and how education and partnership are key to heading in the right direction. https://www.finextra.com/videoarticle/3236/digital-transformation-get-a-handle-on-your-data-first?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/3236/digital-transformation-get-a-handle-on-your-data-first?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 26 Mar 2025 16:00:00 GMT In this FinextraTV interview, Arsalan Minhas, AVP, Sales Engineering EMEA & APAC, Hyland and Matt Bazley, Account Executive, Hyland explain the evolution of digital transformation. Whilst discussing the usage of AI, blockchain and new-age technologies, they also define the importance of well-structured, transparent and secure data as a first priority https://www.finextra.com/videoarticle/3225/higher-quality-consumer-experience--quicker-fraud-detection?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/3225/higher-quality-consumer-experience--quicker-fraud-detection?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 02 Jan 2025 09:00:00 GMT There were a number of key takeaways at Finextra’s inaugural ‘NextGenAI’ event, but one that excited all, in particular, were the opportunities for fraud prevention. In this interview at the FinextraTV event studio, Stathis Onasoglou, Field CTO, Google discussed the statistics and real life use cases for GenAI across fraud prevention, efficiency and revenue generation. Onasoglou explains how as technology continues to develop, it increases our ability to detect fraud earlier and faster, as well as enhancing the customer experience. https://www.finextra.com/videoarticle/3219/for-innovative-ai-deployment-collaboration-is-the-key?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/3219/for-innovative-ai-deployment-collaboration-is-the-key?utm_medium=rssfinextra&utm_source=finextrafeed Fri, 06 Dec 2024 10:00:00 GMT At Finextra’s inaugural NextGenAI event, Roberto Napolitano, CMO, Innovate Finance discussed his belief in collaboration as the key to AI success in this interview in the FinextraTV studio. In addition to the need to upskill the individual and predictions around personalised finance increasing, Napolitano stressed the importance of a holistic approach to AI innovation. https://www.finextra.com/videoarticle/3201/payments-innovation-will-be-threefold-embedded-cross-border-and-genai?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/3201/payments-innovation-will-be-threefold-embedded-cross-border-and-genai?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 14 Nov 2024 12:45:00 GMT In this PREDICT 2025 interview, Gautam Pillai, Head of Fintech Research at investment bank Peel Hunt, looks at the bigger picture and takes into account how the payments industry is transforming alongside consumer trends. Buzz and excitement surrounds three developments, which are embedded payments, cross border payments and generative AI and the interview discusses how organisations working in these areas are already helping businesses transact easier, faster and in a way where they are not sacrificing security. https://www.finextra.com/videoarticle/3192/how-can-ai-and-collaboration-combat-rising-financial-crime?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/3192/how-can-ai-and-collaboration-combat-rising-financial-crime?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 23 Oct 2024 14:12:00 GMT In a conversation ahead of Sibos 2024, Laura Quevedo, Executive Vice President of Financial Crime and Resiliency at Mastercard, highlights the growing threat of financial scams in the digital age, with cybercriminals increasingly using AI to exploit consumers. Companies are stepping up their investments in cybersecurity and AI technology to stay ahead of evolving threats, as AI-powered tools like real-time fraud detection solutions become critical in preventing financial crime. Quevedo emphasises a three-pronged strategy: leveraging AI for fraud prevention, collaborating across industries to share insights, and educating consumers on emerging scams. https://www.finextra.com/videoarticle/3186/how-will-new-technologies-shape-the-future-of-payments?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/3186/how-will-new-technologies-shape-the-future-of-payments?utm_medium=rssfinextra&utm_source=finextrafeed Wed, 23 Oct 2024 09:00:00 GMT In an interview with FinextraTV in the lead-up to Sibos 2024, Pilar Fragalà, Chief Commercial Officer of CBI, explores the impact of digital technologies and regulations on payment services. Highlighting the role of AI, APIs, and blockchain in enhancing security and speed, while PSD2 and PSD3 drive open banking and consumer protection, the discussion focuses on innovations like embedded finance and instant payments that offer transparency and flexibility. Addressing growing fraud risks, the interview examines how technology can prevent fraudulent transactions by verifying IBAN and beneficiary details in real time. https://www.finextra.com/videoarticle/3185/embracing-the-shift-instant-payments-and-infrastructure-transformation?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/3185/embracing-the-shift-instant-payments-and-infrastructure-transformation?utm_medium=rssfinextra&utm_source=finextrafeed Mon, 21 Oct 2024 08:24:00 GMT Michael Engel, Managing Director & VP of Banking Software at Diebold Nixdorf, highlights the growing shift from traditional to instant payments, driven by increasing demand for speed and agility in transactions. While methods like SEPA and the digital euro gain momentum, the challenge of integrating these with legacy systems persists. Engel emphasises the importance of affordable, cloud-native, microservices-based platforms to boost scalability and security, especially in e-commerce. Success stories show banks launching new services within weeks, a dramatic improvement from the previous six to nine months. As consumer expectations rise, financial institutions must balance innovation with reliability. https://www.finextra.com/videoarticle/3184/can-financial-institutions-keep-up-with-the-33-billion-fraud-surge?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/3184/can-financial-institutions-keep-up-with-the-33-billion-fraud-surge?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 15 Oct 2024 09:00:00 GMT Reflecting on insights from last month’s Visa Payments Forum, Tareq Muhmood, SVP, Value Added Services, Europe, Visa, addresses the dramatic rise in global fraud—from $800 million in the early '90s to $33 billion in 2023. As financial institutions grapple with the increasing complexity of fraud in the digital age, the need for adopting advanced technologies like AI and real-time data analysis becomes clear. With a 50% boost in fraud detection through artificial intelligence, this interview underscores the urgency for banks and fintechs to evolve their security strategies. As fraud tactics continue to evolve, partnerships and continuous innovation are now critical for staying ahead of threats while maintaining seamless payment experiences. https://www.finextra.com/videoarticle/3177/fighting-fraud-with-form3-the-importance-of-inbound-transaction-screening?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/3177/fighting-fraud-with-form3-the-importance-of-inbound-transaction-screening?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 17 Sep 2024 10:00:00 GMT In Part 2 of this series, FinextraTV and Chris Oakley, Head of Fraud, Form3, highlights an upcoming substantial shift in the sector where due to incoming regulations from the PSR in the UK and PSD3 across the European Union, banks will have to double down on their focus on the risk associated with receiving a payment, not only sending a payment as has been the case historically. With current fraud screening methods built for outbound payments, after these regulations are mandated, receiving banks and sending banks will be forced to split liability for fraud and reimburse victims due to the PSR. This dichotomy must also lead to changes in the way that money mules are detected, which is usually also conducted retrospectively - where this convergence of fraud mitigation and anti-money laundering happens, risks need to be managed in real-time and a wider single view of the customer will be of paramount importance. https://www.finextra.com/videoarticle/3175/fighting-fraud-with-form3-the-importance-of-collaborative-intelligence?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/3175/fighting-fraud-with-form3-the-importance-of-collaborative-intelligence?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 10 Sep 2024 12:00:00 GMT In Part 1 of this series, FinextraTV and Chris Oakley, Head of Fraud, Form3, points out why banks remain hesitant to share data, explores the misconceptions around regulations such as GDPR, and where levels of fraud would be if the standard was named GDSR, focusing on data sharing. While many financial institutions continue to be concerned about whether they are breaching rules and obligations, in certain situations, the fact that sharing data for fraud prevention can be useful and is a legitimate reason, is lost. To avoid this vicious circle, banks must take advantage of collaborative intelligence to mitigate rising financial crime cases such as APP fraud scams and share data where insights and intelligence can be exchanged between organisations in a secure environment, building a collaborative view. https://www.finextra.com/videoarticle/3178/the-intersection-of-wildlife-trafficking-and-financial-crime?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/3178/the-intersection-of-wildlife-trafficking-and-financial-crime?utm_medium=rssfinextra&utm_source=finextrafeed Mon, 05 Aug 2024 10:20:00 GMT FinextraTV, Julia Thorn, Senior Marketing Manager, Financial Crime Compliance, LexisNexis® Risk Solutions and Robert Campbell, Programme Director of United for Wildlife, The Royal Foundation of The Prince and Princess of Wales, dive deep into their recently released report on how wildlife trafficking can be combatted with the power of collaboration. Exploring the objectives of the report, the pair doubled down on the importance of enforcement data and how this data can be used for good by looking for patterns that are more relevant to financial institutions than first thought. Further, financial institutions must consider wildlife trafficking as organised crime and as the money involved cannot be hidden under the bed - it moves through commercial entities such as airports and shipping ports - this form of money laundering must be mitigated. https://www.finextra.com/videoarticle/3174/why-traditional-ai-should-be-used-alongside-generative-ai-for-fraud-prevention?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/videoarticle/3174/why-traditional-ai-should-be-used-alongside-generative-ai-for-fraud-prevention?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 01 Aug 2024 10:31:00 GMT At EBAday 2024, Marc Corbalan, Vice President, A2A Risk Solutions, Visa, explores fraud detection advances and strategies. Generative AI is truly revolutionary and outperforms traditional AI when it comes to analysing text, voice, and imagery, namely describing when transactions are risky. However, Generative AI struggles with numerical data that includes patterns, which is what fraud analysts using search for. This is why traditional AI must be used alongside Generative AI. https://www.finextra.com/event-info/541/behavioural-biometrics-meeting-the-deployment-challenge?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/event-info/541/behavioural-biometrics-meeting-the-deployment-challenge?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 01 May 2025 15:00:00 GMT How should financial institutions deploy behavioural biometrics? https://www.finextra.com/event-info/550/a-new-era-of-kyc---why-its-time-to-redefine-client-onboarding?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/event-info/550/a-new-era-of-kyc---why-its-time-to-redefine-client-onboarding?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 08 May 2025 15:00:00 GMT How financial institutions can streamline their onboarding to create safer and faster processes, improve compliance, and boost customer satisfaction. https://www.finextra.com/event-info/553/ai-in-the-wrong-hands-exploring-modern-cybersecurity-concerns?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/event-info/553/ai-in-the-wrong-hands-exploring-modern-cybersecurity-concerns?utm_medium=rssfinextra&utm_source=finextrafeed Tue, 20 May 2025 15:00:00 GMT How can financial institutions develop advanced, resistant AI strategies to stay one step ahead of cybercriminals? https://www.finextra.com/event-info/556/the-final-countdown-whats-next-for-verification-of-payee-?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/event-info/556/the-final-countdown-whats-next-for-verification-of-payee-?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 12 Jun 2025 15:00:00 GMT Verification of Payee (VOP) is around the corner. Are organisations ready? https://www.finextra.com/blogposting/28263/how-scammers-use-the-3n-model-to-deceive-users?utm_medium=rssfinextra&utm_source=finextrafeed https://www.finextra.com/blogposting/28263/how-scammers-use-the-3n-model-to-deceive-users?utm_medium=rssfinextra&utm_source=finextrafeed Thu, 10 Apr 2025 14:49:24 GMT Let’s face it, we live in a world where technology reigns. And, in this world, senior leaders face i... https://www.finextra.com/banners/banner.aspx?opt=ad&baid=7692 https://www.finextra.com/banners/banner.aspx?opt=ad&baid=7692 Wed, 05 Mar 2025 00:00:00 GMT [New Report] Using modern technology platforms to create an AI-driven bank