ChannelLife UK - Industry insider news for technology resellers

Fraud prevention stories

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Ecommpay incorporates Bacs & SEPA Direct Debit via GoCardless alliance
This month
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fintech
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gocardless
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product management
Ecommpay expands market reach in the UK and Europe, forecasting a 44% growth, by integrating Bacs and SEPA Direct Debit capabilities via GoCardless, enriching their payment suite for FinTech and e-commerce merchants.
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Bertrand Dezard joins Mangopay to extend fraud prevention reach
This month
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ai
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cybersecurity
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european
Bertrand Dezard joins Mangopay as Head of Sales for Fraud, focusing on global growth and expansion of anti-fraud offerings, particularly in Europe and Latin America.
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Australian businesses fortify defences amid rising financial fraud
This month
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cx
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martech
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email security
Australian businesses tighten cyber defences amid a 354% surge in account takeover fraud, resulting in a record $3.1B loss, calling for strategies that balance fraud prevention with user experience.
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Financial institutions increasingly deploy AI in fight against fraud
This month
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ml
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compliance
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ai
Amid growing fraud concerns, a study reveals 70% of financial institutions are turning to AI and machine learning to bolster defenses, marking a notable shift towards tech innovation.
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FICO survey reveals identity theft & fraud fears among Indonesians
This month
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accounting systems
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physical security
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digital banking
FICO's study reveals prolonged fears of identity theft among Indonesians, as 36% remain anxious, heightening vulnerabilities to financial loss and credit damage amid growing risks from real-time payments.
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European consumers seek flexible return policies – study
Last month
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inflation
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consumers
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fraud prevention
European consumers value flexible return policies and payment options, posing a potential trillion-dollar return cost to retailers by decade's end.
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Traceable AI reports 300% revenue boost & strengthens leadership team
Last month
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global expansion
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expansion
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globe telecom
Traceable AI, a key player in API security, celebrates its year with revenue upwards of 300%. In addition, the firm bolstered its executive team and initiated new products and partnerships.
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Singtel's SingVerify to tackle scams, boost digital security
Last month
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malware
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phishing
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email security
Singtel introduces SingVerify, a novel digital security toolkit aimed at combating scams by verifying customer identities in real-time.
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SEON report warns of complex fraud challenges ahead in 2024
Last month
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phishing
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ml
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physical security
SEON's 'Fraud Trends 2024' report warns of growing fraud challenges for businesses, citing AI advancements, Fraud-as-a-Service, and economic pressures as key factors.
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Denodo has been name a Leader in enterprise data fabric
Last month
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big data
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bi
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cx
Data management leader Denodo earns high recognition from Forrester Research for next-gen enterprise data fabric support.
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Officeworks partners with Appriss Retail to combat rising theft
Fri, 23rd Feb 2024
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big data
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data analytics
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bi
Amid a 55.7% surge in retail theft in New South Wales, Officeworks teams up with data analytics firm Appriss Retail to counter shrink across its 169 Australian stores.
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Basware unveils global expansion plans after bookings surge by 52%
Thu, 22nd Feb 2024
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martech
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cx
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compliance
Following a 52% surge in bookings, global AP automation leader Basware reveals expansive growth strategy, with a firm focus on AI innovation, customer growth, and fraud prevention.
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Fraud experts predict tripled use of AI tools by 2024
Fri, 16th Feb 2024
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ml
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biometrics
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ai
Amid growing cybercrime threats, a report indicates that 83% of anti-fraud professionals plan to integrate generative AI into their tools by 2024, tripling its current use.
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Visa's AI averts fraud worth $273m in New Zealand banks
Thu, 15th Feb 2024
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commerce systems
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martech
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payment gateways
Visa uses AI to help New Zealand financial institutions prevent $273m in fraud, marking a three-fold increase from 2021 and highlighting the pivotal role of AI in financial security.
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Data Zoo names former London Stock Exchange exec as new CEO
Tue, 13th Feb 2024
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compliance
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global expansion
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identity
Data Zoo, an award-winning global identity provider, has appointed former London Stock Exchange Group executive, Charlie Minutella, as its new CEO, signalling a major strategic shift.
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Visa's AI technology thwarts $714m fraud in Australia
Tue, 13th Feb 2024
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cloud services
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ransomware
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phishing
Visa's AI-powered fraud solution has blocked $714m in attempted scams in Australia, over double the previous year's figure.
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iDenfy partners with StackGo to enhance SME compliance solutions
Tue, 30th Jan 2024
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edutech
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saas
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compliance
Lithuania's iDenfy partners with StackGo to boost the Australian firm's SaaS solutions for SMEs in regulated sectors, employing Anti-Money Laundering screening for smarter compliance.
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HID & Olea Kiosks merge for advanced facial recognition solutions
Thu, 25th Jan 2024
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cloud services
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biometrics
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it in healthcare
HID teams up with Olea Kiosks to offer a revolutionary user experience by integrating facial recognition technology in access control and authentication across various industries.
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SEON appoints ex-Uber executive Björn Heckel as new CTO
Wed, 24th Jan 2024
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big data
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bi
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ml
Fraud prevention platform, SEON, recruits Björn Heckel, seasoned tech executive from Uber and Salesforce, as CTO to reinforce its commitment to fighting fraud and boosting enterprise solutions.
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LRN's anti-fraud courses receive accreditation in Singapore
Fri, 19th Jan 2024
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cybersecurity
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financial crime
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aml
Singapore battles rising online scams as LRN Corporation delivers accredited courses to enhance ethical practices in the financial sector, in line with the Monetary Authority regulations.
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Aussie consumers troubled by fake online reviews, new study reveals
Thu, 18th Jan 2024
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cx
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martech
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reviews
A new study reveals 78% of Australian shoppers are anxious about fake reviews, prompting the need for government and brand intervention to verify online content authenticity.
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Monavate teams up with Kasssh to boost cash payments in UK e-commerce
Tue, 12th Dec 2023
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apple
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martech
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commerce systems
Monavate collaborates with startup Kasssh to allow UK online retailers to accept cash payments from customers.
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Provenir & Trustfull team up for global risk decisioning enhancement
Wed, 29th Nov 2023
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martech
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cx
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user interface
Trustfull has partnered with Provenir, broadening access to data sources via the Provenir Data Marketplace to enhance the efficiency of global risk decisions.
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Black Friday & Cyber Monday see rise in 'false positives', warns SEON
Tue, 28th Nov 2023
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black friday
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holiday season
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sales
Black Friday and Cyber Monday sales lead to rise in 'false positives', warns SEON, complicating transactions for merchants.