Tagged: feedzai

Nearly $160B Lost to Fraud and Scams, Research Report Claims

The rise of fraud in the United States continues apace, costing a huge $159 billion in one year alone, according to new research released today by Feedzai in partnership with the Global Anti-Scam Alliance (GASA). The 2023 State of Scams report shows “that nearly a… Read More

Feedzai, Mastercard Launch Crypto Fraud Protection Solution

Feedzai, a financial crime and risk management solution, and Mastercard are combining technologies to increase crypto fraud protection for hundreds of millions of consumers. Today, an estimated 40% of scam transactions exit directly from a bank account to a crypto exchange. According to Feedzai’s recent… Read More

Feedzai Report: Over 80% of Organizations Across APAC are Using AI to Address Fraud

Feedzai, the world’s first RiskOps platform for financial risk management, and Chartis Research, leaders in risk technology research and insights, have released a joint report exploring how financial firms are responding to fraud in the APAC region. Leading the charge in the global fight against… Read More

Financial Crime Prevention: Feedzai and CoreCard to Protect Processing Market Against Fraud

Feedzai, the provider of financial crime and risk management solutions, has partnered with CoreCard, the international provider of prepaid and credit technology solutions and processing services to banks and the financial technology and services market. The partnership will enhance CoreCard’s fraud detection and prevention capabilities… Read More

AI Is Most Effective Method for Improving AML Processes, According to Research from Feedzai

AI [artificial intelligence] is the most effective method for improving anti-money laundering (AML) processes and efficiencies according to AML professionals, research from Feedzai, a provider of financial crime and risk management solutions Feedzai’s The State of Global Anti Money Laundering Compliance Report 2023 surveyed compliance… Read More

Feedzai Introduces Fraud Detection Engine, Leveraging AI to Defend Consumers from Financial Crime

Feedzai, a provider of financial crime and risk management solutions, is introducing Railgun, its next-generation AI engine designed to target and intercept financial fraud before it can occur. In order to scale, today’s risk engines force financial institutions to limit the data they use to… Read More

Financial Risk Management: Novobanco, RiskOps Platform Feedzai to Enhance Client Engagement

Feedzai, which claims to be the world’s first RiskOps platform for financial risk management, has partnered with Portuguese bank Novo Banco S.A. (Novobanco) “to further enhance the bank’s customer experience, improve its digital journey and provide best in class fraud protection.” Novobanco is a domestic… Read More

Financial Crime, Risk Management: Feedzai Launches Advanced AI, Additional Capabilities to Prevent Scams

Feedzai, a provider of financial crime and risk management solutions, today announced significant enhancements to its RiskOps Platform, “enabling banks to better protect their customers from a wide variety of financial scams.” These new Feedzai ScamPrevent capabilities “deliver detection, classification, and interception of the widest… Read More

Financial Risk Management Platform Feedzai Reports that Majority of Consumers have Been a Victim of Financial Crime

Feedzai, which claims to be the world’s first RiskOps platform for financial risk management, has released its latest report – The Human Impact of Fraud and Financial Crime on Customer Trust in Banks. The report, “based on research of 4,000 consumers in the UK and… Read More

Feedzai, UK Finance to Highlight Challenges for Banking Sector, Identify Potentially Fraudulent Activities

Feedzai, the firm focused on fighting financial crime with AI, has partnered with UK Finance, the trade association for the UK’s banking and financial services sector, to deliver its Annual Fraud Report. UK Finance has chosen Feedzai as the lead sponsor and contributor “for the… Read More

Financial Crime Prevention Fintech Feedzai Joins Global Anti-Scam Alliance

Feedzai, a key player focused on fighting financial crime with AI, has joined the Global Anti Scam Alliance (GASA) – a not-for-profit organisation whose goal is “to protect consumers across the world from scams – as a corporate member.” GASA brings together governments, law enforcement,… Read More

These are the Top Countries Committing Fintech Fraud: Report

Fraud and scams will always persist. While the game largely remains the same the methods will change and adapt as technology allows. The cat and mouse process continues with bad actors looking to part honest money from good people and evade immediate detection. Meanwhile, there… Read More

FeedZai, Trust Payments Partner on Risk Management

Trust Payments has announced a multi-year partnership with Feedzai, a “RiskOps platform for financial risk management.” According to a release, by using Feedzai, Trust Payments’ customers will benefit from an advanced cloud-based risk management platform, powered by machine learning and artificial intelligence. Daniel Holden, Group… Read More

Fraudsters Will Adapt in 2022: Here’s How, Says Feedzai SVP

Fraudsters are changing with the times, and Feedzai SVP of product management Andy Renshaw recently shared his thoughts on how they will behave in 2022. For starters, they’ll be more patient, Renshaw believes. Many online security measures are serving their purpose and eliminating the low-hanging… Read More

Cloud enabled Financial Risk Platform Feedzai and Berlin’s BaaS Fintech SolarisBank Announce Partnership

Feedzai, a US Cloud-powered financial risk management platform, and Berlin’s Banking-as-a-Service (BaaS) service provider Solarisbank have entered a multi-year partnership (announced at Money20/20 Europe). Through the partnership, Solarisbank will be leveraging Feedzai’s innovative tech, which will allow them to apply a proper risk management approach… Read More

Synctera Introduces Payment Card and Fraud Prevention Services, Signs Up Plaid, Feedzai, Finix as Partners

Synctera, a new solution for partnership banking at scale, reveals that it has introduced two key services, Synctera Card and Synctera Fraud. The company also confirmed the signing of Fintech Plaid, Feedzai, and Finix as strategic business partners. Synctera Card, which has been launched after… Read More

Financial Risk Management Platform Feedzai Buys Revelock

Financial risk management platform Feedzai has acquired Revelock a biometric ID platform. Revelock technology will be immediately integrated into the core Feedzai platform with historical behavioral biometric intelligence available.  Feedzai claims the purchase has created the world’s largest AI-powered financial risk management platform calling the… Read More

Financial Risk Fintech Feedzai Raises $200 Million led by KKR, Valuation Tops $1 Billion

Feedzai, a cloud-based financial risk management platform, has raised a $200 million Series D round led by KKR, with participation from existing investors Sapphire Ventures, and Citi Ventures. Feedzai said the funding placed a valuation on the firm in excess of $1 billion. The company… Read More

Banking Circle Survey: 42% of Senior Bankers Say Outdated Tech Is Major Hurdle in Adopting AI to Improve AML Processes

Banking Circle, a financial infrastructure developer, notes that the rapid and widespread digital adoption by banking clients, and the accelerated digitalization across financial services following the COVID-19 outbreak have “expanded the opportunity for fraud.” Criminals are increasingly exploiting “gaps” found between digital solutions or platforms,… Read More

Send this to a friend