Cloud-based AI workflows for fraud prevention
Empowering financial institutions and fintechs to build, run, and scale AI solutions.
Financial Crime & Fraud
News, intelligence and resources on the global fintech industry including topics such as financial crime & fraud.
FTC data reveals US consumers lost $12.5bn to scams in 2024
Imposter scams were the “most commonly reported scam category” according to the FTC.
Brazil’s Nubank partners OpenAI to enhance internal efficiency and customer experience
Through the partnership, Nubank has launched AI assistants, an internal search engine, call centre co-pilots, and more.
Fraud prevention platform Sardine secures $70m Series C, invests in agentic AI
Sardine plans to use the investment to roll out a series of AI agents for risk management and compliance.
Take part in our FinTech Focus 2025 video series
Register now to take part in our FinTech Focus video series in London over 2025.
IDB Bank taps ThetaRay for AI-powered transaction monitoring solution
IDB Bank will now use cognitive AI capabilities to monitor fraudulent transactions.
AML RightSource names Steve Meirink as new CEO, succeeding Frank Ewing
Meirink also joins the company’s board of directors.
ICYMI fintech funding round-up: Hyperline, Nilus, Klearly, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Boost Payment Solutions appoints Rinku Sharma as new CTO
Sharma succeeds Rick Kenneally as CTO, who retired last year after serving since 2020.
Chainalysis acquires AI fraud detection solution Alterya
Alterya’s technology and team will now be integrated into Chainalysis’ blockchain data platform.
2024: Top five fintech partnership stories of the year
FinTech Futures takes a look back at five of the top partnership stories of the year.
CFPB sues Zelle operator and major banks for “widespread fraud” on payment network
The lawsuit comes as the CFPB advances its agenda before its anticipated overhaul by the Trump administration.
Sweden’s TF Bank selects Nice Actimize for AML SaaS solutions
TF Bank has tapped Nice Actimize for its cloud-based SaaS AML Essentials offering.
November 2024: Top five fintech partnership stories of the month
FinTech Futures takes a look back at five of the top fintech partnership stories of the month.
Canadian credit card issuer Collabria Financial taps Trulioo for ID verification tech
Trulioo’s platform will be used to verify more than 14,000 ID documents and 700 million business entities.
BioCatch pilots fraud intelligence network with cohort of Aussie banks
Participating banks include NAB, ANZ, CBA, Suncorp Bank and Westpac.
What the FinTech? | S.5 Episode 20 | The future of fraud prevention – live at Money20/20 USA
In this podcast episode recorded live at Money20/20 USA, we’re joined by Ricardo Amper, founder and CEO of Incode.
Banking Technology Magazine November 2024 issue out now
Cover story: GOING GREEN – Why sustainable finance is vital.
Socure inks $136m deal to acquire AI-powered risk decisioning platform Effectiv
The deal is expected to close next month, with the entire Effectiv team set to join Socure.
Capital One commercialises AirKey authentication technology for financial institutions
75 million Capital One cards are currently equipped with the technology.
Banking Technology Magazine October 2024 issue out now
Cover story: QUANTUM LEAP OF FAITH – Preparing for the advent of Q-Day.
White paper: Cyberattacks in the financial services industry
Exploring the cyberattack threats that financial services customers face and how to improve security.
Visa to buy AI-powered fraud detection firm Featurespace
Visa says it expects to close the transaction in FY 2025.
US regulator OCC orders Wells Fargo to shore up AML and risk management procedures
The OCC has barred Wells Fargo from expanding into medium-to-high risk products and geographies without prior approval.
US identity verification start-up IDPartner Systems to shut down
IDPartner Systems closes after three years in business.
Visa reportedly in negotiations to acquire Featurespace in potential £700m deal
Featurespace provides financial crime prevention solutions for AML and fraud detection.
State of play: cybersecurity in financial services
The current cybersecurity threat landscape remains dynamic and challenging for financial services firms.
Chaos Labs lands $55m Series A led by Haun Ventures
Chaos Labs will use its latest funding to develop new products and expand its risk management platform.
Caribbean-based Proven Bank taps Ireland’s Fenergo for transaction monitoring solution
Fenergo says its solution is designed to reduce false positives and automate manual AML processes.
Video: Keyless co-founder Fabian Eberle discusses privacy-preserving biometrics
Keyless’ Fabian Eberle speaks with FinTech Futures about the growing adoption of privacy-preserving biometrics.
BBVA and Telefónica Tech team for cybersecurity push, launch dedicated centre in Mexico
BBVA says its goal is to be “prepared to respond to all types of attacks”.
The rise of instant payments: protecting consumers from criminals in 10 seconds
How can financial institutions strike a balance between speed and safety with instant payments?
New start-up Fideo Intelligence launches offering data-driven fraud-fighting solutions
The start-up operates under identity resolution SaaS platform FullContact.
PayPal hires Srini Venkatesan as new CTO
Venkatesan succeeds Archie Deskus, who has served as CTO for the past eight months.
Abacus Group acquires Tribeca Technology Group to strengthen UK presence
The acquisition follows Abacus’ GoVanguard purchase last year.
Webinar | Watch on demand | Fintech rebound: Unveiling opportunities for 2024 and beyond
Join this free webinar to learn more about the opportunities arising in the fintech industry in 2024.
The future of fraud detection: how AI revolutionizes your bottom line
Building a proactive fraud shield with AI for unstoppable banking.
Video: OMB Bank at FinovateSpring 2024 – Open banking trends and how to retain a bank’s customers
OMB Bank’s Stephen Bishop sits down with FinTech Futures to discuss the facilitation of open banking.
Account takeover fraud: the definitive guide
Discover account takeover fraud techniques, impacts, and prevention strategies in this free definitive guide.
White paper: Deepfakes and identity – ensuring authenticity in a synthetic world
Learn about detection solutions and how to safeguard digital identities in this comprehensive white paper.
