Frauds | News & Analysis | World Fintech News

The image of a finance professional touching a digital verification button illustrates the increasing prevalence of deepfake scams.

Frauds

Detecting and Preventing Deepfake Fraud in Today’s World

World Fintech News June 2, 2023 0

Forced checking emerged as a significant global trend in recent times, growing by a staggering 1500% in Germany alone. In the first quarter of 2023, forced verification accounted for 5 percent of all fintech fraud cases, up from 0.3 percent in 2022. The report revealed a considerable increase

Stampli's warning on Fintech Fraud is illustrated with a vector illustration of the electronic security financing concept.

Frauds

Stampli Raises Concerns over Accounts Payable Fraud

World Fintech News June 1, 2023 0

Stampli, the leader of an AI-powered Accounts Payable automation, stated that businesses should take precautions to avoid being victimized by fraudsters attempting to submit untrue banking information to get fraudulent payments amidst the financial crisis of the regional banking industry. Fraudsters posing as a company’s current vendor may get in touch with the

Hacking detection in business illustrates Experian's new Hunter network to fight fraud.

Frauds

Experian’s Innovative Network Tackles Fraud Risk in FinTech

World Fintech News May 27, 2023 0

Experian recently introduced a FinTech-centric variant of its prevention of fraud network in the United States. This new version of the Hunter network is being implemented in response to an increase in fraud in the FinTech industry, as announced on May 10th. The company stated in a press release that the network provides users with […]

Fintech and digital innovation concepts are used to illustrate composable technology in Fintech.

fintech platforms

Composable Technology – An Interesting Fintech Development

World Fintech News May 27, 2023 0

As of May 10, 2023, the industry for composable technology is expanding at a rate of 50.4% per year. An interesting fintech development is introducing new composable origination technology to capture a larger share of this expanding market. Composable software is a cutting-edge technology that enables users to access a library of pre-built modular components […]

A young entrepreneur working on a virtual screen of the future sees the inscription: Fraud prevention is used to illustrate Swissquote choosing NetGuardians to fight financial crime.

Frauds

Swissquote & NetGuardians Team Up to Avoid Financial Crime

World Fintech News May 26, 2023 0

Swissquote has selected NetGuardians for better fintech fraud prevention and to meet AML regulations. The NetGuardians, based on artificial intelligence, monitors all bank and digital finance app ‘Yuh’ transactions. The software developed by NetGuardians will assist Swissquote in bolstering the bank’s protection against Authorized Push Payment (APP) along

A double-exposure image of a hacker sitting at a desktop on a blurry office background illustrates the concepts related to Hindenburg accuses Block of Fraud.

Frauds

Block Stock Tumbled As Hindenburg Accuses of Fraud

World Fintech News April 5, 2023 0

Hindenburg Research stated it had taken a short position in Jack Dorsey’s payment firm; Block shares fell roughly 15% by Thursday’s close. A short report on this tech stock fall claimed that Block’s inadequate oversight of the platform enabled illicit activities and artificially boosted Cash App’s transactional user base. According to Hindenburg,

A double exposure image of a hacker trying to damage confidential information and steal stock market shares illustrates the concept of fraud and financial crime.

Risk Analysis Frauds

ITFA Forms Global Fraud Prevention Group for Trade Finance

World Fintech News March 25, 2023 0

In recent times, Triterras joined the ITFA. Being powered by blockchain technology, it became a trade finance service provider. Membership in ITFA allows everyone to connect with peers worldwide, share insights on managing the risks associated with maintaining and establishing trade, and study new approaches to risk analysis. Most financial institutions are introduced

A businessman in front of a decision with a REPUTATION inscription illustrating a fight for reputation.

Frauds Allegation

High-Stakes Fight for iSignthis and Its Future in Fintech

World Fintech News March 21, 2023 0

iSignthis, an Australian fintech startup, is currently engaged in a legal fight with the ASIC (Australian Securities and Investments Commission) on allegations of misleading the market, but the company’s former CEO, John Karantzis, has been conspicuously missing from the proceedings. The former “major-general” of the firm, Karantzis, has been based in

Image of an anonymous hacker committing a blockchain fraud crime.

Risk Analysis Frauds

RBI’s Sandbox: Where Fintech Meets Fraud-Proofing

World Fintech News March 20, 2023 0

The RBI’s 4th cohort of the sandbox scheme, which aims to prevent and mitigate financial fraud, has selected six entities, including HSBC and Creditwatch, to participate in the test phase of the programme. The programme’s overall goal is to reduce the incidence of financial fraud. The Central Bank of India requested applications on January 5 […]

The image illustrates the concept of AI and technology in a global business network to describe Monnai's AI-driven funding.

Frauds Risk Analysis

Monnai’s AI-powered Insights Platform Gets $6.5m

World Fintech News March 18, 2023 0

Fintechs can now benefit from Monnai’s consumer insights platform thanks to the company’s $6.5 million Series A funding round. Tiger Global has led an investment round where current investors like Better Future Ventures, Emphasis Ventures, and 500 Global have also participated (EMVC). The funds will improve the company’s decision-making capacity using