PYMNTS

MARCH 22, 2018

Fraud detection startup Sift Science has raised $53 million in a series D round, bringing its total amount raised to $107 million. Founded in 2011, Sift Science plans to use this latest round of funding to grow its fraud detection and prevention product globally. Clients include Twitter, Airbnb, Twilio, Instacart, Zillow and Yelp.

Fraud 108

Fraud Atlanta Capital Big Data 108

Insights on Business

JUNE 3, 2019

Because of this, traditional rules-based fraud detection systems have become outdated and no longer work. Today, real-time payments require real-time fraud detection. Modern payment fraud schemes require modern prevention. Data-science-project-turned-fraud-prevention-solution vs. purpose-built-fraud-prevention-solution.

Fraud 138

Fraud Data Payments System 138

NCR

MAY 22, 2017

Big data has been one of the tech industry’s most popular buzzwords for a few years now. But as the number of data sources grows and technology to process it becomes more powerful, the trend is changing from a nice-to-have addition to becoming an essential part of any company’s offering. Fighting fraud.

Big Data 85

Big Data Data social media Fraud 85

PYMNTS

MAY 3, 2017

NACHA may have assured some banks that Same Day ACH hasn’t led to an increase in payments fraud, but concerns remain widespread about how the initiative and other faster payments efforts will reduce the window of opportunity for FIs to detect and prevent an incident. We do believe that there will be a greater uptick in fraud attempts.”.

Fraud 113

Fraud Payments Analytics Data 113

PYMNTS

APRIL 22, 2020

Insurance fraud is not a new phenomenon, but it is a prevalent one. Insurance providers are taking action to mitigate such problems and keep their operations and customers safe from fraud, however. Insurance providers are taking action to mitigate such problems and keep their operations and customers safe from fraud, however.

Fraud 200

Fraud Data System Policies 200

PYMNTS

FEBRUARY 13, 2020

What is necessary, said Xie, is a different, more holistic paradigm for fighting fraud – with a broad goal of not adding more authentication steps, but fewer. And there is no technological innovation coming down the pipeline that will put that information back in the box. Learning to Spot the Good Customers.

Fraud 245

Fraud Security Analysis Data 245

PYMNTS

JULY 25, 2019

The latest Digital Fraud Tracker explores why fraudsters are still relying on phishing as a major strategy even as they increase their use of new technologies and techniques. An uptick in fraud also means a growing online fraud prevention market. And digital fraud is increasingly being targeted at the weakest links: humans.

Fraud 172

Fraud Analytics Security Data 172

Bobsguide

MAY 16, 2016

In financial services, access to big data and analytics is creating a huge opportunity to improve everything from efficiency, accuracy and speed to fraud prevention. Specialising in analytics, business intelligence and data management, SAS aims to help its customers make important decisions faster,

Big Data 99

Big Data Analytics Fraud Innovation 99

PYMNTS

DECEMBER 29, 2016

Traditional banks have continued their sloth-like pace in FinTech adoption, added Galarza, which has led corporates to seek innovative services from non-bank players. “In In the accounting industry, businesses already trust providers of Software-as-a-Service (SaaS) with their most valuable asset: data,” he said. “Top

Security 181

Security Fintech Boston Groups 181

PYMNTS

JANUARY 14, 2021

One unfortunate result of this shift has been an uptick in fraud, with bad actors taking advantage of digital channels to victimize customers and retailers more easily than they could during face-to-face interactions. It turns out there was a big data breach. … How Swap.com Stomps Out Fraud.

Fraud 143

Fraud Miami Security Retail 143

PYMNTS

JANUARY 17, 2018

Of these, Big Data, blockchain and AI are integral to a successful and progressive FinTech industry.”. The company announced the financial support while noting it aims to develop its own Big Data and AI solutions and to apply blockchain, cloud and SaaS technologies into its operations as well.

Trends 116

Trends Big Data blockchain Regional 116

PYMNTS

OCTOBER 2, 2018

Wily sorts, who go with the flow of innovation and see the sea changes inherent in payments. Squeezed out of tried-and-true methods of card fraud (thanks in no small part to EMV), the fraudsters are eyeing how to interfere with the money that firms legitimately send in the course of normal, daily business life. A note of caution rings.

Fraud 149

Fraud Course System Big Data 149

PYMNTS

OCTOBER 9, 2018

This partnership signals a deep collaboration with Microsoft on an array of technology projects, including big data and artificial intelligence, that will transform the delivery of everyday services and mobility solutions in Southeast Asia,” said Ming Maa, president of Grab, in the press release.

Regional 150

Regional Big Data Mobile Customer Experience 150

PYMNTS

JUNE 12, 2018

Other construction firms like Procore and FLUX have earned multimillion dollar funding rounds from big-name VCs, too, as innovators tackle the nuanced complexities of an industry. The construction sector is also held back by a continued reliance on manual processes and paper, despite the recent attention of tech innovators.

Fraud 131

Fraud Industry Innovation Technology 131

Insights on Business

DECEMBER 7, 2017

In finance, AI is helping detect and fight fraud before it can be detected by humans. By using APIs, these small but dynamic businesses are able to innovate with agility and speed that larger established banks and financial institutions are unable duplicate. FinTech is an industry that continues to be on the forefront of innovation.

Trends 145

Trends Technology Fintech blockchain 145

Insights on Business

FEBRUARY 11, 2019

This is magnified by the necessity of a tailored approach while implementing payment fraud prevention as well. The purpose-built real-time ‘dual-access’ datastore for payment fraud prevention. In the past, fraud patterns generally did not change much over time. Wednesday, 5:30 PM – 6:10 PM.

Fraud 70

Fraud Management Resources Analysis 70

PYMNTS

MARCH 8, 2019

That concern, in fact, serves as one of the main barriers that prevents financial institutions (FIs), payment service providers and other businesses from monetizing their customer data. Those companies that fail in their data-monetization efforts run the risk of falling behind on innovation, and losing customers and revenue.

Data 170

Data Strategy Maine Innovation 170

NCR

AUGUST 10, 2017

This tech-driven transformation of the payments and retail sectors is set to continue, so what impact could the most cutting-edge innovations have in the years to come? Taking full advantage of digital wallets could put retailers in a stronger position to meet a big challenge: living up to customer expectations.

Industry 75

Industry Retail Innovation Payments 75

PYMNTS

SEPTEMBER 6, 2016

Payments had been relatively static with innovation around cash, checks and credit cards. Then, there was sudden exponential growth in innovation. It’s not exactly a newsflash, Jenkins said, that the rate of innovation in payments over the last four years has been fast-paced, transformative and disruptive.

Security 100

Security CA Payments Big Data 100

Let's Talk Payments

APRIL 19, 2016

Big data has become an immense part of any sort of sophisticated decision-making tool for financial institutions. The importance of consolidated structured records on customer financial (and not only) behavior.

Big Data 40

Big Data Data Tools Analysis 40

PYMNTS

JANUARY 1, 2019

Investigators were looking into fraud at Tether; crypto exchanges were being preyed on by hackers. There was also a big data track and one for biometrics. It’s a big part of my job, and anyone who knows me knows how innovation excites me. The goldrush got out of hand. Over-exuberance gave way to reality.

Bitcoin 168

Bitcoin Payments Conference cryptocurrency 168

PYMNTS

AUGUST 25, 2016

For more than a decade, Rich has been involved in developing fraud mitigation, compliance and Big Data strategies. His background in enterprise-class systems has helped shape Kount’s into an industry-leading platform that helps clients boost sales and beat fraud. CEO, Market Platform Dynamics.

Compliance 100

Compliance Fraud Innovation Big Data 100

PYMNTS

MARCH 22, 2016

Alexander, at PYMNTS’ Innovation Project 2016 last week at Harvard, gave a sobering reality check about the cybersecurity threats that could become an even scarier reality in the click of a button. “We are way behind,” Alexander told the crowd of innovators. And we can thank innovators and new technologies for that.

Fraud 100

Fraud Security Innovation Course 100

PYMNTS

SEPTEMBER 27, 2016

– Fraud syndicates and violators that return again and again. Chief Executive Officer Allison Guidette is responsible for setting the strategic direction and driving customer-centric innovation and growth at G2 Web Services. – Prohibited drug and pharma sales concealed by Transaction Laundering.

Payments 100

Payments Virginia Innovation Big Data 100

BankUnderground

JUNE 25, 2020

But potential fragmentation of the global data supply chain now poses a novel risk to financial services. In this blog post, we first discuss the importance of data flows for financial services, and then potential risks from blockages to these flows. Big Data and financial services.

Data 131

Data Big Data Regulation Risk Management 131

Celent Banking

SEPTEMBER 30, 2015

While Dan was the one really working (he presented on “How Big Data can change Financial Services”) I mingled around the participants of this vibrant ecosystem encompassing entrepreneurs, financial institutions, investors, and regulators among other stakeholders.

America 100

America Fintech Big Data Regional 100

FICO

MARCH 18, 2020

In that blog I introduced FICO’s patented Multi-Layered Self-Calibrating (MLSC) fraud model , which we have successfully deployed to overcome regional- and usage-specific variations in normal prepaid card spending behaviors, and find more prepaid card fraud. Put on your data scientist propeller beanie and let’s go! You made it!

Fraud 52

Fraud Cards ATM Groups 52

FICO

SEPTEMBER 11, 2017

Stephen Fry – a much-loved British comedian with a ferocious love of new technology – commented recently that artificial intelligence and other new technology innovations will transform society even more than the industrial revolution or the introduction of the printing press. He may be right. At FICO, we see examples all the time.

Exercises 90

Exercises Fraud Analytics Data 90

FICO

AUGUST 6, 2018

For more than 25 years, the Falcon consortium has served as the world’s largest collection of payment card transaction details , consisting of the diverse fraud and non-fraud truncation assets that have spawned 80+ fraud-focused artificial intelligence and machine learning patents, with 30+ patents pending. a negative file).

Fraud 45

Fraud Data Payments Big Data 45

PYMNTS

APRIL 25, 2018

Sunil Madhu, founder, and original CEO, will focus on platform innovation and work with Thimot on new market opportunities as Socure’s new Chief Strategy Officer, the company said in the press release. “I I look forward to further accelerating our expansion while maintaining Socure’s focus on customer satisfaction and innovation.”.

Analytics 100

Analytics Big Data Innovation US 100

PYMNTS

JUNE 3, 2016

“It’s a huge anomaly,” said Small Business Administration Head of Innovation and Investment Mark Walsh, referencing the ability for startup founders to make it without venture capital. Data & Business Intelligence. Featurespace wasn’t the only startup this week operating in the data analytics game.

Security 100

Security Data Analytics Capital 100

PYMNTS

JUNE 7, 2016

This particularly dynamic area of financial services, FinTech and payments is transforming how everyone across the greater financial ecosystem thinks and acts when it comes to security, fraud and protecting identities. is approaching a couple thousand dollars, and each incident of eCommerce fraud is costing merchants several hundred dollars.

Big Data 100

Big Data Data Fraud Trends 100

CFPB Monitor

FEBRUARY 17, 2017

According to the CFPB, the RFI stems from the Bureau’s desire “to encourage responsible innovations that could be implemented in a consumer-friendly way to help serve populations currently underserved by the mainstream credit system.” A link to register is available here.

Data 84

Data West Virginia Big Data Lending 84

PYMNTS

JULY 7, 2017

million in fresh funding, Australia’s EFTsure is looking to combat the more than $500 million in payments fraud the nation’s enterprises face every year. The company’s latest investment round was led by Our Innovation fund, also based in Australia. Invoice Finance. This week, Previse announced early $2.6 Corporate Banking.

Capital 100

Capital Fraud Management Mobile 100

PYMNTS

AUGUST 15, 2018

BioCatch said it uses its founders’ expertise in big data, machine learning and AI “to address the next generation of cyber threats by focusing on the behavior of the fraudster as opposed to adding new endpoint security layers,” according to a statement. “The The general aim of the PSD2 is payments innovation.

Fraud 112

Fraud Software New York Security 112

PYMNTS

DECEMBER 1, 2016

Disruptive, innovative technology can change markets in ways that could never have been predicted. The rise in Big Data, for instance, has encouraged the exploration of new ways to make use of digital payments data. “We’re moving towards more of a real-time economy.”

Data 100

Data Cards Management Taxes 100

NCR

JULY 12, 2017

But when it comes to making the best use of digital information, is there a difference between simply having access to this information and truly understanding what data we already have and how it can be used effectively?12. A few key use cases for big data have been around for some time. The benefits of being data-driven.

Data 80

Data Analytics Big Data Community Bank 80