Tag: Fraud

Swedbank, ACI Worldwide alliance aids 55% drop in card fraud

A partnership between Swedish bank Swedbank and payments solutions provider ACI Worldwide has contributed to a 55% drop in card fraud.

Online payment fraud losses to hit $206bn by 2025

Merchant losses to online payment fraud is expected to hit $206bn cumulatively between 2021 and 2025, new research claims.

Veriff, Monese partner to offer secure digital banking services to Europe

Estonian identity verification firm Veriff has teamed with mobile money app Monese to provide strengthened and secure digital banking services to European consumers.

HSBC bolsters Hong Kong offering with AI-powered equity index product

HSBC has unveiled AiPEX5, a new AI-powered equity index structured product to bolster its wealth offering in Hong Kong.

PayPal teams with Arkose to tackle fraud on its Honey platform

PayPal has entered a collaboration with online fraud and abuse prevention company Arkose Labs to tackle fraud and security threats on its Honey shopping platform.

Robust trade surveillance program reinforces market integrity in digital asset markets

Digital asset venues are finding a robust trade surveillance program reinforces market integrity and attracts investors used to operating in more transparent environments, according to regulatory expert Joseph Schifano.

FCA launches insider trading case against former Goldman Sachs employee

The UK's financial markets watchdog has commenced criminal proceedings against a former Goldman Sachs analyst and his brother, accusing them of insider trading.

The fraud detection and prevention market to reach $107bn by 2028

The fraud detection and prevention market was valued at $30.5bn in 2020, and is expected to grow at a CAGR of 19.65% by 2028.

Scalarr said to collect $7.5m in its Series A round

Anti-fraud software developer Scalarr has reportedly collected $7.5m in Series A funding.

A Texan man charged with over $5m of Covid-19 relief fund...

A man from Texas has been charged under allegations of filing bank loan applications fraudulently seeking over $5m.

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