“All banking fraud across the Internet, telephone, and in-person banking (people still do that?) – grew 159% in the first quarter of this year compared to the last quarter of 2020. Online banking, which accounts for 96% of all banking transactions, made up 93% of all fraud cases. The analysis reportedly covers more than 12…
Tag: Feedzai
Feedzai raises $200M at a $1B+ valuation for AI tools to fight financial fraud
“Feedzai, which provides banks, others in the financial sector, and any company managing payments online with AI tools to spot and fight fraud — its cornerstone service involves super-quick (3 millisecond) checks happening in the background while transactions are being made — has announced a Series D of $200 million. It said that the new…
SafetyPay partners with Feedzai to protect customers from fraud with AI
“SafetyPay currently partners with 380 banks in 17 countries worldwide, across Latin America, Europe and North America. With a shared goal of making banking and commerce safe, the partnership with Feedzai enhances SafetyPay’s security, harnessing AI to protect customers across borders from fraudulent risks in real-time.” https://www.prnewswire.com/news-releases/safetypay-partners-with-feedzai-to-protect-customers-from-fraud-with-ai-300999044.html
AI: Reinventing the Banking Experience
Day 2 of the ABA Digital Banking Conference is complete and my favorite session of the day was titled “AI: Reinventing the Banking Experience.” The panel was moderated by Tiffani Montez of Aite Group (former WellsFargo executive.) Notes from the session: Rob Guilfoyle – Abe.ai FIs with a culture and leadership that are willing to…