Binance, a global blockchain ecosystem and cryptocurrency infrastructure provider, has announced the launch of Bifinity, a payments technology company and its official fiat-to-crypto payments provider. Bifinity was established in 2021

The post Binance Launches New Fiat-To-Crypto Payments Provider Bifinity appeared first on Fintech Singapore.

The threat actor behind a nascent Android banking trojan named SharkBot has managed to evade Google Play Store security barriers by masquerading as an antivirus app. SharkBot, like its malware counterparts TeaBot, FluBot, and Oscorp (UBEL), belongs to a category of financial trojans capable of siphoning credentials to initiate money transfers from compromised devices by circumventing

As BNPL platforms grow in popularity, experts warn that cybercriminals could target them using synthetic identity fraud and first-party fraud.

This is a sponsored post by Carol Hamilton, Senior Vice President, Global Solutions at Provenir. New survey data reveals uncertainty in the accuracy in credit risk modeling, underscoring the need for AI, machine learning, and alternative data. Consumer credit markets have changed dramatically over the past two years during the Covid-19 pandemic, translating into economic Read more...

The post Resolving the Financial Fault Line in Credit Risk Decisioning appeared first on Finovate.

Financial tycoon, JPMorgan Chase (JPM), said it is making a "strategic investment" in San Francisco-based blockchain intelligence platform TRM Labs, aiming at expanding the crypto business. (Read More)

GB Bank says the partnership will reduce friction in customer journeys and enhance its risk mitigation.

More than 50,000 individuals have downloaded a new Android banking trojan through Google Play, according to online fraud detection firm ThreatFabric.

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The Manila-based start-up has now raised around $46 million in total capital.

Adds speed, efficiency and synthetic identity fraud protection to the sales process

(PRWeb February 22, 2022)

Read the full story at https://www.prweb.com/releases/700credit_and_cox_automotive_announce_enhanced_integration/prweb18509831.htm

Early-stage bot detection and mitigation company Netacea has  closed a $12 million (£9 million) Series A investment to build out its anti-fraud technology platform.

The investment was led by Mercia Asset Management,  with participation from a wide range of private investors with experience in the cybersecurity industry.

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The biggest misconceptions about artificial intelligence are that it’s too advanced, costly, and complex for teams to integrate and manage successfully. People tend to think of AI in terms of large machinery or a C-3PO type robot, but AI technology mostly exists behind the scenes on cloud or software platforms, which can make it quite simple to deploy. Over the past decade, advances in cloud computing and data availability have made AI technology available to more organizations than ever before. Quavo was the first Fintech to identify AI opportunities for fraud and dispute resolution processes. Not […]

  By FintechNews staff The FinTech industry is distinguished by its high degree of innovation within a complex ecosystem that includes, among others, banks, financial service providers, and start-ups. Not surprisingly, then, in recent years, it has relied heavily on artificial intelligence (AI) and machine learning (ML) for strategic decision making, customer insights, understanding consumer […]

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