The evolution of technology has significantly impacted various sectors, and the financial industry is no exception. One area that has seen notable improvements due to tech integration is fraud prevention in lending. This article explores how advancements in technology have bolstered fraud
The Middle East is on the cusp of a financial revolution, thanks to the strategic partnership between UK-based technology company Ondato and Middle East-based Softrobotics. This collaboration aims to enhance the digital payment infrastructure and identity verification processes for financial
Artificial Intelligence (AI) is no longer a futuristic concept—it is a reality reshaping industries across the globe, and fintech is no exception. In 2024, AI's transformative power in fintech is evident from the way it is driving innovation, improving efficiencies, and enabling new business
Visa's recent acquisition of Featurespace, a leader in real-time AI-driven fraud prevention technology, stands as a monumental event in the financial technology (FinTech) industry. The move is not just a testament to Visa’s commitment to securing global transactions but also marks a significant
In today’s rapidly evolving digital financial landscape, combating fraud has become more critical than ever. With the increasing incidence of fraud—especially through digital channels—financial institutions and fintech companies are in dire need of sophisticated solutions to safeguard transactions.
The dramatic increase in digital financial transactions has also seen a rise in fraudulent activities, posing significant challenges to financial institutions worldwide. In response, Galileo Financial Technologies, a subsidiary of SoFi Technologies, has introduced two innovative products designed
