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
As global financial systems grapple with rapidly evolving challenges, financial crime compliance is undergoing a significant transformation. Political upheavals, stringent regulatory demands, and groundbreaking technological advancements are exerting immense pressure on traditional finance systems.
Friendly fraud is emerging as a significant challenge in the fintech industry, exacerbated by the surging popularity of e-commerce. As consumers increasingly turn to online platforms for their shopping needs, instances of family members falsely denying purchases have surged, presenting a myriad of
