The rise of digital transactions and the increasing sophistication of scammers have made fraud protection a pressing concern for consumers and regulatory bodies alike. In California, the Department of Financial Protection and Innovation (DFPI) plays a critical role in safeguarding personal and
The UK's data protection regulator has recently emphasized the critical need for organizations to share customers' personal data in a responsible manner to address the escalating fraud crisis. According to official statistics, fraud has now become the most prevalent crime in England and
Cross-border payments have always been a cornerstone of global commerce, enabling businesses and individuals to transact across borders. However, the traditional systems facilitating these transactions have often been fraught with inefficiencies, high costs, and delays. The advent of blockchain and
In an unprecedented move to combat the ever-increasing threat of fraud and scam activities in Australia, the nation's major financial institutions have joined forces to launch the 'BioCatch Trust Australia' network, an innovative interbank intelligence-sharing system. This
In a groundbreaking development aimed at streamlining payment processes and enhancing fraud controls, Payfinia, Inc. has announced the launch of a new Credit Union Service Organization (CUSO) in collaboration with Star One Credit Union. This initiative is centered around the newly developed Instant
Gate City Bank's decision to partner with Alkami Technology signals a significant step towards modernizing its digital banking services. The bank, which has been serving communities in North Dakota and central Minnesota since 1923, is aiming to enhance its online experience for both retail and
