Companies

Feedzai Introduces Railgun: A Next-Generation Fraud Detection Engine, Featuring Advanced AI to Defend Millions of People From Surging Financial Crime

Feedzai

“Today Feedzai, a leading provider of financial crime and risk management solutions, is introducing Railgun, its next-generation AI engine designed to target and intercept financial fraud before it can occur.”

Tags: Feedzai

Companies

Treasury Prime Announces Partnership with Sardine to Strengthen Fraud Detection Capabilities for Enterprises and Banks on the Platform

PR Newswire

“Treasury Prime, a leading embedded banking software company, announced today its strategic partnership with Sardine , an all-in-one fraud detection, compliance, and risk management platform. This collaboration will empower companies and financial institutions within Treasury Prime’s multi-bank network to leverage Sardine’s Sponsor Bank Operating System, offering turnkey fraud management and oversee BSA/AML compliance at 3rd parties.”

Tags: Sardine

Companies

Agencies Issue Final Guidance on Third-Party Risk Management

Board of Governors of the Federal Reserve System

“Federal bank regulatory agencies today issued final joint guidance designed to help banking organizations manage risks associated with third-party relationships, including relationships with financial technology companies.”

Tags: Federal Deposit Insurance Corporation Federal Reserve Office of the Comptroller of the Currency

Global

Singapore-Headquartered AI Credit Modeling FinTech finbots.ai to Transform Credit Risk Management for Cambodia's Leading Commercial Bank, Sathapana Bank

PR Newswire

“Accel-backed finbots.ai, a Singapore headquartered B2B SaaS FinTech today announced signing Sathapana Bank—Cambodia’s leading commercial bank—as their latest client. With this, finbots.ai’s fast growing client case has extended to 9 countries across APAC and MEA markets.”

Tags: Singapore

Companies

Feedzai Ranked the #1 Software Platform Out of 21 Payment Risk Solution Competitors in New Landscape Report by Chartis

Feedzai

Feedzai, the world’s first RiskOps platform for financial risk management, has been ranked #1 overall in Completeness of Offering and named category leader by Chartis in its Payment Risk Solutions, 2023: Market and Vendor Landscape Report.

Tags: Feedzai

Companies

Fifth Third Announces Acquisition of Rize Money, Inc.

53

“Fifth Third Bancorp is pleased to announce the acquisition of Rize Money, Inc., an embedded payments platform that provides payment infrastructure and risk management capabilities to fintechs and other technology companies that want to offer innovative financial products through a single application programming interface.”

Tags: Fifth Third Bank

Companies Glenbrook

Payments On Fire® Podcast: Episode 201 – Fintechs, Banks, and the Companies Joining Them Together – In Conversation with Tarun Gupta, Jump Capital, and Chris Uriarte, Glenbrook Partners

Glenbrook Partners, LLC

“In this episode, we are taking a closer look at the relationship underpinning much fintech innovation in payments – the fintech, bank, and BaaS trilogy. These 3-way partnerships have spurred innovation, increased access to financial services, and created offerings that appeal to a broad range of businesses and consumers. But in the context of these […]

Tags: Jump Capital

Companies

Feedzai Launches ScamPrevent™, Advanced AI and Additional Capabilities to Detect and Stop Scams

Business Wire

“Feedzai, a leading provider of financial crime and risk management solutions, today announced significant enhancements to its RiskOps Platform, enabling banks to better protect their customers from a wide variety of financial scams. These new Feedzai ScamPrevent™ capabilities deliver industry-leading detection, classification, and interception of the widest variety of payment scams and financial fraud typologies.”

Tags: Feedzai

Industry

Beyond Payments for High-Risk Industries

Andreessen Horowitz

“Today, most merchants looking to sell a product or service online can quickly get their payment system live with the help of a modern checkout platform. If the merchant works in a “high-risk” industry like games, sports betting, telehealth, travel, or cannabis, however, it’s more complex. Such industries lack viable out-of-the-box software products that help […]

Companies

The EU and U.S. Diverge on AI Regulation: A Transatlantic Comparison and Steps to Alignment

Brookings

“The EU and the U.S. are jointly pivotal to the future of global AI governance. Ensuring that EU and U.S. approaches to AI risk management are generally aligned will facilitate bilateral trade, improve regulatory oversight, and enable broader transatlantic cooperation. The U.S. approach to AI risk management is highly distributed across federal agencies, many adapting […]

Tags: Brookings

Companies

GTreasury Launches ClearConnect Gateway to Give CFOs and Treasurers the Industry’s Fastest and Most Comprehensive Banking API Integrations

GlobeNewswire News Room

“GTreasury, a treasury and risk management platform provider, today announced the launch of ClearConnect Gateway, a uniquely-comprehensive, out-of-the-box global bank API connectivity suite. ClearConnect Gateway offers GTreasury customers a giant step forward from the expensive, slow, and time-intensive connections commonly found in corporations today.”

Tags: GTreasury

Industry

How Virtual Cards Are Improving T&E Management

Total Retail

It’s hard to imagine companies funding employee travel and expenses (T&E) without plastic credit cards. They offer the ultimate flexibility for employees to get whatever they need when they’re away on company business. However, these cards aren’t always the best — or most lucrative — option. The biggest challenge with physical cards is that companies […]

Regulation

Regulators: Banks That Offer Crypto Deposits Must Mitigate Risks

ABA Banking Journal

“Banking regulators today issued a joint statement reminding financial institutions of their risk management obligations should they offer depository services for cryptoassets. In the statement, the Federal Reserve, FDIC and the Office of the Comptroller of the Currency said that banks are neither prohibited nor discouraged from providing banking services that are permitted by law or […]

Companies

New LexisNexis Risk Solutions Report Reveals Financial Inclusion is Accelerating the Adoption of Alternative Data Across Financial Institutions

LexisNexis Risk Solutions

LexisNexis® Risk Solutions unveiled the findings of its Alternative Credit Data Impact Report, a nationwide survey assessing the adoption, utilization and impact of alternative credit data for credit portfolio growth and management in consumer and small/mid-sized business (SMB) lending. The report surveyed those who identify as senior decision makers for marketing, lending and credit risk […]

Companies

Accelitas Enhances Bank Account Validation Solutions with Real-Time Transaction Data

Accelitas

Given today’s changing rules and economic uncertainty, the need for robust, pre-transaction account validation and risk modeling is more important than ever. However, most companies don’t measure Bank Account Validation (BAV) at all, leaving themselves unaware of risk management outcomes, return on investment, and opportunities for business growth. Through an expanded relationship with Fiserv, a […]