Visa to Acquire BioCatch in $2.4 Billion Deal to Strengthen AI-Powered Fraud Prevention
Global payments leader Visa has signed a definitive agreement to acquire behavioural intelligence company BioCatch for $2.4 billion in cash,…
Cybersecurity
Cybersecurity and fraud prevention are critical priorities for banks and financial institutions operating in an increasingly digital environment. This category focuses on the technologies and strategies used to protect financial systems, customer data, and digital transactions. Coverage includes banking cybersecurity, fraud detection platforms, identity verification technologies, biometric authentication, and financial crime prevention solutions. Finnoex explores how banks are strengthening cyber resilience, implementing advanced security frameworks, and using AI-driven tools to detect threats and prevent fraud across digital banking channels.
EDITOR’S PICK
How Banks Are Defending Against Cyber Attacks in the Digital Era
Cybersecurity has become one of the most critical priorities for the global banking industry. As financial institutions accelerate digital transformation, expand mobile banking services, and integrate with fintech ecosystems, the potential attack surface for cyber threats continues to grow.
Cytora and InformData Embed Verifiable People Data into Risk Processing
Digital risk processing platform Cytora has partnered with InformData to integrate verified people data into its AI-powered insurance workflows. The…
Mastercard Launches Pan-African Cybersecurity Centre of Excellence
Mastercard has launched the Africa Cybersecurity Centre of Excellence, a new initiative aimed at strengthening cyber resilience across the continent’s…
Quantifind Secures $200 Million to Expand AI Financial Crime Platform
AI-powered financial crime technology provider Quantifind has raised $200 million in new funding to accelerate the development of its anti-money…
Tieto Launches Layered Fraud Defence to Combat Digital Wallet Enrolment Attacks
As digital wallet adoption accelerates, fraudsters are increasingly exploiting the card enrolment process to gain unauthorised access to Apple Pay…
Bank of Ireland Says AI Push Cuts Customer Fraud Losses by 25%
A sharper focus on real-time fraud detection is beginning to pay off for banks as financial criminals increasingly rely on…
Eastnets Unifies AML, KYC, and Fraud Operations with New AI Platform
Financial crime teams are facing a growing challenge: while fraud, money laundering, sanctions breaches and customer risk often originate from…
DNB Selects NICE Actimize and Infosys to Overhaul Financial Crime Detection and Fraud Operations
Norwegian banking giant DNB Bank ASA has launched a major transformation of its financial crime and fraud prevention operations, selecting…
Japan Opens Access to Anthropic’s Claude Mythos for Major Banks in Cybersecurity Push
Japan’s government and some of the country’s largest financial institutions have secured access to Claude Mythos, Anthropic’s highly advanced cybersecurity-focused…
ThetaRay Gamifies Financial Crime Compliance with “Spot The Money Mule” Launch
As financial institutions face a surge in mule account activity, fraud rings and increasingly sophisticated money laundering schemes, compliance teams…