CFOtech Australia - Technology news for CFOs & financial decision-makers

Fraud prevention stories

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Officeworks partners with Appriss Retail to combat rising theft
Last month
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big data
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data analytics
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bi
Amid a 55.7% surge in retail theft in New South Wales, Officeworks teams up with data analytics firm Appriss Retail to counter shrink across its 169 Australian stores.
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Basware unveils global expansion plans after bookings surge by 52%
Last month
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martech
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cx
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compliance
Following a 52% surge in bookings, global AP automation leader Basware reveals expansive growth strategy, with a firm focus on AI innovation, customer growth, and fraud prevention.
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Fraud experts predict tripled use of AI tools by 2024
Last month
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ml
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biometrics
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ai
Amid growing cybercrime threats, a report indicates that 83% of anti-fraud professionals plan to integrate generative AI into their tools by 2024, tripling its current use.
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Visa's AI averts fraud worth $273m in New Zealand banks
Last month
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commerce systems
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martech
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payment gateways
Visa uses AI to help New Zealand financial institutions prevent $273m in fraud, marking a three-fold increase from 2021 and highlighting the pivotal role of AI in financial security.
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Data Zoo names former London Stock Exchange exec as new CEO
Last month
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compliance
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global expansion
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identity
Data Zoo, an award-winning global identity provider, has appointed former London Stock Exchange Group executive, Charlie Minutella, as its new CEO, signalling a major strategic shift.
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Visa's AI technology thwarts $714m fraud in Australia
Last month
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cloud services
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ransomware
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phishing
Visa's AI-powered fraud solution has blocked $714m in attempted scams in Australia, over double the previous year's figure.
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iDenfy partners with StackGo to enhance SME compliance solutions
Tue, 30th Jan 2024
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edutech
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saas
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compliance
Lithuania's iDenfy partners with StackGo to boost the Australian firm's SaaS solutions for SMEs in regulated sectors, employing Anti-Money Laundering screening for smarter compliance.
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HID & Olea Kiosks merge for advanced facial recognition solutions
Thu, 25th Jan 2024
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cloud services
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biometrics
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it in healthcare
HID teams up with Olea Kiosks to offer a revolutionary user experience by integrating facial recognition technology in access control and authentication across various industries.
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SEON appoints ex-Uber executive Björn Heckel as new CTO
Wed, 24th Jan 2024
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big data
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bi
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ml
Fraud prevention platform, SEON, recruits Björn Heckel, seasoned tech executive from Uber and Salesforce, as CTO to reinforce its commitment to fighting fraud and boosting enterprise solutions.
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LRN's anti-fraud courses receive accreditation in Singapore
Fri, 19th Jan 2024
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cybersecurity
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singapore
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aml
Singapore battles rising online scams as LRN Corporation delivers accredited courses to enhance ethical practices in the financial sector, in line with the Monetary Authority regulations.
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Aussie consumers troubled by fake online reviews, new study reveals
Thu, 18th Jan 2024
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cx
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martech
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reviews
A new study reveals 78% of Australian shoppers are anxious about fake reviews, prompting the need for government and brand intervention to verify online content authenticity.
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Monavate teams up with Kasssh to boost cash payments in UK e-commerce
Tue, 12th Dec 2023
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apple
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martech
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commerce systems
Monavate collaborates with startup Kasssh to allow UK online retailers to accept cash payments from customers.
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Provenir & Trustfull team up for global risk decisioning enhancement
Wed, 29th Nov 2023
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martech
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cx
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user interface
Trustfull has partnered with Provenir, broadening access to data sources via the Provenir Data Marketplace to enhance the efficiency of global risk decisions.
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Black Friday & Cyber Monday see rise in 'false positives', warns SEON
Tue, 28th Nov 2023
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black friday
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holiday season
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sales
Black Friday and Cyber Monday sales lead to rise in 'false positives', warns SEON, complicating transactions for merchants.
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UK shoppers expected to be cautious in upcoming holiday season
Fri, 27th Oct 2023
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inflation
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retail
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london
UK consumers expected to keep a tight rein on their wallets this festive season despite falling inflation rates.
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archTIS product wins Policy Mgmt Solution of the Year award
Mon, 16th Oct 2023
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cloud services
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microsoft
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cloud security
archTIS Limited's NC Protect earns Policy Management Solution of the Year at the CyberSecurity Breakthrough Awards.
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SEON announces launch of full suite on Amazon Web Services
Mon, 9th Oct 2023
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cloud services
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public cloud
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aws
The online fraud prevention expert SEON has launched its full suite of fraud prevention solutions to customers on the Amazon Web Services Marketplace.
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Preventing invoice fraud with automated invoice processing
Tue, 11th Jul 2023
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big data
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data protection
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bi
By moving away from manual processes towards automated solutions, businesses can identify and prevent invoice fraud via greater transparency and accountability.
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Using big data to combat fraud in the telco network
Wed, 5th Jul 2023
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hybrid cloud
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network security
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firewall
A telco’s core business is focused on consumers. However, there is also a growing urgency to cut down on fraudulent operations within the network operations.
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Fincity prioritises fraud prevention with new partnership
Wed, 21st Jun 2023
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partner programmes
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cloud services
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security
Fincity partners with fraud prevention and identity verification platform iDenfy, to strengthen its security with full-stack identity verification.
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Property-tech company enhances onboarding with iDenfy
Wed, 31st May 2023
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physical security
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idenfy
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property
iDenfy, an identity verification and fraud prevention platform, announces a new partnership with June, a property-tech company.
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SEON hires new CRO to combat financial crime
Thu, 27th Apr 2023
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saas
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bnpl
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sales
Global financial crime prevention experts, SEON, hired Matt DeLauro as its new CRO to help prevent financial crime and support businesses.