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IndustryUpdate

to provide full access to best-matched entity data via the ARCA provides advanced digital payments for an
UI dashboard or API, including reason codes and field open banking ecosystem, helping expand innovative
validation intelligence that enable automation of excep- and inclusive financial services throughout Africa, they
tion processes and reduce manual reviews. These new added.
features provide organizations with a fully transparent,
expanded set of data about the customers they onboard, CellPoint, Cybersource fighting fraud together
including an augmented ability to view and assess that
information, Socure stated, adding that this upgrade CellPoint Digital, a provider of payment orchestration,
also addresses risk to a company's customer portfolio to teamed up with Cybersource, a Visa solution for pay-
accurately verify their existing customers and mitigate ments management, to provide merchants a holistic
risk of fines during an audit. solution for fraud management capable of aggregating
transaction data across multiple acquirers. With this
integration, CellPoint now offers merchants best-in-
RESEARCH class fraud management through Cybersource Decision
Manager, one of the largest fraud detection radars—
Finances Online publishes top which uses machine learning to support merchants by
2022/2023 fintech trends automatically classifying transactions as good, bad or
suspicious, the partners stated. With advanced fraud
Researchers at Finances Online reported the following capabilities and insights from 141 billion+ VisaNet trans-
ten trends will impact everything about money from actions, Decision Manager helps merchants increase
payments to banking: digital-only banking is looming; acceptance rates, lower review rates and boost their bot-
blockchain is giving global finance a makeover; AI is tom line, they added.
a natural for financial institutions; fintech regulation is
intensifying; payments continue to innovate; competi- Kompliant picks authID’s biometrics
tors are collaborating; meaningful inclusion is gaining Kompliant, a U.S.-based, AI-driven, business onboard-
traction; starting a fintech is heating up; China is lead- ing and risk-scoring company, will integrate authID’s
ing the fintech revolution; and contracts are getting biometric authentication platform Verified to stop iden-
smarter.For full details, see https://financesonline.com/ tity fraud and automate digital onboarding for its
fintech-trends/. customers, the companies reported. Kompliant works

SEON reports on global recession, fraud with payment processors and sponsor banks, and will
deploy authID’s reliable, high-speed identity authentica-
SEON released a new report, which examines how a tion solution to streamline and secure online merchant
global economic downturn might affect levels of online application processing and transaction monitoring, they
fraud, as well as other forms of fraudulent activity, and noted, adding that the integration with authID’s Verified
how businesses can best respond to the challenge. The will enable Kompliant to deliver biometric identity
report, Global Recession Fraud, assesses how economic authentication during digital onboarding for its clients,
downturns impact fraud rates, and identifies what including quick mobile identity document capture and
businesses can do to ensure they’re protected against validation, liveness confirmation and presentation attack
this threat. Using existing data sets compiled by the detection, and facial biometric matching of a selfie to the
Association of Certified Fraud Examiners, as well as the credential photo.
Internet Crime Complaints Center, SEON makes the
case that businesses across the globe should now plan NAB selects ISO Amp tools
for an impending uptick in online fraud attempts, which ISO Amp reported it has become the exclusive provider
may begin happening on a larger scale than ever before. of statement analysis and proposal generation to NAB’s
merchant sales partners. ISO Amp is a software and ser-
PARTNERSHIPS vice solution that leverages AI and automation to take
the grunt work out of statement analysis, ISO Amp stat-
ARCA selects ThetaRay AI technology ed. Users upload payment processing statements from
prospects to a branded portal, where the statements are
ThetaRay, a provider of AI-powered transaction moni- analyzed and accurate branded cost-comparison propos-
toring technology, reported that ARCA, an African als are generated with an average turnaround time of
payment services provider, will implement ThetaRay’s less than 30 minutes, ISO Amp noted, adding that state-
advanced SONAR SaaS anti-money laundering and ments requiring human intervention, such as unusual
sanctions list screening solution for transactions on its document types, imperfect scans requiring data entry,
open AI-based platform. According to the partners, unmatched fees, etc., get flagged for review by trained
ARCA is the first Nigerian fintech to adopt ThetaRay’s statement analysts.
advanced SONAR solution, which is designed to detect
the very first signs of sophisticated financial crime.

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