fraud prevention News
Latest articles and news about fraud prevention on AXL Media.
Latest Articles
- Capitec Deploys Real Time AI Protection Tool After Blocking R642 Million In Fraudulent Transactions
Published: Apr 18, 2026
Section: Africa
Capitec has launched a proactive fraud prevention feature within its banking app to identify and pause high risk payments before funds exit accounts. The strategic rollout follows...
- Capitec’s Rapid Smart ID Rollout Targets Eradication of Fraud Prone Green Books
Published: Apr 17, 2026
Section: Africa
South Africa’s largest bank by customers has activated self service terminals for smart ID applications at 76 branches, significantly expanding access beyond major metropolitan hub...
- DBS to Implement "Cognitive Breaks" via Targeted In-App Probes for High-Risk Digital Fund Transfers
Published: Apr 11, 2026
Section: Asia
DBS Bank is introducing adaptive anti-scam measures that require users to answer specific questions before completing high-risk transactions. Designed to interrupt the psychologica...
- SARS Modernisation Project To Phase Out Individual Tax Numbers In Favor Of Universal Biometric Digital Identity
Published: Apr 4, 2026
Section: Africa
The South African Revenue Service is spearheading a "Modernisation 3.0" initiative to replace separate tax and ID numbers with a single, unique digital identity for all citizens. T...
- Capitec Thwarts R642 Million in Fraudulent Transfers as Criminals Shift Focus to Behavioral Exploitation
Published: Apr 3, 2026
Section: Africa
South African banking giant Capitec successfully blocked over 394,000 fraudulent transactions in the past financial year, protecting clients from more than R642 million in potentia...
- Central Bank of Nigeria Establishes Payments Service Providers’ Committee to Regulate Rapidly Expanding Digital Ecosystem
Published: Apr 3, 2026
Section: Africa
The CBN has inaugurated a Payments Service Providers’ Committee to coordinate licensed providers and regulators including the NCC and SEC. Following a record-breaking 2024 where el...
- FiVerity Launches AI-Native Intelligence Layer to Shield Community Banks and Credit Unions from Coordinated Financial Crime
Published: Mar 11, 2026
Section: AXL News
Boston based fintech FiVerity has introduced a new AI-native intelligence layer designed to unify fragmented fraud and Anti-Money Laundering (AML) systems. The platform allows fina...