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Pindrop Partners with BT to Strengthen Enterprise Call Security Across the UK
Businesswire· 2025-11-12 10:00
Core Insights - Pindrop has partnered with BT to enhance voice security solutions for enterprise customers in the UK, addressing a significant rise in contact centre fraud, which has increased over 100% since 2021 and continues to grow by 26% year-over-year [1][5]. Group 1: Partnership Details - The collaboration will integrate Pindrop's patented technologies, Pindrop® Protect and Pindrop® Passport, into BT's enterprise portfolio, allowing businesses to reduce operational costs while improving security [2][4]. - The partnership aims to provide multi-layered protection for UK businesses, securing customer interactions and preventing fraud losses across millions of calls daily [2][5]. Group 2: Technology and Threat Landscape - Pindrop's technology utilizes device recognition, Phoneprinting® technology, behavioral analysis, and synthetic deepfake detection, addressing the rise of deepfake activity in contact centres, which has increased nearly seven-fold in the past year [3][4]. - Currently, 1 in every 106 calls shows signs of deepfake activity, highlighting the urgency for advanced security measures in the evolving threat landscape [3][4]. Group 3: Business Impact - The integration of Pindrop's solutions into BT's network provides UK enterprises with a crucial defense against escalating threats, ensuring a seamless experience for legitimate customers while improving fraud prevention and reducing agent handling time [4][5]. - The new capabilities are now available to UK enterprise customers, reinforcing a commitment to innovation and operational excellence in safeguarding trusted brands and institutions [5].
Mastercard Teams Up With Smile ID to Advance Secure Digital Identity
ZACKS· 2025-09-30 15:11
Group 1: Mastercard's Partnership and Strategy - Mastercard has expanded its partnership with Smile ID to enhance secure digital identity solutions in Africa, combining its expertise with Smile ID's verification technology [1] - The partnership will benefit Mastercard's customers, including banks and fintechs, by integrating advanced identity verification into its digital platforms for faster onboarding [2] - This initiative addresses the rising issue of synthetic identity fraud in Africa, which costs banks millions annually, and supports compliance with KYC and AML standards [3][4] Group 2: Financial Impact and Growth - Increased usage of Mastercard's digital identity solutions is expected to drive revenue growth, with net revenues improving by 17% year over year in Q2 2025 [5] - Mastercard is actively pursuing partnerships and investments to enhance its cybersecurity offerings, including a recent collaboration with Entrust for identity verification solutions [6] Group 3: Competitors' Fraud Protection Tools - Other companies like American Express, Visa, and PayPal also offer advanced fraud detection tools, utilizing AI and machine learning to monitor transactions [7] - American Express reported a 9% year-over-year revenue increase in Q2 2025, leveraging AI for real-time fraud detection [8] - Visa's revenue advanced by 14% year over year in Q3 2025, employing AI-driven analytics for transaction scoring and fraud prevention [9] - PayPal's total revenues rose by 5% year over year in Q2 2025, utilizing a multi-layered fraud detection framework that includes AI and behavioral analysis [10]
X @Binance
Binance· 2025-07-20 12:00
Fraud Detection - Manual rules are insufficient for combating modern fraud [1] - The company developed Strategy Factory, an AI-powered rule assistant, to help analysts identify and eliminate scammers [1] - The AI aims to prevent scammers from reaching users [1]