Latest news with #DataVisor
Business Wire
28-05-2025
- Business
- Business Wire
Fraudsters Have the Edge, but Financial Institutions Are Fighting Back: New DataVisor Report Unveils 2025's Top Threats and Strategic Priorities
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- DataVisor, the world's leading AI-powered fraud and risk platform, released its 2025 Executive Report, highlighting the escalating challenges organizations face in combating sophisticated fraud schemes. The report underscores a significant shift in the fraud landscape, with 75% of surveyed institutions acknowledging that bad actors are leveraging generative AI more effectively than legitimate organizations. From deepfakes to synthetic identities, criminals are exploiting emerging technologies faster than defenders can respond. 'AI has become a double-edged sword in fraud prevention,' said Yinglian Xie, CEO and Co-founder of DataVisor. 'Fraudsters are innovating without regulation or legacy constraints, while organizations are still working to scale AI defensively. The institutions that move first—building AI governance, linking systems, and reducing manual effort—will define the new standard for fraud resilience.' ' The 2025 Fraud and AML Executive Report ' draws on insights from banks, fintechs, credit unions, and digital platforms to map the evolving risk landscape. The findings are stark. One of the most compelling findings is the surge in first-party fraud, now ranked the second-greatest challenge by 68.8% of decision-makers. The surge reflects a growing trend where legitimate account holders engage in deceptive practices, such as falsely disputing charges or claiming lost deliveries. As economic pressures rise and liability shifts from consumer to bank, the distinction between customer and criminal is blurring, necessitating more advanced detection methods. "Identity alone is no longer a sufficient line of defense," the report notes. "When the fraudster is the legitimate account holder, detection requires going beyond verification—toward behavior monitoring, transactional intelligence, and adaptive risk models." Compounding the issue, siloed operations and legacy infrastructure continue to slow down even the most sophisticated institutions. 75% cited system fragmentation as a top AML challenge, while 56% named false positives as the leading pain point in fraud operations. Yet there is growing momentum for convergence. Adoption of a unified FRAML (Fraud + AML) strategy is rising, with nearly 40% of organizations already implementing or planning integration within two years. The report also underscores that institutions no longer need to choose between customer experience and security. With AI-powered real-time decisioning, more organizations are aiming to reduce losses and friction. 'You can't afford to choose anymore,' said Xie. 'The best fraud prevention today is invisible to the customer.' As Xie emphasized, 'This is not just a technology race—it's an organizational shift. The winners will be those who stop treating fraud as a backend risk and start embedding it into every layer of customer acquisition, onboarding, and transaction flow.' The 2025 Executive Report is available now at DataVisor is the leading AI-powered fraud and risk management platform, empowering financial institutions to detect and prevent modern fraud attacks in real time. Trusted by Fortune 500 companies and digital disruptors alike, DataVisor unifies fraud, AML, and risk operations into a single decisioning hub, safeguarding the entire customer lifecycle.
Associated Press
02-04-2025
- Business
- Associated Press
DataVisor Names Technology Leader Tony Kueh as Company's First Chief Operating Officer
DataVisor, the world's leading AI-powered fraud and risk platform, today announced the appointment of Tony Kueh as the company's first Chief Operating Officer (COO), a strategic move to accelerate its next stage of scale and growth. As COO, Kueh will lead the expansion of DataVisor's global go-to-market (GTM) engine — including marketing, sales, and customer success — to unlock new revenue opportunities and operational efficiencies at scale. Kueh brings a wealth of experience spanning both product innovation and GTM execution, most recently as EVP & Chief Product Officer of Anywhere Real Estate, and VP of Products at VMware. Over the past two decades, he has repeatedly scaled technology companies from early-stage growth to industry leadership — including taking multiple businesses from less than $25M to over $500M in annual recurring revenue — by aligning cross-functional teams across product, engineering, marketing, sales, and customer success. As real-time payments and money movement accelerate, fraud is becoming more complex. DataVisor's platform detects sophisticated threats across use cases like RTP, card, ACH, and wire — all in real time. As financial fraud continues to escalate and digital ecosystems expand, Kueh's expertise will be pivotal in scaling DataVisor's operations to capture this growing market — expanding both its customer base and product footprint. 'We are delighted to welcome Tony to our executive team at this exciting time in DataVisor's growth,' said Yinglian Xie, CEO and Co-founder at DataVisor. 'As we continue to innovate and expand our AI-powered solutions for fraud detection and risk management, Tony's operational expertise and strategic vision will be invaluable. His leadership will help us deepen market penetration, scale customer impact, and accelerate our momentum in a fast-evolving threat landscape.' DataVisor's impressive growth trajectory continues to solidify its position as a leader in the fraud and risk management space. The company has consistently demonstrated its ability to innovate and deliver cutting-edge AI-powered solutions, resulting in significant market expansion and customer adoption. This momentum was further underscored by DataVisor's recent inclusion in the prestigious Forbes Fintech 50 list, a testament to its disruptive technology and significant impact on the financial industry. This recognition highlights DataVisor's commitment to addressing the evolving challenges of digital fraud and underscores its potential for continued growth and innovation. 'I'm honored and excited to join DataVisor at this pivotal moment in its growth journey,' said Kueh. 'I've spent my career building high-performing teams and scaling organizations that deliver exceptional value. At DataVisor, my focus will be on building strong relationships with our customers, partners, and employees—ensuring we foster a culture of innovation and collaboration to proactively defend the financial ecosystem from the escalating fraud and risk threats in money movement.' For more information about DataVisor's fraud solutions, visit About DataVisor DataVisor is the most comprehensive fraud and financial crime prevention platform powered by sophisticated AI and modern machine learning capabilities. DataVisor empowers customers to protect against future attacks before they happen by detecting and acting on rapidly evolving fraud patterns in real time. DataVisor's adaptable solution and data-driven approach provides businesses with unparalleled protection in an ever-evolving digital landscape. DataVisor's award-winning solutions and continuous innovation make them the trusted partner of choice for Fortune 500 companies and leading organizations worldwide, specializing in financial services, banking, credit unions, fintech, and payments. Tara Strazdas SOURCE: DataVisor Copyright Business Wire 2025. PUB: 04/02/2025 07:58 AM/DISC: 04/02/2025 07:57 AM
