Tag: Anti-Fraud

TRM Labs, a blockchain intelligence detecting crypto-related fraud and financial crime, has raised $70m for its Series B funding round.

Hawk AI, a software developer for issuers, banks, FinTechs and payment firms, has joined the Visa Fintech Partner Connect program.

Complaints to the Financial Ombudsman Service (FOS) soared during the Covid-19 pandemic, reaching levels 44% higher in 2020 compared to 2019.

Cryptocurrency trading platform X1 has chosen financial crime prevention specialist Resistant AI to improve its AML checks across its platform.

Combating fraud continues to be a major challenge in the UK. Last year, over £1.3bn was stolen by fraudsters in the UK in 2021, according to Feedzai. However, technology is still making a change.

Seven-in-ten (72%) of consumers prefer to use face verification to secure online transactions, according to a report from iProov.

Financial crime detection company ComplyAdvantage has named Vatsa Narasimha as its new CEO, as founder Charles Delingpole and current CEO transitions to executive chairman role.

Resistant AI has deployed its AI and machine learning financial crime prevention solution to financial crime risk data and detection technology platform ComplyAdvantage, in a new deal.

Armalytix, which streamlines data collection and intelligence for AML checks, has reportedly raised $1m in funding.

Sardine, a provider of fraud, compliance and instant settlement solutions, has closed its Series B round on $51.5m in its Series B.