Tag: Anti-Fraud

UK bank Virgin Money has become fully registered to the Contingent Reimbursement Model Code (CRM Code), a voluntary standard aimed at anti-fraud.

The UK’s Financial Conduct Authority releases a song it hopes can help protect consumers from loan fee fraud during Christmas.

A four-month long operation conducted by Interpol between June and September this year has led to the arrest of 1,003 individuals and capturing of $27m in illegal cash.

Fincom.co, which has designed a multilingual fingerprint service, has received an investment from deep tech fund VentureIsrael and ff Venture Capital.

Cryptocurrency compliance service Notabene has secured $10.2m in its Series A investment round, as it helps crypto companies meet travel rule compliance.

E-commerce fraud attacks have dropped by 36% over the past 12 months, as usage of 3-D Secure (3DS) transactions surge, research from LexisNexis® Risk Solutions claimed.

ForMotiv, which leverages behavioural data to help insurance carriers detect fraud, has experienced a stellar 500% annual recurring revenue (ARR) growth in 2021, culminating in the close of its seed round on $6m.

Open banking firm Zūm Rails has introduced a new set of anti-fraud tools to bolster the security of its Instant Deposit feature on its platform.

Digital banking transaction security developer OneSpan has deployed its technology into BankID to help improve customer experiences.

Four individuals have been charged with conspiring to deceive banks and credit card companies to process over $150m in fraudulent payments.