Tag: fraud detection

Fraud in the UK has become a significant concern, with 40% of crimes being fraudulent. Money muling is at the forefront, where fraudsters utilise synthetic or real mule accounts for financial gain. The UK government, recognizing the seriousness, plans to publish an action plan to combat this issue. 

Conveyancing, the legal transfer of property or land ownership, is a critical and complex process handled by licensed conveyancers. They manage everything from initial instructions to contract exchanges and final transactions. Each conveyancing case is unique, presenting its own set of challenges and requiring a meticulous approach.

Fingerprint, the globally renowned device intelligence platform, has successfully procured $33m in a Series C funding round. The venture was spearheaded by Nexus Venture Partners and witnessed participation from Uncorrelated Ventures.

AI and ML models have become an essential part of the FinTech sector, predicting outcomes and making decisions, especially in fraud.

Effectiv, a real-time fraud and risk management platform servicing financial institutions and FinTech companies, has announced a fresh round of funding.

Chargeback fraud, an ever-present issue affecting businesses of all kinds and sizes, results in losses totalling to billions annually. The surge in eCommerce has...

RegTech firm Flagright recently shone a light on the topic of fraud detection in FinTech, with a battle against synthetic identity theft ongoing.

Pay.UK, a central infrastructure provider for payment services in the UK, has declared a unique partnership with global payments giant, Visa, predictive analytics company, Synectics Solutions, and AI-based fraud prevention firm, Featurespace.

Pasabi, the UK Trust & Safety platform, is primed to expand its global footprint, having successfully secured a multi-million-dollar investment.

Sumsub, a full-cycle verification platform, recently unveiled alarming data that shows an unprecedented rise in forced verification and deepfake-related fraud cases across the UK and Europe. The findings were drawn from the company's anonymised verification data collected from its clients.