Tag: Fraud prevention

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. 

Vesta, a transaction guarantee platform, has established a partnership with Stripe, a financial infrastructure platform.

Lynx, which focuses on detecting and preventing fraud and financial crimes, has closed its Series A funding round on €17m.

BR-DGE, a foremost payment orchestration provider, and Sift, a top player in the domain of Digital Trust & Safety, have come together in a strategic alliance.

Sift, renowned as the front-runner in Digital Trust & Safety, has declared an array of new reseller and integration alliances.

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.

Revolut, a global financial superapp serving over 35 million customers, has significantly expanded its Financial Crime (FinCrime) division, doubling the headcount since 2021.

DataVisor, renowned as the globe's top AI-driven fraud and risk platform, has stepped into the spotlight once again.

Mastercard and Riskified have announced a partnership designed to help businesses increase eCommerce revenues while reducing fraud.  It is hoped that the collaboration will provide...

Flagright, renowned as a global force against financial crime, has formally announced its collaboration with the Anti-Human Trafficking Intelligence Initiative (ATII).