Tag: Fraud prevention

In the face of a burgeoning global fraud epidemic, the financial world is grappling with an ever-escalating threat that undermines the very fabric of our economies and societies.

IDfy, an innovative player in the identity verification space, has recently announced a significant financial boost, raising $27m in a recent investment round.

Hawk AI, a front-runner in AI-driven solutions for fraud and anti-money laundering (AML) surveillance, has recently announced the strategic appointment of Robin Lee as General Manager for the Asia-Pacific (APAC) region.

Kooperativa, a leading insurer part of the Vienna Insurance Group, has embraced Resistant AI's Document Forensics technology to combat fraudulent insurance claims.

Coris, a pioneering risk platform, has successfully closed a fundraising round totalling $3.7m.

Incognia, a pioneering force in the realm of location identity solutions, has successfully concluded a $31m Series B financing round.

Memcyco, a frontrunner in providing real-time digital impersonation detection and prevention solutions, has joined forces with Deloitte, a global leader in consulting, advisory, and audit services.

Riskified, a pioneering company in ecommerce fraud and risk intelligence, announced today the expansion of its Dispute Resolve platform. This enhancement comes as a timely solution for merchant teams grappling with the usual spike in chargebacks following the holiday season.

Automated Clearing House (ACH) payments are a staple in modern financial transactions, offering a quick and efficient means for businesses and consumers to move...

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.