FinTech Wire

Qohash, a leader in data security software, today announced it has secured $17.4m in Series B funding.

Northern Arc, a diversified non-banking financial company (NBFC), proudly announces securing an investment of $80m from the International Finance Corporation (IFC), a member of the World Bank Group.

FinQuery, formerly known as LeaseQuery, has secured a significant minority investment to the tune of $25m, led by Periphas Capital and supported by Lavelle Capital.

BforeAI, a leader in predictive security solutions, has successfully closed its Series A funding round, securing a substantial $15m.

False positives in AML compliance typically occur when a transaction or customer record wrongly flags a potential match with a sanctioned entity.