Risk Management

TruNarrative has been chosen by UK’s ethical digital banking platform MoneeMint to provide customer onboarding and transaction monitoring solutions.

Estonian identity verification firm Veriff has teamed with mobile money app Monese to provide strengthened and secure digital banking services to European consumers.

Digital ID verification company OCR Labs based in the Land Down Under secured €12.5m($15m) in a Series A investment led by Turkish investors Oyak Group to fuel its expansion into the UK and Turkish markets.

Israel-based predictive AI fraud protection company nSure AI raised $6.8m in seed funding led by DisruptiveAI, Phoenix Insurance, AXA-backed venture builder Kamet, Moneta Seeds and private investors.

Payment giant Stripe goes beyond its payment products, launches Stripe Identity, an identity verification system for online businesses as a means of reducing fraud, preventing account takeovers and stopping bad actors.

The G7 has called on Russia to take stronger action on ransomware attacks and cybercrime that has occurred within their borders.

Immersive Labs, a platform which teaches cybersecurity skills to corporate employees by using real, up-to-date threat intelligence in a gamified way closed a $75m Series C funding round.

While Nubank’s massive Series G round and Klarna's $40bn valuation may have secured the most headlines last week, CyberTech and cryptocurrency ventures bagged the most capital injections.

RSA Security is spinning out its fraud and risk intelligence business into a new standalone company called Outseer which will be led by CEO Reed Taussig.

Australian compliance software specialist Castlepoint Systems has completed a $3m Series A funding round led by Main Sequence.