Fraud Prevention

Money laundering continues to pose a significant threat across the Asia Pacific region, with sophisticated tactics challenging financial institutions. As technological advancements emerge, so too do the strategies of those intent on manipulating financial systems. In response, both regulatory bodies and financial institutions are developing innovative approaches to counter these threats.

Orca, a startup based in South Africa dedicated to combating fraud in emerging markets, has successfully raised €550K in an oversubscribed pre-seed funding round,...

Finastra, a leading global provider of financial software applications and marketplaces, has partnered with ScotPayments, a centralised payments platform enhancing public service digital transformation in Scotland.

FundingShield has announced a strategic partnership with SitusAMC, in a bid to tackle the rising challenges of wire and title fraud that have plagued financial institutions in recent years.

Mastercard and Riskified have announced a partnership designed to help businesses increase eCommerce revenues while reducing fraud. 

US FinTech PULSE has extended its debit fraud protection deal with global analytics software provider FICO.

Themis has launched a supply chain risk tool that will enable firms to map out geographies and sectors and touch points from financial crimes.

South Africa-based Sendmarc, which protects against email impersonation, has reportedly raised $7m in its Series A round, as it looks to expand its team globally. 

nsKnox, which offers bank account verification and B2B payment security, has scored $17m in its latest batch of funding.

FrankieOne, a unified onboarding and fraud prevention platform, has reportedly raised $15.5m in its Series A+ funding round, bringing the round’s total to $30m.