Fraud Prevention

Tietoevry Banking has secured registration with the European Payments Council (EPC) to provide Routing and Verification Mechanisms (RVM) for Verification of Payee (VoP) solutions across Europe.

ThreatMark, a cybersecurity company focused on fraud prevention for financial institutions, has secured $23m in a funding round led by Octopus Ventures, Riverside Acceleration Capital, and Springtide Ventures.

New data reveals the rising prevalence of fraud and security risks, both online and in-store, significantly impacting consumer trust and urging retailers to strengthen security measures across the board.

Unlocking AML capabilities: How graph databases revolutionise financial crime detection

Trulioo, an identity verification leader, and Airwallex, a top-tier global payments platform, have recently expanded their collaboration.

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.