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.
Resistant AI will deploy its AI-powered anti-fraud technology into InsurTech specialists Claim Technology to help it protect against fraudulent insurance claims.
AI-powered financial fraud detection spending will exceed $10bn by 2027 as firms try to cope with increasingly complex attacks, according to a report from Juniper Research.
Embedded finance platform Railsr will bolster its financial crime and fraud prevention efforts through a partnership with Featurespace.
Digital images and selfies have been a staple for online verification for many years. However, Electronic IDentification has warned that they are no longer KYC/AML compliant.
As the financial market hits a very turbulent period, the risk of financial crime will only increase. But how can firms ensure they are prepared?
TRM Labs, a blockchain intelligence detecting crypto-related fraud and financial crime, has raised $70m for its Series B funding round.
Online fraud prevention company SEON has launched a ‘forever free’ version of its fraud prevention platform to better help online businesses be protected.
Hawk AI, a software developer for issuers, banks, FinTechs and payment firms, has joined the Visa Fintech Partner Connect program.
Fraud complaints to the Financial Ombudsman Service (FOS) soared during the Covid-19 pandemic, 44% higher in 2020 compared to 2019.