Anti-Fraud

FullCircl, a UK-based SaaS platform that automates the verification of global businesses and individuals, has announced a wave of senior leadership appointments to drive its next wave of transformation.

Lithuania-based cybersecurity startup, Cyber Upgrade, has successfully secured €650,000 in pre-seed funding to bolster its mission of providing inclusive and accessible cybersecurity solutions for small and medium-sized enterprises (SMEs) and FinTech companies.

Fineksus, a trailblazer in the FinTech sector, has launched the Inspector API,  offering an advanced, cost-effective solution for Anti-Money Laundering (AML) Name Screening.

Closinglock, a prominent FinTech and fraud prevention technology provider for the real estate industry, has successfully concluded its Series A funding round, securing a substantial investment of $12m.

LimaCharlie, a pioneer in Security Operations (SecOps) Cloud Platform development, has secured a significant investment of $10.2m in a Series A funding round.

Kooperativa, a leading insurer part of the Vienna Insurance Group, has embraced Resistant AI's Document Forensics technology to combat fraudulent insurance claims.

There has been a staggering 704% increase in face swap attacks, a form of deepfake, from the first half (H1) to the second half (H2) of 2023, according to a comprehensive report by iProov.

SDK.finance, a distinguished FinTech solutions provider, has proudly announced its integration with ComplyAdvantage, the forefront leader in financial crime intelligence.

As Artificial Intelligence (AI) continues its transformative march across various sectors, the financial industry stands as a fertile ground for its advancements. The marriage of AI and FinTech promises unparalleled progress, yet beneath this indication of innovation lies a subtle, looming threat – the potential for an AI-induced financial crisis, fuelled by the sinister hands of deepfakes. RegTech firm Sybrin investigates.

The significance of modern Anti-Money Laundering (AML) compliance cannot be overstated, especially in an era where digitalisation is a cornerstone of our daily interactions....