Anti-Fraud

Alternative credit scoring FinTech CredoLab has signed a partnership with iovation, the reputation insights company specializing in device-based fraud detection, to fight credit fraud.

Coinone is a South Korean cryptocurrency exchange that has just been forced to cough up $20,780 to pay a customer who lost money in a 2018 hack.

Many legal stakeholders have worried about Facebook’s new cryptocurrency project. However, it is not a Swiss watchdog’s biggest concern.

New research has revealed that almost three out of four UK residents have no idea about the threat imposed by deepfake videos.

North Korean is accused of unleashing malware onto the world that attacks Indian ATMs and uses them to steal credit card details.

HSBC has beefed up its financial crime detection system by deploying Quantexa’s contextual big data solutions.

Benoît Cœuré, executive board member of the European Central Bank, has told the German Bundestag that stablecoins like Facebook’s Libra initiative come with both risks and opportunities.

Having anti-money laundering procedures in place have become increasingly important over the past few years. However, it seems ABN Amro may have failed in this regard.

Singapore is hotbed for FinTech innovation that has overtaken China as the biggest investment destination in the region. However, its leadership position is far from certain.

The Singapore-based fraud detection startup Advance.ai has closed a $80m funding round led by private equity investor Pavilion Capital and venture firm Gaorong Capital.