Anti-Fraud

Identifying the legitimacy of businesses and merchants is not just a routine procedure – it's an essential protective measure for banks and financial institutions. But how can you verify if a business is legitimate? Fenergo delves into the concept of KYB.

EBA Clearing has recruited a raft of European banks to undertake data model training for a new fraud fighting feature for account-to-account and instant payments.

CertifID has revealed that it has raised $20m across its Series B funding round, as it looks to protect the real estate industry from fraud.

Visa has entered into a commercial partnership with Form3, to reduce the high levels of fraud across real-time account-to-account payments.

Westpac has announced the launch of new digital payment security features to help combat scam losses.

Markel Bermuda Limited (MBL) has been appointed to the statutory committee of unsecured creditors in the U.S. Chapter 11 bankruptcy of InsurTech Vesttoo.

IDEX Biometrics, a global technology leader in fingerprint biometrics, has been fully certified by Mastercard, a leading multinational financial services corporation.

Velo Payments has announced that it has purchased YapStone, as both companies aim to deliver a seamless global payment experience.

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

FinTech company Vesttoo has laid off its co-founder and CEO in wake of its fraud scandal.