Tag: Anti-Fraud

Combating money laundering and fraud is a tall order and while AI technology is being utilised to improve the battle, leveraging name science is key to unlocking the technology’s full potential.

AI-based fraud detection firm Feedzai has landed a $200m round of funding with a valuation of over $1bn.

FiVerity, which offers cyber fraud detection and threat intelligence services, has closed a $2m funding round to help it expand its platform.

The fraud detection and prevention market was valued at $30.5bn in 2020, and is expected to grow at a CAGR of 19.65% by 2028.

Client relationship management solution developer Tier1 Financial Solutions has acquired compliance and financial crime prevention company Alessa.

E-commerce fraud attacks have dropped by 36% over the past 12 months, as usage of 3-D Secure (3DS) transactions surge, research from LexisNexis® Risk Solutions claimed.

Anti-fraud and risk management tech startup IceKredit has raised $33m in a Series C1 round.

Paytia, a telephone payment compliance service, has closed its pre-Series A funding round on £1.2m, which was led by Bloc Ventures.

Silent Eight, which leverages AI technology to combat money laundering and terrorism financing, has closed a funding round on $15m.

BGL Group has launched an AI-powered counter fraud pre-sale technology solution, which will be capable of identifying criminal activity.