Tag: AntiFraud

Last week, UK Finance, the banking trade association, issued a cautionary advisory to financial institutions regarding approximately 800 suspicious filings concerning 190 companies submitted to Companies House. These filings purportedly revolve around the erroneous discharge of registered charges.

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.

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.

AccessPay, a trailblazer in bank integration services, has introduced a significant enhancement to its Fraud & Error Prevention Suite.

The Commerce Fraud Bureau has formally charged a Minnesota broker with alleged involvement in a $650k fraud scheme. 

Vesttoo ended 2022 by obtaining the much coveted Unicorn status, however 2023 has been anything but a fairytale, as the Israeli FinTech has found itself mired in the midst of a public fraud scandal.

The Tel Aviv District Court has approved the seize of a total of NIS $30m from the ousted Vesttoo co-founders Yaniv Bertele and Alon Lifshitz.

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.

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.