Tag: Financial Fraud

Deep fakes, or artificially generated media, represent a growing concern due to their increasing sophistication.

NVIDIA and bunq, a prominent European neobank, have partnered to enhance fraud detection and combat financial fraud using generative AI.

Clarity, an innovative firm specialising in AI cybersecurity, has successfully secured $16m in seed funding. The round was led by prominent investors Walden Catalyst and Bessemer Venture Partners, marking a significant step forward for the company.

Medius, recognised as a formidable player in providing AP Automation and comprehensive Spend Management solutions, today announced the launch of their new product, Fraud & Risk Detection, aimed at ensuring businesses preemptively counteract fraud and maintain robust control and visibility throughout the invoice to pay lifecycle.

US fraud volumes and losses continue their alarming annual increase, exacerbating an already worrisome trend in the financial sector.

A Ponzi scheme is a fraudulent investment scam that promises high rates of return with little risk to investors.

In a recent post by Flagright, the company gave a detailed outline of the role of transaction monitoring and why it is so important. 

Hong Kong-based forensic RegTech company Austreme has received approval for a patent for its e-commerce card testing fraud detection system.

A new study by Juniper Research has highlighted it expects over $20bn in ecommerce losses this year due to online payment fraud – a rise of 18% compared to 2020.

Starling Bank's CEO and founder Anne Boden has criticised the UK government for failing to include financial fraud in the Online Harms Bill, arguing it will lead to more "heart-breaking stories".