Detected, the world’s first agnostic business verification platform, has closed its pre-seed funding round at £250,000. This first tranche has been raised from a number of prominent angel investors within the founding team’s network. Participants include:
- 13.10.2020 01:55 pm
- Fraud Detection
Invoice financing and transaction company Crowdz, has today announced it will introduce fraud-detection application Invoice Check, by Trade Finance Market (TFM) as part of its SuRF Score product. Crowdz is working to create the market’s most accurate risk assessment technology for investors.
SEON, the fraud fighters, has today announced its partnership with DevCode Identity, a leading identity platform, which will be utilising SEON’s unique and innovative fraud prevention solution to help iGaming companies prevent fraudsters from signing up during the customer onboarding process.
As banks around the world continue fighting fraud, scams and false positives, Featurespace™, the leading provider of Enterprise Financial Crime prevention software for fraud and Anti-Money Laundering, has announced that NatWest is protecting its customers with the ARIC™ Risk Hub through enterprise-wide transaction monitoring and payments fraud detection – including threats posed by Authorised
Bottomline Technologies (NASDAQ: EPAY), a leading provider of financial technology that makes complex business payments simple, smart and secure, today announced a partnership with Dow Jones Risk & Compliance, that adds key data to Bottomline’s Anti-Money Laundering and Counter Terrorist Financing monitoring and screening capabilities, used to identify and thwart illicit transactions.
SEON, the fraud fighters, has announced its partnership with Patreon, the leading membership platform, home to over 200,000 creators and supported by more than 6 million active patrons, which will be utilising SEON’s unique and innovative fraud prevention solution to help fight fraud and abuse in its membership platform.
MonetaGo Reaches Over 1 Million Transactions in India, Onboards Five New Clients in the Country in Fresh APAC Push
MonetaGo, the pioneer in using blockchain technology to fight fraud and inefficiencies in financial workflows, has gained fresh momentum in its APAC expansion. The company has over one million transactions in India. This comes alongside five new Indian alternative finance platforms being onboarded to MonetaGo’s Secure Financing solution, which mitigates the risk of double invoice financing.
buguroo, the leading provider of customer identification solutions to prevent online fraud for the financial sector, today announced its 3D Secure solution to enable credit and debit card issuing financial organisations accurate and frictionless 3D Secure risky transaction verification. The new solution utilises behavioural biometric analysis to quickly identify fraudulent eCommerce, Card-Not-Present (CNP) transactions and prevent lost revenue... more
Featurespace™, the leading provider of Enterprise Financial Crime prevention software announced that Istanbul-based Akbank has selected the ARIC™ Risk Hub to reduce fraud risk, while increasing acceptance rates across all transactional channels for its nearly 18 million customers.
Online scams are a huge problem in many industries and the emerging Bitcoin space is no exception.
Increased Contactless Spending Could Be Linked to Higher Fraud and Payment Disputes, Warns Global Risk Expert
Monica Eaton-Cardone, COO and Co-Founder of merchant dispute specialist, Chargebacks911, and its revolutionary new financial institution brand, Fi911, warns of the chargeback and fraud risks associated with the increase in contactless payments following the COVID-19 outbreak. In a bid to reduce human interaction, the use of cash, and the touching of contact points such as PIN pads and cash machines, the UK’s contactless spending limit increased... more
UK banks achieved the biggest reduction in card fraud losses last year among 18 countries across Europe, according to the updated FICO European Fraud Map. More than half of the countries saw increases in card fraud losses in 2019 according to the report, based on data from Euromonitor International and UK Finance.
Vonage (Nasdaq: VG), a global leader in cloud communications helping businesses accelerate their digital transformation, has been selected by Singapore-based online marketplace Carousell to safeguard its platform against fraud and enhance the speed and efficiency of customer notifications.
The FinTech Modulr has today launched Confirmation of Payee, a fraud prevention initiative spearheaded by Pay.UK. The feature provides an extra layer of defence to protect Modulr’s customers from malicious redirect payment fraud, also known as authorised push payment (APP) fraud. This is the second Modulr product launch to come out of its £10m grant from the Capability and Innovation Fund (CIF) under the RBS Alternative Remedies package. Modulr... more