SEON Raises $94 Million in Series B
- 2 years 8 months ago
- Fundraising News, Fraud Detection
SEON, a London-based Anglo-Hungarian startup that powers online fraud prevention raised $94 million in Series B funding.
Four in 10 UK Consumers Say Targeted by Online Fraud
- 2 years 8 months ago
- Fraud Detection, FinTech StartUps
According to TransUnion’s 2022 Global Digital Fraud Trends Report, 42% of UK consumers say they have been targeted by online fraud in the past three months
Surecomp Introduces Duplicate Financing Fraud Prevention as Industry Utility
- 2 years 8 months ago
- Fraud Detection, Risk Management
Surecomp® today announced it is providing a new solution based on advanced cryptographic technology allowing financial institutions to mitigate the risk of duplicate financing fraud.
Expansion Continues for PXP Financial with Canada Launch
- 2 years 8 months ago
- Payments, Data Protection, Fraud Detection, Data
Ontario launch marks the next step for payment experts after successful US expansion. PXP Financial Inc., the US subsidiary of PXP Financial Ltd., an expert in global acquiring, payment, fraud and data analysis services, has today announced its arrival in Canada.
NatWest Group Partners with Bottomline to Reduce Payment Fraud
- 2 years 8 months ago
- Payments, Fraud Detection
Bottomline, a leading provider of financial technology that makes business payments simple, smart and secure, today announced the NatWest Group has adopted Bottomline’s Confirmation of Payee (CoP) solution to service their Agency Institutions in the fight against authorised push payment fraud (APP) across the UK.
One-minute Verification: Sumsub Helps Bybit Quickly Onboard Global Users and Fight Fraud
- 2 years 8 months ago
- Fraud Detection, Compliance, AML and KYC
Sumsub is ready to share the results of their partnership with Bybit. Sumsub, an internationally-acknowledged identity verification and KYC/AML compliance provider, is ready to present the results of their partnership with Bybit, a global crypto trading and staking platform with over 6 million users worldwide.
Payment Fraud: Steps to Take if Your Business Gets Scammed
- 2 years 8 months ago
- Payments, Security, Fraud Detection
Payment fraud is a nightmare scenario for any business. Irrespective of size, companies face substantial financial and reputational harm resulting from fraudulent activity. Depending on the severity of the crime and the losses incurred, the very survival of the business may be at stake.
The ai Corporation (ai) and Ignixxion Technologies Limited partner to launch the World’s first EMV (open loop), fuel payments and digital fleet management solution
- 2 years 8 months ago
- Payments, Fraud Detection
Unifying fleet card issuance, payment processing, fraud management, mobility, and fleet management capabilities in one end-to-end solution. The ai Corporation (ai), an expert in fraud prevention and payment solutions, and Ignixxion Technologies Limited, an innovative fintech fleet solution provider, today announced the launch of the World’s first integrated, EMV open loop, fuel payment and fleet management solution.
SEON Continues to Take the Fight to Global Fraud
- 2 years 8 months ago
- APIs, Payments, Banking, Fraud Detection
SEON Continues to Take the Fight to Global Fraud One of Deloitte’s Top 10 Growth Stars, SEON announces significant upgrades to its world-leading product stack
HSBC Working with IBM to Accelerate Quantum Computing Readiness
- 2 years 8 months ago
- Banking, Fraud Detection, Risk Management
Bank envisions application of quantum capabilities for priorities such as pricing and portfolio optimization, sustainability, risk and fraud Expands internal talent with quantum specialists
Seon Named Cyber Security Solution of the Year
- 2 years 9 months ago
- Security, Fraud Detection
Following a year of exceptional growth, new customer acquisitions and renewed investment, global fraud fighters, SEON have been awarded the title of ‘Cyber Security Solution of the Year’ at the FSTech Awards.
Why Ecommerce Businesses Increasingly Need Innovative AI and Fraud Strategies
- 2 years 9 months ago
- Fraud Detection
Online fraud is changing, but so is the way that risk teams are dealing with the threat of fraud and abuse. Smart machines and big data mean that businesses can be armed against fraud — they’re no longer playing defence. Now, modern risk teams have seized the role of optimising business revenue, rather than focusing on loss avoidance. This reframed role means that progressive risk teams are no longer a cost recovery centre but have become their... more
New Study Reveals How the Pandemic has Affected Cybercrime
- 2 years 9 months ago
- Cybersecurity, Fraud Detection
A report by Fasthosts has revealed that the pandemic has left UK businesses vulnerable to fraud and cyber-attacks. Data from the National Fraud Intelligence Bureau show that businesses have had over £2.4 billion losses due to cybercrime in the past year! Since January 2021 there were 445.357 reported cases of cybercrimes in the UK.
Sumsub Launches a Seamless KYB Solution that Makes Business Verification 24x Faster
- 2 years 9 months ago
- Fraud Detection, AML and KYC, Authentication Technology
As global demand for legal entity checks increases, Sumsub is here to help companies verify their business clients, stay compliant and avoid huge fines. Anti-fraud and verification platform, Sumsub, is launching a KYB solution for fast and effective verification of companies.
Report: Payment Fraud Attacks Against Fintech Companies Soar by 70% in 2021
- 2 years 9 months ago
- Payments, Fraud Detection
Sift’s Q1 Digital Trust & Safety Index reveals rising fraud across fintech, company releases Trust Intelligence Center for Trust and Safety Professionals The fintech providers that saw an uptick in payment fraud from 2020-2021.
