Tagged: fraud prevention

Credex Teams Up with iDenfy for Biometric Identity Verification

Digital ID Identity Identification iPhone

The Lithuania-headquartered remote ID verification and fraud prevention firm, iDenfy, teams up with Credex, the automated lending platform for point of sales financing. As noted in the update, iDenfy’s full-stack ID verification should enable a fast and secure lending experience for Credex’s clients. The COVID-19… Read More

Fintech Seon, which Specializes in Fraud Prevention, Acquires $94M in Funding

Statue St. James Park London UK United Kingdom

Seon, a startup that’s focused on assisting Fintechs like Revolut with addressing online fraud, has secured $94 million in capital, in order to implement various tools for preventing sanctions evasion by Russia. The London-headquartered firm secured the funding via an investment round that was led… Read More

Hyosung Selects Advanced Fraud Solutions to Enhance ATM Deposit Fraud Protections

Stop Fraud

Advanced Fraud Solutions (AFS), a provider of deposit fraud detection software, has announced that it has been “picked by Hyosung to strengthen its U.S.-based ATMs and kiosks against deposit fraud.” Hyosung, a manufacturer of ATMs worldwide, will “integrate TrueChecks® – the industry’s … check fraud… Read More

Digital Bank N26 Shares Lessons Learned, Future Plans Including Crypto

N26 Die Mobile Bank Germany

As the company enters its tenth year in operation, digital bank N26 has grown and adjusted with, the times. The company was founded in 2013 by Valentin Stalf and Maximilian Tayenthal and launched their first products in 2015. In 2016 they secured a full European… Read More

ACI Worldwide Introduces Network Intelligence Tech to Tackle Real-Time Payments Fraud

Stop Fraud 600

ACI Worldwide, an international provider of real-time payments and virtual payment software services, has introduced its Network Intelligence Technology as a key part of ACI Fraud Management. The tech allows banking institutions, processors, acquirers, and networks to complement fraud prevention strategies by enabling them to… Read More

dLocal, a Payments Platform Connecting Consumers in Emerging Markets, Introduces Risk Management Features

Latin America South America LATAM Globe Map

dLocal, a tech-first payments platform that enables enterprise merchants to connect with  consumers in emerging markets, has introduced its latest developments for risk management. The first product in the stack is Smart Defense, which is described as an advanced, custom-built solution that combats fraud by… Read More

Jumio, Provider of AI enhanced ID Verification, Digital KYC, AML, Reports Solid Q3 Results

Digital ID Identity Identification iPhone

Jumio, the provider of AI-enhanced end-to-end identity verification, eKYC and AML solutions, announced another solid quarter, with new business growing over 130% in Q3 2021 from Q3 2020. As mentioned in a release shared with CI, this growth coves the globe and several different industries,… Read More

ID Verification Service Veriff Continues its International Expansion Efforts with New Barcelona based Technology Hub

spain

Veriff is focused on continuing its global expansion with a new Barcelona-based tech hub. The Veriff team writes in a blog post they’re coming to Barcelona and that their new hub will open soon, and they’re currently looking for talent in the Catalan city. As… Read More

Welcome Bank Taps FinScore to Improve Fraud Detection Techniques

Stop Fraud 600

FinScore, the Philippines-based alternative credit scoring provider, has partnered with Welcome Bank (Rural Bank), a Philippine subsidiary of Korea’s Welcome Financial Group, to improve the latter’s fraud prevention methods. Welcome Financial Group currently operates the fourth-largest savings bank in assets and 12 other subsidiaries in… Read More

SEON, GBG APAC Unite to Strengthen Online Fraud Prevention

Fraud Fraudulent Definition

Fraud prevention company SEON is partnering with GBG APAC, a digital identity services provider, to strengthen online fraud prevention for banks, Fintechs, and digital banks across the Asia Pacific region. SEON’s technology is fully integrated into the GBG Intelligence Centre and the alliance will combine… Read More

Indonesian Tech Giant Bukalapak to Leverage Fraud Prevention Solution from Vesta to Maximize Legit Credit Card Transactions

Indonesia flag anggit rizkianto unsplash

Vesta, the only “instant, end-to-end” transaction guarantee platform for making online purchases, recently revealed that it has been chosen by Bukalapak, which is one of Indonesia’s biggest tech firms. According to a release, Bukalapak will be leveraging Vesta’s extensive fraud prevention solution “to maximize approvals… Read More

Fraud Prevention Firm SEON Hires Former Huffing Post Exec

Stop Fraud

Fraud prevention firm SEON has hired Otto Toth, former CTO of digital news outlet The Huffington Post and SVP and chief mobile innovation officer at AOL. The news comes shortly after the company secured €10 million ($12 million) Series A investment and opened new regional… Read More

ACI Worldwide, Provider of Real-Time Payment Solutions, Partners Swedbank, Will Combat Online Fraud

swedbank headquarters

ACI Worldwide (NASDAQ: ACIW), an international provider of real-time payments and digital payment software applications, reveals that it has teamed up with Swedbank, a leading issuing and acquiring bank in the Nordic and Baltic regions. The company has contributed to a 55% decrease in payment… Read More

Cybersecurity: Kompli-Global Launches Initiative to Help Firms Evaluate their Financial Fraud Prevention Strategies

Bernie Madoff 5 Dollars Money Trust Me Not Fraud

With fraudulent activities on the rise and malicious actors becoming a lot smarter and more sophisticated in navigating online systems, it has become quite critical for payments and financial services providers to make sure they’ve got the right cybersecurity measures in place to combat online… Read More

Instant Money Transfer Fintech Spoko.app Partners Sumsub, an ID Verification Firm

50 Dollars Grant Money Cash Spend Pay

Instant money transfer Fintech Spoko.app reveals that it has teamed up with Sumsub, an ID verification firm that claims to offer bank-grade security. Through their partnership, Spoko.app will aim to enhance fraud protection and lower average user verification time down to a minute, in order… Read More

Stripe Announces Acquisition of Card Authentication Tech Company Bouncer

Stop Fraud 600

U.S.-based fintech Stripe announced on Friday it has acquired Bouncer, a card authentication technology company that is seeking to reduce fraud during online transactions. According to Stripe, Bouncer’s card scanning and risk technology is used to help online businesses reduce fraud and authenticate cards.  Stripe also revealed… Read More

$600 Billion Lost to Payment Declines Last Year, According to Analysis from Digital Commerce Fraud Prevention Fintech Riskified

Money Dollars Benjamin 7

The team at Riskified, provider of an “all-in-one” e-commerce fraud prevention solution and chargeback protection service for “high volume and enterprise merchants,” notes that digital commerce businesses spend most of their budget on “customer acquisition, focusing on getting consumers to hit the ‘buy’ button.” While… Read More

Refinitiv Completes Acquisition of GIACT

Stop Fraud

Refinitiv, a provider of financial markets data and infrastructure that has served more than 40,000 institutions in over 190 countries, announced on Wednesday it has completed its acquisition of Giact Systems, LLC (GIACT). Refinitiv recently revealed that the acquisition will boost its existing risk and… Read More

Refinitiv Set to Add Fraud Prevention Capability Through Acquisition of GIACT

Stop Fraud 600

  Refinitiv, a provider of financial markets data and infrastructure that has served more than 40,000 institutions in over 190 countries, announced on Monday it has signed a definitive agreement to acquire Giact Systems, LLC (GIACT). Refinitiv reported that the acquisition will boost its existing… Read More

Alkami Announces Acquisition of Fraud Prevention Provider ACH Alert

Stop Fraud 600

Alkami Technology, Inc. (Alkami), a cloud-based digital banking solutions provider for banks and credit unions, announced on Tuesday it has acquired fraud prevention provider, ACH Alert. Alkami reported that the acquisition extends its omnichannel platform to include enhanced fraud prevention and secure money movement functionality…. Read More

Send this to a friend