Tagged: fraud prevention

May 16, 2021 @ 10:15 pm By Samantha Hurst  |  

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

April 17, 2021 @ 5:17 pm By Omar Faridi  |  

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

December 9, 2020 @ 2:43 pm By Samantha Hurst  |  

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

November 2, 2020 @ 3:06 pm By Samantha Hurst  |  

  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

October 7, 2020 @ 3:38 pm By Samantha Hurst  |  

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

September 30, 2020 @ 8:26 pm By Omar Faridi  |  

Payments giant Mastercard is planning to encourage businesses to load up their logos to a website that’s being managed by Ethoca, an online fraud prevention platform. Mastercard is hoping to improve the dispute resolution process by having merchants upload their official logos to the site…. Read More

September 5, 2020 @ 3:32 pm By Omar Faridi  |  

Earlier this week, Modulr reportedly became the very first non-bank or building society to join the Confirmation of Payee service, which allows people to check whether the payment details they’ve provided for an individual or company match the details that are held by the recipient’s… Read More

June 10, 2020 @ 11:46 pm By Omar Faridi  |  

Featurespace, an established provider of Enterprise Financial Crime prevention software, confirmed that Australia’s Fintech Hay has chosen its ARIC Risk Hub to help identify and prevent potentially fraudulent financial activities and money laundering on its mobile-first solution. Hay builds digital infrastructure from the ground up… Read More

May 14, 2020 @ 10:16 am By Omar Faridi  |  

UK-based Featurespace, a firm focused on fraud prevention, has secured £30 million in capital from an investment round led by Merian Chrysalis Investment. Several existing investors also took part in the round. The firm’s software is designed to learn the normal or typical digital behavior… Read More

March 11, 2020 @ 6:56 pm By Omar Faridi  |  

Equiniti Group’s risk management division, Equiniti Riskfactor, has teamed up with Codat, a company that provides accounting integration APIs, in order to allow small and medium-sized (SME) customers to automatically and securely share financial data with their lenders. Equiniti Riskfactor will be integrating with Codat’s… Read More

March 10, 2020 @ 4:39 pm By Omar Faridi  |  

A study recently published by Juniper Research has revealed that total spending on artificial intelligence (AI)-enhanced platforms and solutions will surpass $15 billion by 2024. Juniper Research’s latest study, titled AI Strategies for Network Operators: Key Use Cases & Monetisation Models 2020-2024, noted that only… Read More

March 10, 2020 @ 10:06 am By Samantha Hurst  |  

Zurich UK, a company that provides a suite of general insurance and life insurance products to retail and corporate customers, announced on Tuesday it is now working with U.S. data group Carpe Data to improve claims processing efficiency and fight fraud. Zurich UK reported that… Read More

December 12, 2017 @ 9:20 am By Samantha Hurst  |  

Simility, a provider of machine learning–powered adaptive fraud prevention solution, today announced it has secured $17.5 million during its latest funding round. PayPal, Inc. also participated in the round as a new strategic investor along with existing investors The Valley Fund and Trinity Ventures. This brings Simility’s… Read More