Tagged: identity fraud

Financial Crime Carried Out by Stealing Banking Customers’ IDs Increased by 15% (from 2018) to $16.9 Billion in 2019: Report

The use of stolen and synthetic identities to carry out fraudulent activities increased significantly in 2019, and the COVID-19 crisis might be making the problem even worse, according to a recently published  Identity Fraud Report from Javelin Strategy & Research. Financial losses due to identity… Read More

AI-based Risk Assessment Solution Provider Deep Labs Secures $16 Million in Commitments from Fintech Investors

US-based Deep Labs, a company that leverages artificial intelligence (AI) to develop  “persona-based” risk assessment solutions, has reportedly managed to secure $16 million in commitments from several Fintech investors. Gunnar Overstrom, partner at Corsair Capital, Gramercy Ventures, and Serendipity Capital led the firm’s funding round…. Read More

Canadian Fintech Mogo Announces New Partnership With Trans Global Insurance Battle Identity Fraud For Retailer The Brick

Canadian fintech Mogo Finance Technology announced earlier this week it has formed a new partnership a new program with Trans Global Insurance to help customers of home furnishing retailer The Brick understand and combat identity fraud.  Mogo reported that customers of The Brick who enroll in… Read More

GM Financial Announces Partnership With Spring Labs to Prevent Auto Financing Fraud

GM Financial, GM’s credit subsidiary, announced on Monday it has formed a new partnership with fintech Spring Labs as part of the Spring Founding Industry Partners (SFIP) Program, which is looking to improve data management standards in order to help the auto finance industry prevent… Read More

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