Rising financial fraud has prompted a $14 million Series A investment in Heka, a digital identity intelligence startup that uses behavioral analytics and public data to detect synthetic identities. Backing its U.S. and European expansion are Barclays and Windare Ventures. In parallel, the Eastern Caribbean Central Bank is advocating for a regional digital ID system to streamline financial services and bolster initiatives like the ECCB Credit Bureau. At the same time, the U.S. Consumer Bankers Association calls for a coordinated, cross-sector national strategy to combat growing fraud threats. In the UK, the Financial Conduct Authority has intensified enforcement, shutting down over 1,600 fraudulent financial sites and emphasizing the need for systemic, identity-based fraud prevention measures.
Heka Raises $14M to Fight Financial Fraud
