Fraud / Risk Management
UK Payment Firms Lack Controls and Pose Unacceptable Risk FCA Says
The UK’s financial watchdog, the Financial Conduct Authority (FCA), claims that many of the businesses that make up the UK’s developing payments ecosystem lack adequate
Lloyds Banking Group Invests £10 Million in Digital Identity Company Yoti
UK-based Lloyds Banking Group has invested £10 million in digital identity firm Yoti in order to better protect customers online, combat the rising threat of identity
DataVisor’s Innovation in Advanced Decision Flow Capabilities is a Major Step Toward More Effective Real-Time Fraud Management
The adoption of real-time payments between financial institutions, fintechs, and businesses will pick up significantly in 2023 in large part due to the Federal Reserve’s FedNow
PayPal Co-leads $20M Seed Funding for On-Chain Risk Optimizer Chaos Labs
Chaos Labs, a New York-based cloud platform for the risk management and safeguarding of blockchain protocols, received $20 million in seed funding from investment management
Costanoa Ventures and Norrsken22 Back Smile Identity in $20M Series B Round
Smile Identity, an anti-fraud ID verification and KYC compliance company received $20 million in a Series B. The company’s technology aggregates and crosschecks data from
Post Series-B, Anti-Fraud Platform SEON Acquires AML Startup Complytron for a Rumored €2.5M
SEON, an anti-fraud platform that examines a customer’s “digital footprint” to screen out fake accounts and prevent fraudulent transactions in banking, payments, and a broad
Saviynt Raises $205M; Founder Rejoins as CEO, Appoints Seasoned President to Accelerate its Leadership in Identity Management
Saviynt, a top supplier of intelligent identification and access governance solutions, announced it has closed a $205 million round from the Tech Capital Solutions group
Hawk AI Scoops $17 Million in Series B Financing
HAWK:AI, a German regulatory technology company, has raised $17 million in Series B funding to support future product development and international growth. DN Capital, Coalition,
Bottomline Introduces Confirmation of Payee Solution for Businesses
Bottomline Technologies, a leading financial technology provider offering payments, digital banking, and cash management services to businesses around the globe, announced a new line of
Thomson Reuters CVC Invests in UK Fintech Detected
Detected, a London-based fintech that extracts useful anti-fraud information from enterprise payment accounts, has raised £2.5 million from investors that include Thomson Reuters Ventures. The
Regulators Warn U.S. Banks On Crypto Risks Including ‘Fraud and Scams’ After FTX Collapse
Financial institutions were warned by U.S. banking regulators that commercial activity involving cryptocurrencies exposes them to a variety of dangers, including fraud, scams, and contagion
ARGO’s OASIS Fraud Prevention Solutions Suite Implemented in More Than 400 Institutions Nationwide
ARGO, a provider of analytical-sciences software for the financial services and healthcare industries, announced that more than 400 banks and credit unions have improved their