Fraud / Risk Management
Socure Announces Faster Biometric IDV, Deepfake and Synthetic Identity Fraud Detection
Socure has enhanced its document verification service, DocV, with advanced deepfake selfie detection and barcode enhancement capabilities to combat identity spoofing and fraud. By analyzing
VerityPay Spearheading the War Against Check Fraud Partnering with Banks and Businesses with Pay-by-Text SaaS Platform
VerityPay, an innovative leader in digital banking and risk mitigation, has introduced a patent-pending Pay-by-Text SaaS platform to combat the escalating threat of check fraud.
Former BlockFi CSO Raises $5M For Crypto Recovery Startup
Station 70, a startup focused on crypto recovery and backup, secured $5 million in seed funding led by Castle Island. Its core offering addresses the
Visa Launches AI-Powered Fraud Prevention Tools
Visa introduced a trio of AI-powered risk and fraud prevention tools this week, including Visa Deep Authorization (VDA) for card-not-present payments, Visa Advanced Authorization (VAA),
AI Security Market Fuels a $60M Growth Round for Unicorn BigID to Accelerate AI Data Security Innovation and Power Acquisitions
BigID, a leader in AI-augmented data security, has secured $60 million in growth equity in a round led by Riverwood Capital, with participation from Silver
VeriScan ID Verification Platform Adds Face Matching, Knowledge-Based Authentication
IDScan.net’s VeriScan ID scanner app has launched two major product advancements to improve the resilience of its platform against evolving fraudulent activities. VeriScan now offers
Cryptography Firm Zama Raises $73 Million for FHE Solution
Zama, a France-based cryptography firm, has secured $73 million in Series A funding for its fully homomorphic encryption (FHE) solution tailored for AI and blockchain
Trust Stamp Listed As Fraud Mitigation Provider for Federal Reserve
Trust Stamp, a digital identity and trust provider, has made it to the Federal Reserve’s list of anti-fraud service providers, specifically for its synthetic identity
British Banks Want Big Tech to Pay Up When People are Scammed Online
British banks are demanding big tech companies take financial responsibility for online scams, citing a significant increase in fraudulent activity from online sources. Despite efforts by
Entrust Enters Exclusive Discussions to Acquire AI/ML-Powered Identity Verification Leader Onfido
Entrust, a global leader in trusted payments, identities, and data security, has entered exclusive discussions to acquire Onfido, a leading AI/ML-powered identity verification company based
Liberis Partners with Alloy to Accelerate International Expansion and Reduce Friction for Merchants
Liberis, a leading global embedded finance platform, has partnered with Alloy, an identity risk management company, to expedite international expansion and streamline the merchant application
Incognia Raises $31M for Expansion of Digital Identity Solutions
Incognia, a digital identity solutions startup, has raised $31 million in funding in a round led by Bessemer Venture Partners. The funds will be used