The UK’s finance industry prevented a total loss of £1.66bn in fraud
The UK’s finance industry prevented a total of £1.66bn in fraud during 2018; however, £1.2bn was still stolen by criminals during the same period, a new study from UK Finance finds.
Skymind scores $11.5m in its Series A round led by TransLink
Skymind, an AI-powered data science company, has scored $11.5m in its Series A round of funding.
TigerGraph launches new tech to boost fraud detection
TigerGraph has released its new technology which combines graph pattern matching with real-time deep link analytics to boost fraud detection and cyber protection.
Delta Capita, JJCFinTech partner for KYC/AML solution
Delta Capita, JJCFinTech have formed a strategic joint venture partnership specialising in KYC/AML, regulatory, tax and compliance services.
FSS launches new risk-based solution to improve payment security
FSS (Financial Software and Systems), a provider of digital payment technology has released a new risk-based authentication solution to improve online transaction security.
IDB Bank picks NICE Actimize to bolster AML processes
Autonomous financial crime management company NICE Actimize has been selected by Israel Discount Bank of New York (IDB Bank) to aid its AML processes.
Mastercard said to speak against India’s data rules, claiming it could hinder fraud identification
Mastercard has reportedly spoken out against India’s data localisation rules, stating they may hinder its ability to detect fraud.
Whitepages Pro launches new transactional risk API
Global identity verification company Whitepages Pro has released its Transaction Risk API to help fight payment fraud and improve authorisations early in the transaction flow.
Apex Group to utilise AQMetrics’ regulatory reporting technology
AQMetrics, a RegTech 100 company, will be providing its regulatory reporting technology solution to Apex Group, a fund manager company.
Melissa launches Singapore office to support APAC growth
Melissa, an identity and data verification provider, has launched an office in Singapore to support expansion in APAC region.
