CMFG Ventures backs DataVisor, targeting fraud in the credit union sector
DataVisor, a global pioneer in online fraud detection and financial services risk management, has secured strategic funding from CMFG Ventures, the venture capital subsidiary of CUNA Mutual Group.
Frontrunning protection in DeFi: The power of private mempools and Flashbots
It is easy for Ethereum and other smart contract network users to be overcome with excitement for the opportunities the technology provides that they are not aware how risky trading on-chain can be. OMNIA, a blockchain infrastructure provider to protect systems, has explored the risk of frontrunning.
Overcoming hurdles to adopt AI in financial crime detection
Amidst growing acknowledgment of AI's prowess in uncovering fraud and financial crime, there remains a gap between those financial institutions (FIs) recognising its potential and those implementing it.
Digital fraud detection pioneer BioCatch welcomes Permira Growth Opportunities as major shareholder
BioCatch, the pioneer in behavioral biometrics intelligence and a global leader in digital fraud detection, has recently announced that Permira Growth Opportunities has acquired a significant minority stake in the company.
AI-driven fraud detection startup Moonsense bags $4.2m seed funding
Fraud prevention innovator, Moonsense, recently announced that they have raised $4.2m in seed funding to support the general availability of their user behavioral and network intelligence solution.
Income verification startup Payscore raises funding
Payscore, which is automating income verification for property managers and consumer lenders, has secured an undisclosed amount of funding.
RegTech company Signifyd partners with Adobe
Commerce protection provider Signifyd has teamed up with Adobe to improve access to fraud and abuse protection services.
World first global insights infrastructure Monnai bags $6.5m
Monnai, which claims to be the world’s first global consumer insights infrastructure for financial institutions, has secured $6.5m in its Series A.
Financial crimes risk management solution dev Quantifind raises $23m
Quantifind, an AI-powered financial crimes risk management solution developer, has secured $23m in a fresh funding round.
UK firms spending £22k each hour on fighting fraud
UK financial services organisations are collectively spending £32.4bn each year on financial crime compliance (FCC), according to a report from LexisNexis Risk Solutions.