Identity fraud doubles in crypto and banking in 2022
Identity fraud has doubled in crypto and banking during 2022, as a new report on fraud shows the worrying state of attacks.
FrankieOne nets $15.5m for unified onboarding system
FrankieOne, a unified onboarding and fraud prevention platform, has reportedly raised $15.5m in its Series A+ funding round, bringing the round’s total to $30m.
Resistant AI, Claim Technology partner to stop fraudulent insurance claims
Resistant AI will deploy its AI-powered anti-fraud technology into InsurTech specialists Claim Technology to help it protect against fraudulent insurance claims.
AI-powered financial fraud detection spend to hit $10bn
AI-powered financial fraud detection spending will exceed $10bn by 2027 as firms try to cope with increasingly complex attacks, according to a report from Juniper Research.
Railsr bolsters fraud prevention through Featurespace
Embedded finance platform Railsr will bolster its financial crime and fraud prevention efforts through a partnership with Featurespace.
Iceland’s Arion Bank implements Lucinity to fight money laundering
Icelandic bank Arion Bank will implement the software of RegTech platform Lucinity to bolster its defences against money laundering.
How AI is transforming financial crime detection
As the financial market hits a turbulent period, the risk of financial crime will only increase. But how can firms ensure they are prepared?
TRM Labs bags $70m to help stop crypto-related fraud
TRM Labs, a blockchain intelligence detecting crypto-related fraud and financial crime, has raised $70m for its Series B funding round.
SEON launches free fraud prevention toll for businesses
Online fraud prevention company SEON has launched a ‘forever free’ version of its fraud prevention platform to better help online businesses be protected.
This free...
The importance of AML for non-financial institutions
Anti-money laundering compliance is usually associated with financial institutions; however, Sentinels has revealed how and why non-finance firms should also protect themselves.