How technology is helping the UK government combat fraud
Combating fraud continues to be a major challenge in the UK. Last year, over £1.3bn was stolen by fraudsters in the UK in 2021, according to Feedzai. However, technology is still making a change.
Travel and expense management fraud to rise, as will fraud
Total revenue generated by travel and expense (T&E) management is expected to reach $16bn by 2027, rising from $8.7bn in 2022.
Financial services fear fraud rise with cost-of-living crisis
Nearly half (43%) of financial services expect the cost-of-living crisis to increase the risk of financial crime and fraud over the next 12 months.
ComplyAdvantage names Vatsa Narasimha as new CEO
Financial crime detection company ComplyAdvantage has named Vatsa Narasimha as its new CEO, as founder Charles Delingpole and current CEO transitions to executive chairman role.
Resistant AI, ComplyAdvantage partner for anti-financial crime
Resistant AI has deployed its AI and machine learning financial crime prevention solution to financial crime risk data and detection technology platform ComplyAdvantage, in a new deal.
Clearspeed closes Series C for voice analytics-powered fraud prevention
Clearspeed, a provider of voice analytics technology to assess security and fraud risk, has raised $27m in Series C funding.
Security and management supplier Verkada hits $3.2bn valuation
Verkada, a security and management platform, has raised $205m in its Series D, which values the company at $3.2bn.
Cybersecurity platform CyberloQ partners with Pannovate
Cybersecurity platform CyberloQ Technologies has formed a strategic collaboration for its proprietary MFA technology with Pannovate’s Banking Orchestration Platform.
Suresite launches P2PE solution with TSG UK
Forecourt retail specialist Suresite Group and fuel and retail service provider TSG UK have partnered to release a new point-to-point encryption payment (P2PE) solution for the forecourt industry.
Fraud fears are up with nearly 60% of consumers
Over half 59% of consumers are more concerned about becoming a victim of fraud now compared to how they felt in 2021, according to a report from Paysafe.