As the regulatory gaze sharpens on FinTechs, the companies themselves are mindful that they need new tools and a new approach to operations, in order to stay on the right side of the regulators. “The cost of fraud is high,” Ryan Dew, SVP, Product Solutions...
Axle Automation raised $2.5 million in a seed funding round to grow its artificial intelligence (AI)-powered anti-money laundering and know your customer (AML/KYC) solutions. The company will use the new funding to scale its team and deliver its solutions to more FinTechs, banks and other...
Business identity platform Niva has launched after raising $3.3 million for its verification solution, according to a Monday (July 8) news release. Verifying the identities of small and medium-sized businesses (SMBs) by screening for fraud and meeting local and international know your business (KYB) requirements is a major...
Identity verification and fraud prevention firm FiVerity is launching its Identity Trust Management platform. The platform integrates features such as enhanced know your customer (KYC) measures, fraud investigation, continuous monitoring, actionable insights, reporting and orchestration, the company said in a Tuesday (June 25) news release....
August 20, 2024
As the regulatory gaze sharpens on FinTechs, the companies themselves are mindful that they need new tools and a new approach to operations, in order to stay on the right side of the regulators. “The cost of fraud is high,” Ryan Dew, SVP, Product Solutions for Thredd, noted to PYMNTS in a recent interview, adding […]
June 07, 2024
It’s been a busy few weeks in the realm of identity verification. Fraudsters are wily, it’s true — leveraging technology, particularly AI, and stolen data, to construct new online personas....
May 21, 2024
Staying one step ahead of the bad guys is becoming more difficult by the day for financial services companies. For example, identity verification is a double-edged sword. While necessary for...
April 26, 2024
Artificial intelligence (AI) holds the promise to transform all manner of industries — helping banks, in particular, improve their anti-money laundering (AML) efforts. But as Chris Caruana, VP of Strategy...
August 05, 2024
Axle Automation raised $2.5 million in a seed funding round to grow its artificial intelligence (AI)-powered anti-money laundering and know your customer (AML/KYC) solutions. The company will use the new funding to scale its team and deliver its solutions to more FinTechs, banks and other financial institutions, according to a July 29 press release. “This […]
July 08, 2024
Business identity platform Niva has launched after raising $3.3 million for its verification solution, according to a Monday (July 8) news release. Verifying the identities of small and medium-sized businesses (SMBs) by screening...
June 25, 2024
Identity verification and fraud prevention firm FiVerity is launching its Identity Trust Management platform. The platform integrates features such as enhanced know your customer (KYC) measures, fraud investigation, continuous monitoring,...
May 28, 2024
Embedded banking software firm Treasury Prime has teamed with fraud, identity and security platform Footprint. The partnership, announced Tuesday (May 28), gives banks and their FinTech clients access to Footprint’s...
