Fintechs can now benefit from Monnai’s consumer insights platform thanks to the company’s $6.5 million Series A funding round. Tiger Global has led an investment round where current investors like Better Future Ventures, Emphasis Ventures, and 500 Global have also participated
Major trends are expected to influence the financial services sector in the next five to ten years. One of the most noteworthy developments is the rising popularity of cloud-based software. Financial institutions increasingly turn to cloud-based solutions for their data storage, processing, and analysis needs due to their greater scalability and lower costs. Financial data
Fintech’s meteoric development has marked the beginning of an age of financial services but has also raised the specter of fraud. Fintech organizations must have a reliable system for identifying fraud that processes data in real-time since fraudsters are constantly developing new methods to abuse the system. AI and ML can help enhance fraud detection […]
Stripe, a prominent player in the financial technology industry, has created the Enhanced Issuer Network, a collection of collaborations with significant US card issuers to decrease fraud. The Improved Issuer Network facilitates a lower incidence of fraudulent transactions, a more pleasant shopping experience for customers, and a higher percentage of accepted payments for
Resistant AI, a company that offers services to combat fraud and other financial crimes, has released its Document Forensics product on the Google Cloud Marketplace. KYC (Know your customer) documentation may be analyzed, categorized, and verified with this helpful software, including proof of address, ID cards, and bank statements. As a result, businesses will spend […]
The ‘Bitcoin Legal Defense’ group includes over 200 victims of the GainBitcoin Scam who are all set to move Supreme court seeking cancellation of the interim bail granted to Ajay Bharadwaj, the main accused. However, hearing the case on 12 October 2022, the two-judge bench that included Justice MM Sundresh and Justice Surya Kant did […]
The FTC cautioned student assistance portal Frank about how it could unlawfully misrepresent consumers regarding student pandemic relief only one year before JP Morgan Chase bought it with $175 million. This is the 2nd time Charlie Javice and Frank have been accused of fraud in misrepresentation before JPMorgan’s takeover.In the previous month, JPMorgan alleged in […]
Hodl Law has sued Coinbase for failing to issue its users promised Flare tokens (FLR) and Songbird (SGB). According to the lawsuit, the primary attorney in the dispute, Fred Rispoli, Coinbase, has not met its commitments to its clients in this matter. Rispoli posted about the complaint and its facts on January 17 for the […]
Flagright, located in Berlin, was founded in 2021 to protect FinTechs against financial fraud with risk-based monitoring procedures, real-time case management, screening, and user verification technologies. Flagright’s CEO, Baran Ozkan, was in charge of financial fraud prevention. Over a period of 15 months, he evaluated various transaction monitoring services and
When the Paycheck Program went live during the pandemic closures in the spring of 2020, it quickly became a chaotic free-for-all. The programme abbreviated PPP, provided small firms with modest, potentially forgiven government loans. Despite this, billions of dollars were distributed to corporations controlled by affluent celebrities such as Khloe Kardashian and Tom Brady