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Every Rupee Lost to Fraud in India Costs Firms ₹4.00 According to LexisNexis True Cost of Fraud Study
Banking News

Every Rupee Lost to Fraud in India Costs Firms ₹4.00 According to LexisNexis True Cost of Fraud Study

PR Newswire
by PR Newswire0
Fraud has increased for 54% of Indian organisations year-on-year. In APAC, digital channels account for more fraud losses than physical channels. Four in five Indian organisations say fraud is affecting their customer conversion rates. LexisNexis Risk Solutions has unveiled the findings of its 2023 LexisNexis True Cost of Fraud Study......
Finix Launches Automated Merchant Underwriting
Digital Payments News

Finix Launches Automated Merchant Underwriting

GlobeNewswire
by GlobeNewswire0
The no-code solution enhances compliance, streamlines and reduces costs, and simplifies onboarding for improved customer experiences Finix, the full-stack payment processor enabling businesses to accept and send payments, launched its Merchant Underwriting solution to automate underwriting workflows and streamline merchant onboarding processes. Finix’s latest solution collects and verifies necessary information via......
Financial-Services-Veteran-Scott-Smith-Joins-Buckler-as-CEO
Finance Fintech News

Financial Services Veteran Scott Smith Joins Buckler as CEO

PR Newswire
by PR Newswire0
Smith’s understanding of the dynamics and ecosystem that drive decision-makers at financial service firms will undoubtedly propel Buckler to new heights. Buckler, a premier provider of Cyber Program Management Solutions for the financial services industry, is delighted to announce the appointment of Scott Smith as its new Chief Executive Officer (CEO) and......
Zephyr AI Raises $111 Million in Series A Financing
Fintech Investments News

Zephyr AI Raises $111 Million in Series A Financing

Business Wire
by Business Wire0
The new funds will enable Zephyr AI to further enhance its analytical speed and fortify its extensive collection of training and validation data sets. Zephyr AI, Inc., a healthcare technology company committed to developing fast and explainable Artificial Intelligence (AI) solutions to democratize precision medicine, today announced it has successfully......
BlackRock Agrees to Acquire Global Infrastructure Partners (“GIP”), Creating a World Leading Infrastructure Private Markets Investment Platform
Fintech

BlackRock Agrees to Acquire Global Infrastructure Partners (“GIP”), Creating a World Leading Infrastructure Private Markets Investment Platform

Business Wire
by Business Wire0
The combination of GIP with BlackRock’s highly complementary infrastructure offerings creates a comprehensive global infrastructure franchise with differentiated origination and asset management capabilities. BlackRock, Inc. and Global Infrastructure Partners (“GIP”), a leading independent infrastructure fund manager, jointly announce that they have entered into an agreement for BlackRock to acquire GIP......
Carlyle and Insight partners to invest in Exiger
Fintech Investments News

Carlyle and Insight partners to invest in Exiger

Fintech News Desk
by Fintech News Desk0
The partnership will enable Exiger to continue investing in its award-winning product portfolio of AI solutions that are used in critical applications across government and commercial markets. Exiger, a SaaS company, announced today that it has entered into a definitive agreement through which it will receive a majority investment from......
TMX Group Announces Agreement to Acquire VettaFi
Fintech News

TMX Group Announces Agreement to Acquire VettaFi

PR Newswire
by PR Newswire0
TMX invests to expand capabilities in data-driven analytics and indexing solutions for a global client base of issuers and advisors, announces analyst webcast and conference call on December 14, 2023 at 8:00am EST to discuss TMX to acquire remaining ~78% of the common units of VettaFi for US$848 million Deal accelerates long-term growth strategy as......
Featured Fintech Fintech Primers Lending

What Are The Pros of Fintech Lenders?

Pooja Choudhary
by Pooja Choudhary0
Introduction Online “fintech” lenders, which are not banks, may look at “alternative data,” such as the regularity with which a borrower pays their rent or utility bills, to establish the borrower’s creditworthiness. There are potential benefits to expanding access to loans through the use of alternative data. Lenders can now......
Socure Launches the Industry's Most Accurate Synthetic Fraud Solution
Artificial Intelligence Fintech News

Socure Launches the Industry’s Most Accurate Synthetic Fraud Solution

PR Newswire
by PR Newswire0
Sigma Synthetic Fraud v4 Includes “Proof of Life” Data Sources, Adding a New Level of Accuracy that Stops the Fraud Before it Can Enter the Digital Economy Socure, the leading provider of Artificial Intelligence for digital identity verification, fraud prevention, and sanctions screening has launched Sigma Synthetic Fraud v4. The product uses advanced machine learning and diverse, third-party and network......
TRAFiX Secures Strategic Growth Investment from Marlin Equity Partners
Investment Services News

TRAFiX Secures Strategic Growth Investment from Marlin Equity Partners

PR Newswire
by PR Newswire0
TRAFiX, a fast-growing capital markets software platform, plans to use the investment to accelerate product development for its global customer base TRAFiX LLC, a leading provider of order and execution management software (“OEMS”) and FIX connectivity solutions for the global capital markets, announced that it has secured a strategic growth......
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