Search Results for: potential fraud
Valid8 Financial Accelerates Growth, Shaping Verified Financial Intelligence Category
 AI-powered forensic accounting solution secures $8.5 million Series A fundraise led by Silverton Partners Valid8 Financial, the leader in Verified Financial Intelligence, announced $8.5 million in Series A funding led by Silverton Partners with participation from Touchdown Ventures, First Trust, CPA.com and Capital Midwest. Valid8 provides AI-powered forensic accounting solutions to accounting and......
PalmPay Reinforces Commitment to Educate Users through Monthly Wallet Safety Workshops
PalmPay is taking its commitment to user security to the next level by integrating liveness detection and facial recognition capabilities into its transaction scenarios, particularly during withdrawals As electronic payment platforms gain traction, the need for consumers to be conscious of their online security becomes paramount. Recent data highlights a......
ClassWallet Closes $95 Million Funding Round to Continue Reshaping the Way State
ClassWallet, the leading digital wallet-based purchasing and reimbursement platform for public funds, announced it closed its first institutional growth capital funding round of $95 million. Guidepost Growth Equity led the raise which included Education Growth Partners (EGP) and Lazard Family Office Partners. The investment builds on ClassWallet’s rapid growth and supports its continued efforts......
CoolWallet Now Supports New ZK Rollup Linea’s Web3 Ecosystem With DApp
In a significant development in the Web3 landscape, leading hardware wallet brand CoolWallet has announced support for the innovative Ethereum layer-2 zero-knowledge (ZK) rollup network, Linea. The cold wallet pioneer’s latest move provides Linea ecosystem users with enhanced cold storage experience and smart contract safety when transacting. Linea, a brainchild of ConsenSys—the foremost......
Felix Pago Improves Trust in Cross-Border Payments by Leveraging SEON
SEON has partnered with digital remittance leader, Felix Pago, to improve trust in the world of cross-border payments. Felix Pago, a US fintech that specializes in remittance payments, utilized SEON’s powerful phone and email lookup tool to cut its fraud rates to almost 0% while delivering a 100% improvement in......
Modulus Security Bulletin to Digital Assets Exchange Operators: Extreme Risk in Using Chinese Software Providers
Modulus, a US-based developer of ultra-high-performance trading and surveillance technology that powers global equities, derivatives, and digital asset exchanges, issued a security bulletin warning digital assets exchange operators of the dangers created by using Chinese software. This includes vendors which claim to be headquartered in Singapore but have strong ties......
Why Only AI and Data Analytics Can Stop Financial Criminals
The first piece of anti-money laundering legislation took effect in 1970 when the US introduced the Bank Secrecy Act (BSA). Since then, financial institutions have been under pressure to stop those who aim to benefit financially from wrongdoing.   Recommended: Importance Of Customer Experience Management In Fintech Industry In their bid to......
US Bank Launches Business Altitud Connect World Elite Mastercard
U.S. Bank, an industry leader in payment and banking services for small business clients, and Mastercard announced the launch of the new U.S. Bank Business Altitude Connect World Elite Mastercard to maximize rewards for business travelers. With benefits including 5x back on prepaid car and hotel bookings via the U.S. Bank......