PYMNTS

NOVEMBER 20, 2020

Fresh on the heels of a $200 million round of fundraising, Tel Aviv’s Red Dot Capital is straying from its bread-and-butter focus on homegrown Israeli technology and security startups to find opportunity half a world away in Southeast Asia. But Stern said the strategy shift isn’t just based on the need to fuel growth.

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PYMNTS

JANUARY 3, 2019

A new study has revealed that retailers will lose around $130 billion in digital CNP (Card-not-Present) fraud between 2018 and 2023. A layered FDP (Fraud Detection & Prevention) solution naturally helps directly preventing fraud, but it also offers major gains in terms of recovering potentially lost revenue through false positives.

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Fraud Study Retail Online 152

PYMNTS

NOVEMBER 24, 2020

The combined company, to be led by Metromile CEO Dan Preston , will have a pro forma market capitalization of approximately $1.3 Investors Social Capital, Hudson Structured Capital Management, Miller Value, Clearbridge and Mark Cuban have committed to investing $160 million through a private placement of INSU II Class A common shares.

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Arizona Pennsylvania Capital Washington 264

PYMNTS

JULY 17, 2020

The stats suggest the strength of the B2B FinTech market’s ability to attract big-ticket funding rounds despite an overall dip in investment. Local reports in Naija247News noted the company aims to digitize retail supply chains and address the industry’s fragmentation as it looks to expand into new markets on the continent.

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Fintech Capital Fraud Cards 225

PYMNTS

JUNE 23, 2017

More than $30 million in venture capital stuck around the U.K., million in Series A investment funding led by Propel Venture Partners; Freestyle Capital, Compound, Upside Partnership and Transmedia Capital also participated. and Canada, mostly focusing on Series A investments. Enterprise Security. Corporate Accounting.

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PYMNTS

JANUARY 24, 2021

The crimes that ended up driving the change in 2020 were scams and the darknet market, the blog's stats report. The partnership will utilize SGX's multi-asset experience and strengths in working with operating market infrastructure, along with Temasek's work in blockchain and ecosystem connectivity.

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Bitcoin Marketing cryptocurrency Cards 234

PYMNTS

SEPTEMBER 27, 2017

According to a news report in The Wall Street Journal , the lawsuit, which was filed by the Irving Firemen’s Relief & Retirement Fund, contends that Uber’s ex-CEO, Travis Kalanick, knew he was misleading investors during capital-raising efforts by not informing them that Uber may have broken laws.

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South State Correspondent

OCTOBER 4, 2023

If you want to grab a material amount of new deposit balance, offer a 5.05% money market rate, post it all over Instagram, and sit back and watch the money roll in. In this article, we will show you 15 proven deposit marketing campaigns that will rack up deposit-gathering wins while building a high-performing bank in the process.

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PYMNTS

FEBRUARY 28, 2019

Socure, the provider of identity verification and fraud prevention services, announced Thursday (Feb. In a press release , the company said the round of funding was led by Scale Venture Partners and included participation from existing investors Commerce Ventures, Flint Capital, Two Sigma Ventures and Synchrony.

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PYMNTS

AUGUST 14, 2020

But the news service reported the sector was plagued by fraud and defaults. Earlier this year, PYMNTS reported China’s P2P lending market was headed for more turbulence in 2020 as more of its popular platforms face potentially being shut down as the government tightens regulations. 14), per the report.

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Abrigo

FEBRUARY 6, 2025

Accurate and streamlined investment accounting supports overall risk management, particularly in areas like credit, market, and liquidity risk. However, risks in the investment portfolio should be minimized to ensure that liquidity and marketability are maintained. WATCH Investment accounting compliance risks U.S.

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PYMNTS

JANUARY 17, 2020

In today’s top news, China’s economy grew by its slowest rate since 1990, Alphabet reached $1 trillion market value, and attempted check fraud spiked 43 percent. Alphabet Market Cap Hits $1T. Google’s parent company, Alphabet, reached $1 trillion market value, joining Apple, Amazon and Microsoft in hitting the milestone.

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PYMNTS

FEBRUARY 4, 2019

4) that the fraud was also perpetrated on other British banks. Of those customers impacted by this type of fraud, an extremely small number have been Metro Bank customers and none have been left out of pocket as a result,” a bank spokesperson said. “We billion) hit to the bank’s levels of capital. The bank said on Monday (Feb.

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PYMNTS

NOVEMBER 15, 2018

Instacart raises new capital, Berkshire takes a stake in Chase and bitcoin has a bad day. Data: Thanksgiving Day Will See Peak Fraud Attempts. Data: Thanksgiving Day Will See Peak Fraud Attempts. Instagram Rolls Out Three New Ways to Discover Products to Purchase. Instacart Raises $271M on $7.8B Bitcoin Drops Below $6,000.

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PYMNTS

MAY 8, 2019

PYMNTS readers might recall that late last year, FreightRover secured $500 million in financing to fuel its factoring operations, with the capital coming from Crayhill Capital Management. a trucking firm also based in Indianapolis (capital of a state whose motto is “The Crossroads of America”). Fraud Allegations.

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PYMNTS

NOVEMBER 2, 2018

In this week’s rundown, the industry landed the most funding among B2B FinTechs, though other bright spots included cybersecurity, alternative finance and a startup working to prevent firms from losing money when employees commit expense fraud. See how nearly $174 million in funding for B2B startups landed in our roundup below.

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Fintech Capital Security Fraud 188

PYMNTS

DECEMBER 19, 2019

Yet, each of these strategies to modernization is a double-edged sword, exposing a bank — and, thus, its partners and customers — to a new breed of fraud risks. This is especially true as banks’ customers expect their FIs to bear the burden of fraud protection. In the U.K., for example, cyberattacks cost an estimated $10.74

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PYMNTS

OCTOBER 4, 2016

As reported by Courthouse News Service , the financial giant has been ordered to face claims of as much as $163 million tied to allegations of fraud that Wachovia used certain securities as a “dumping ground” for assets the bank no longer wanted to hold. That debt had been sold by Wachovia’s capital markets division.

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BankInovation

SEPTEMBER 6, 2024

American Express is maintaining its capital position while investing in its technology framework, marketing efforts, and merger and acquisition opportunities. “We We want to invest in the business,” Anna Marrs, group president of global commercial services and credit and fraud risk at the financial giant, said Sept.

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PYMNTS

FEBRUARY 27, 2020

At the same time, digital banks are looking to capitalize on their growing small and medium-sized business (SMB) customer base, with open banking and bank-FinTech collaborations an important part of that strategy. Open banking may seem like an inevitability in any market, but in China, the path to unlocking bank data may be more complicated.

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PYMNTS

JANUARY 30, 2019

Stripe is a leader in the market, with its platform that enables electronic payments and secure transactions both in-store and online. Other investors in Stripe include Andreessen Horowitz, Peter Thiel, Elon Musk, Google’s venture arm Capital G, Sequoia Capital and Kleiner Perkins, reported CNBC, citing data from PitchBook.

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San Francisco Capital Online Fraud 205

PYMNTS

MARCH 27, 2020

It’s too soon to tell how coronavirus will impact the venture capital ecosystem, but some analysts are turning to the economic crisis of 2008 to make some educated guesses. In a recent report, CrunchBase looked back at how VC investors reacted to the market downturn over a decade ago. Arkose Labs.

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PYMNTS

NOVEMBER 3, 2017

It was a busy time for B2B venture capital this week, and while funding ranged across verticals from expense management to SaaS, there was a clear theme in investment rounds: high-tech data analytics. The company said it will use the backing to focus on its go-to-market strategy and expand existing leadership. Expense Management.

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Analytics Data Capital San Francisco 189

PYMNTS

SEPTEMBER 12, 2020

NS8 , a Las Vegas-based online fraud prevention and detection software maker for small and medium-sized businesses (SMBs), has begun layoffs following the abrupt resignation of its CEO. 8) that the Securities and Exchange Commission (SEC) was investigating the company for alleged fraud. “We.

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PYMNTS

AUGUST 7, 2020

A recent survey revealed that 93 percent of United Kingdom gaming compliance managers anticipate growing numbers of chargebacks and fraud as the pandemic prods consumers to access online services. Gaming platforms were facing increasing instances of fraud before the pandemic began. Fighting Back Against Gaming Fraud .

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Online System Fraud Video 222

PYMNTS

JULY 16, 2020

Blockchain initiative Teller has notched $1 million in a Framework Ventures-led seed capital to create a decentralized finance (DeFi) credit risk tool, according to an announcement. On another note, a 20-something individual has been charged with wire fraud for allegedly bilking investors out of over $4.5

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PYMNTS

FEBRUARY 19, 2019

During a fraud trial on Tuesday (Feb. Marcus Agius was speaking during a trial of four former Barclays executives accused of lying to the market about fees it paid to Qatar in exchange for investment in the bank. We at Barclays did not anticipate how much worse things were going to get,” he said.

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PYMNTS

JUNE 3, 2020

Imagine if a North American company had the market share of Amazon, the payment flexibility of PayPal and the credit portfolio of Visa. That means anti-fraud measures have 18 different varieties, as do other financial regulations. Thus, fighting fraud is one of Gimenez’s priorities. “In In Q1, its mobile wallet delivered $1.3

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PYMNTS

JUNE 21, 2019

Former Barclays boss John Varley has been acquitted in a fraud trial regarding payments made to Qatar while the financial crisis was in full swing, according to a report by the Financial Times. billion but that the deal was not disclosed properly to the market or other investors, and that it secretly paid Qatar £322 million.

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Fraud Cards Capital Groups 108

Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? For example, in the pharmaceutical industry, manufacturers can use regtech to ensure that marketing complies with FDA requirements. Of course, banks and credit unions are highly regulated industries, and this is increasing. Talk to a specialist to learn more.

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? For example, in the pharmaceutical industry, manufacturers can use regtech to ensure that marketing complies with FDA requirements. Of course, banks and credit unions are highly regulated industries, and this is increasing. Talk to a specialist to learn more.

Technology 195

Technology Fraud Compliance Regulation 195

PYMNTS

JUNE 17, 2020

Gianluca Pizzituti , CEO and co-founder of invoice financing platform Velotrade , told PYMNTS about the risks financiers must mitigate in the trade finance arena, the role of data in mitigating those threats, and the evolving role of invoice finance to help B2B companies endure the most volatile market many have seen in years. ”

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Fraud Capital Data Payments 171

PYMNTS

APRIL 26, 2019

The Journal reported that Tether has “become a major source of liquidity in the cryptocurrency market,” and about 80 percent of all bitcoin trading is done in Tether, as research site CryptoCompare has estimated. The attorney general’s complaint states that Crypto Capital failed to process redemption orders.

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PYMNTS

SEPTEMBER 7, 2020

For businesses, the world market was thrown into volatility, yet soon, new opportunities emerged. Amid these controversies, smaller commercial card FinTech startups like Brex continued to add new competition into the market. The year 2020 began inconspicuously — but in a few short weeks, everything changed. Spring’s SMB Support.

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Cards Tools Capital Payments 246

PYMNTS

SEPTEMBER 15, 2020

Emerging markets have their own challenges when it comes to banking, where big, traditional financial institutions (FIs) are anything but efficient. He also cited “banks’ aversion to taking on risk and fraud” in a proactive manner that leads them to create and promote new card offerings.

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PYMNTS

JUNE 22, 2020

Intellicheck said Friday (June 19) the proceeds, totaling $10 million, will be used for general corporate purposes and working capital. Northland Capital Markets is act ing as the manager for the offering and B. Riley FBR is serving as the company’s financial adviser. “We Net income in the first quarter was $27,000 or $0.00

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PYMNTS

NOVEMBER 26, 2020

The faster payment receipt is meant to help clients get better working capital, the press release said. In addition, the risk of fraud is less, as is the cost of collecting payments. The idea of having just one account is to make sure customers don't have to switch accounts when moving to different markets.

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