March 29, 2024

Web and Technology News

AI startup Fourthline locks down $54M to bring better ID checks and compliance tools to the finance sector

As digital financial services become more advanced, so too do the efforts of malicious hackers and fraudsters to crack into those valuable systems — and so too do the efforts of regulators to build better structures to avoid that abuse. To help the finance sector meet those demands, an Amsterdam-based startup called Fourthline has built […]

AI startup Fourthline locks down $54M to bring better ID checks and compliance tools to the finance sector by Ingrid Lunden originally published on TechCrunch

Post Series-B, anti-fraud platform SEON acquires AML startup Complytron for a rumoured €2.5M

Budapest-based SEON, — an anti-fraud platform which looks at a customer’s ‘digital footprint’ to weed out false accounts and thus prevent fraudulent transactions —  has acquired compliance and AML specialist firm,  Complytron, also based out of Budapest. Terms of the deal were not officially released, but Techcrunch sources said the deal was in the region […]

Post Series-B, anti-fraud platform SEON acquires AML startup Complytron for a rumoured €2.5M by Mike Butcher originally published on TechCrunch

UK’s ThirdFort nabs $20M for tools to help with ID verification, and detect money laundering and payment fraud

Money laundering has been a hot topic of late in the UK, which is facing pressure to not just make tighter rules to track down the origins of money that’s spent on large assets in the country like prime real estate — the capital city has been dubbed by some as the “London laundromat” — […]

UK’s ThirdFort nabs $20M for tools to help with ID verification, and detect money laundering and payment fraud

Money laundering has been a hot topic of late in the UK, which is facing pressure to not just make tighter rules to track down the origins of money that’s spent on large assets in the country like prime real estate — the capital city has been dubbed by some as the “London laundromat” — […]