Author: Fady Askharoun
Fraud has been rising in the US. According to official estimates made by the Federal Trade Commission (FTC), consumers reported 2.4 million instances of fraud in 2022. The number has risen by 30% since 2021…
Sardine has taken on fraud in a big way this week, with two major announcements within 48 hours. Fraud is becoming an ever-present danger for an increasingly digital financial system. Global payment fraud losses have…
July has come full of expectations. The long-awaited FedNow is (apparently) on the brink of launch. Despite The ClearingHouse launching its own Real-Time Payments (RTP) Network in 2017, there is a sense that FedNow will…
Organized crime groups are exploiting gaps in detection technology to orchestrate financial fraud on a massive level simultaneously across multiple businesses and geographies. The result? Actual fraud rates are multiple times higher than reported, AU10TIX’s…
In this conversation, we chat with Jason Wenk, who is the Founder & CEO at Altruist. Apart from this Jason is a writer, self-proclaimed math geek, and investment systems developer. He began his career at Morgan…
We look in detail at the state of marking recently-private-fintechs to the public market in mid-2021. Multiple industry segments have seen IPOs, direct listings, and SPACs transition fintech darlings into traditional stocks. How is performance…
In this conversation, we chat with Tim Frost, CEO and Co-Founder of Yield App, a fintech app making DeFi accessible to everyone. Prior to founding Yield, Tim helped build 2 previous digital banks, Wirex and EQIBank. Tim…
In this video conversation we feature a roundtable by The Defiant exploring how and if the gap between Fintech and DeFi will be bridged. DeFi PanelistsLex Sokolin, head economist at ConsenSysSantiago Roel Santos, angel investorSpencer Noon, Investor…
In this conversation, we chat with Paul Rowady is the Founder and Director of Research for Alphacution Research Conservatory and a 30-year veteran of proprietary, hedge fund and capital markets research, trading and risk advisory…
John Lynch and his fraud identification team at Amount had automated many processes for its banking partners, but were still looking for a way to enhance their services and reduce the time it required to…
In this conversation, we chat with Elizabeth Rossiello – the CEO and founder of AZA, an established provider of currency trading solutions which accelerate global access to frontier markets through an innovative infrastructure. Elizabeth founded the company in…
Hi guys, welcome to the Fintech Coffee Break. I’m your host Isabelle Castro. This week I sat down with Andrew Davies Global Head of Regulatory Affairs at ComplyAdvantage. Fraud levels continue to affect the financial…
In this conversation, we chat with Daniel Finlay – a former Apple software developer, co-founder and co-lead developer on MetaMask – a non-custodial Ethereum wallet, allowing users to store Ether and other ERC-20 tokens and make…
We look at the state of M&A in decentralized protocols, and the particular challenges and opportunities they present. Our analysis starts with Polygon, which has just spent $400 million on Mir, after committing $250 million…
In this conversation, we chat with Hany Rashwan – the founder of Amun and 21Shares. Hany built the company that put out the first physically backed crypto Exchange Traded Product (ETP). In simpler terms, he created a vehicle…
In this conversation, we chat with Henry Yoshida – Co-Founder & Chief Executive Officer, Rocket Dollar. Prior to Rocket Dollar, Yoshida was the co-founder of Honest Dollar, a robo-advisor retirement platform that was acquired by Goldman Sachs, as well…
E-commerce fintech SellersFi secured a $300 million credit facility from Citi, as the U.S. bank is seeing to up its stake in e-commerce and SME lending, leveraging the increasing popularity of alternative payment trends. This…
Research from TransUnion suggests that the Federal Housing Finance Agency’s (FHFA) move to a bi-merge system could significantly impact both consumers and lenders while providing little to no positive benefits. TransUnion SVP and mortgage business…
Mexican fintech Kapital raised $40 million in a Series B funding this month, together with $125 million in debt financing, as the SME-focused bank seeks to expand its reach elsewhere in Mexico and Latin America.…
Fintech leaders in Latin America expect investment capital to be more abundant next year, as interest rates worldwide reach a tipping point in early 2024 and the region benefits from secular trends such as nearshoring…
In 2023, M&A activity fell to its lowest level in ten years, as high interest rates and a global economic slowdown dragged down dealmaking. Specifically, total M&A deal flows fell by 18% to about $3…
The financial world is no stranger to fraud. According to a study by the Federal Trade Commission, fraud rates have increased consistently over the past three years. In 2022, consumers lost over $8.8 billion to…
A look behind the numbers in AU10TIX’s Q2 2023 Global Identity Fraud Report gives clear insight into the mind of the professional fraudster. The report analyzed millions of global transactions from April through June 2023 to identify industry-specific…
The venture capital firm F-Prime released their 2024 State of Fintech report today. It makes for some very interesting reading. It takes us through the state of fintech today with a focus on valuations and…
Much has been made about the advances in document automation that has led to efficiencies in many areas of fintech. But the fraudsters also have access to this same technology. It is automation and the…
If you’re a lender, you have a fraud problem! Fraud is an unfortunate reality of every single lending business, because if your product is money, someone will try to steal it. As a potentially major…
Risk teams today have a challenging job. New threats continue to emerge, often more complex and sophisticated than previous efforts. At the same time, fintechs are expected to grow by providing a seamless customer experience.…
Sam Altman, CEO of OpenAI, has a lot on his plate: Overseeing a cutting edge startup valued at $80 billion, being investigated by the SEC regarding investor communications at Open AI, and coping with a…
Colombian payments fintech Bold secured $50 million in a Series C funding round led by private equity firm General Atlantic, marking the latest in a series of venture capital investments in 2024. This influx of…
Many security companies can lock your front door, but DataVisor co-founder and CEO Yinglian Xie said focusing on every area of the house is a much more effective strategy for fighting fraud. DataVisor combines applied…
The importance of liveness detection was one positive development arising from the COVID-19 pandemic. It’s an essential feature of a biometric-based security strategy, iProov chief product and innovation officer Joe Palmer said. The pandemic dragged…
Sift’s new Fraud Industry Benchmarking Resource (FIBR) lets fraud and risk professionals see how their business’ security tools stack up against the competition. FIBR posts payment fraud attack rates, fraudulent chargeback rates, and manual review…
Capstack Technologies’ founder and CEO Michal Cieplinski believes he has the antidote to the Silicon Valley Bank meltdown, and Citi Ventures agrees. Citi Ventures has invested an undisclosed sum in Capstack, a marketplace designed to…
In the rapidly evolving fintech landscape, the imperative to keep innovating the customer experience while combating digital fraud has never been more critical. AtData’s recent white paper, “Secure Yet Seamless: Innovating Customer Experience in the…
As artificial intelligence (AI) provides new tools to criminals, Incognia has the antidote, with tools that are 17 times more effective than facial recognition. Incognia, which recently closed a $31 million Series B, combines GPS,…
The iProov Threat Intelligence Report 2024 describes how new technologies have accelerated the digital arms race between threat actors and those charged with stopping them. Copies can be downloaded here. Dr. Andrew Newell, iProov’s chief scientific…
