Fingerprint, known as the world’s most accurate device intelligence platform, is partnering with Oscilar, a leader in AI-driven risk and fraud management. The partnership between Fingerprint and Oscilar is driven by the urgent need to tackle increasing online payment fraud, which is expected to result in losses amounting to $343bn between 2023 and 2027. With the rising use of digital financial apps by consumers, there is a critical demand for effective solutions that not only prevent fraud but also maintain a seamless user experience. Fingerprint offers a device intelligence platform that util ..read more

Ushur, a leader in AI-powered Customer Experience Automation (CXA), has introduced a new self-service solution tailored for financial institutions to automate Know Your Customer (KYC) and paperless enrolment processes. With KYC regulations mandating continuous verification of customer records, including phone numbers and addresses, traditional outreach methods like letters and emails often yield low response rates, posing compliance risks for businesses. Additionally, the transition from paper-based to digital processes in financial institutions has made securing customer consent through conve ..read more

A recent FTC settlement has thrust payment processing company BlueSnap into the spotlight, as it agreed to pay $10m to settle a lawsuit over its alleged involvement in processing payments for “deceptive and fraudulent” companies. According to Finextra Research, the settlement also involves the company’s former CEO Ralph Dangelmaier and Senior Vice President Terry Monteith. The Federal Trade Commission (FTC) accused BlueSnap and its executives of knowingly facilitating fraudulent activities by processing millions of dollars in credit card payments for ACRO Services, despite ample evidence sugge ..read more

The Spring 2024 Joint Committee update by the three European Supervisory Authorities (EBA, EIOPA, and ESMA) on risks and vulnerabilities in the EU financial system underscores ongoing challenges amidst a backdrop of changing economic dynamics and geopolitical uncertainties. Financial markets have shown resilience with strong performances, yet risks of market corrections loom large due to the anticipation of interest rate cuts in 2024, both in the EU and the US. Credit risk is expected to rise alongside growing refinancing needs, particularly in high-yield debt and real estate sectors. This pos ..read more

RegTech company Quantifind, prides itself on its commitment to delivering high quality risk intelligence solutions. As part of this, the company recently introduced new product features and functionalities at the start of this year, marking a significant advancement in its capabilities.  One of the standout enhancements is the extension of Chinese transliteration capabilities. The proprietary Name Science now includes improved predictions for the ethnolinguistic group of a provided name, along with likely variants of that name based on global naming patterns. This enhancement is particula ..read more

Aikido, a disruptive force in developer security, has successfully closed a $17m Series A funding round. The round was led by Henri Tilloy from Singular.vc, supported by returning investors Notion Capital and Connect Ventures. This impressive financial injection follows closely on the heels of their $5.3m seed funding, secured just six months prior. The company has carved a niche for itself by offering an all-in-one security platform tailored specifically for developers. Aikido’s innovative platform integrates necessary code and cloud security scanners into a single, user-friendly interface. T ..read more

StepSecurity, a cybersecurity firm specialising in CI/CD pipeline and infrastructure protection, has successfully closed a $3m seed funding round. The round was led by Runtime Ventures, with contributions from Inner Loop Capital, SaaS Ventures, DeVC, and several high-profile industry leaders as angel investors. StepSecurity offers a robust platform designed to secure CI/CD pipelines utilised by open-source projects and enterprise environments. Since its founding two years ago by cybersecurity experts Varun Sharma and Ashish Kurmi, the company has become a critical player in the sector. Its ser ..read more

Insane Cyber, a cutting-edge firm in the industrial cybersecurity sector, has successfully completed a $4.2m early-stage funding round. The funding round was spearheaded by Paladin Capital Group and saw contributions from a Fortune 200 energy company, along with the Cyber Mentor Fund. Founded in 2020 by Dan Gunter, Insane Cyber has rapidly become a notable name in the cybersecurity landscape. The company is dedicated to using automation to defend critical infrastructure within the energy, data centers, government, oil and gas sectors, among others. Insane Cyber is known for its Valkyrie Automa ..read more

LayerX Security, a pioneering company in browser security solutions, today announced a substantial $26m in Series A funding. The round was led by Glilot+, the early-growth fund of Glilot Capital Partners, with significant contributions from Dell Technologies Capital and other investors. The funding will enable LayerX Security to expand its talent pool and enhance its presence in the global market. This investment round brings the total capital raised by the company to $34m. LayerX Security is at the forefront of the browser security market with its innovative LayerX Browser Security Platform ..read more

Know Your Customer (KYC) procedures are fundamental policies and processes implemented by businesses to mitigate risks and authenticate the identities of customers throughout their entire lifecycle. These protocols are especially critical in regulated industries, serving as a safeguard against money laundering, terrorism financing, fraud, and other illicit activities. FullCircl has put together a comprehensive guide to KYC procedures. In the UK, adherence to KYC & Anti-Money Laundering (AML) regulations is overseen by various regulatory bodies, including the Financial Conduct Aut ..read more