The trade group UK Finance recently published its annual fraud report, and the picture isn’t pretty for British consumers. Financial fraud in the country rose by 39% between 2020 and 2021. Of the 1.3 billion pounds ($1.8 billion) defrauded in that period, 583 million pounds...
The current wave of anti-money laundering (AML) technology has been largely precipitated by a series of directives issued by the European Parliament since 2015. Nevertheless, financial institutions (FIs) operating in the bloc have more to gain than legislative compliance when it comes to intercepting the...
From criminals creating fake accounts using stolen or synthetic identities, to exploiting the traditional onboarding process, to capitalizing on data breaches to launch credential stuffing attacks; there seems to be no shortage of avenues fraudsters are using to launch attacks aimed at online businesses. The...
In today’s top Europe, Middle East and Africa news, Robinhood takes a step toward European expansion by acquiring crypto platform Ziglu. Plus, online fraud prevention platform SEON raised $94 million to boost its global presence. Robinhood Adding Crypto Asset Platform Ziglu Ziglu, a U.K.-based electronic...
April 22, 2022
From criminals creating fake accounts using stolen or synthetic identities, to exploiting the traditional onboarding process, to capitalizing on data breaches to launch credential stuffing attacks; there seems to be no shortage of avenues fraudsters are using to launch attacks aimed at online businesses. The pandemic hasn’t helped either, creating an ecosystem that has accelerated […]
February 06, 2023
U.K. fraud prevention firm SEON has purchased anti-money laundering specialist Complytron. The acquisition, announced in a Monday news release provided to PYMNTS, is designed to create a combined fraud, anti-money laundering (AML) and financial crime prevention platform. The deal was in direct response to “an urgent demand for robust AML solutions, as the world adjusts […]
April 19, 2022
British-Hungarian online fraud prevention firm SEON has raised $94 million in Series B funding, the company said in a news release Tuesday (April 19). SEON said the funding, arriving a...
