Mastercard has announced a landmark deal to acquire Recorded Future, a leading global threat intelligence company, in a transaction valued at $2.65 billion. This strategic move, expected to close by the first quarter of 2025 subject to regulatory approvals, marks a significant expansion of Mastercard’s capabilities in the cybersecurity domain. Strengthening Cyber Defences Amid Rising […]
Mastercard and PayU, a leading digital financial services provider in India, have unveiled a strategic partnership to integrate Brighterion AI solutions into PayU’s payment infrastructure. This collaboration aims to bolster PayU’s payment business by enhancing approval rates, reducing fraud losses, and enriching customer experiences through advanced artificial intelligence (AI). Key Aspects of the Collaboration The […]
PAYSTRAX, a leading payment processing solution serving merchants across the European Union and the United Kingdom, has entered into a significant partnership with Featurespace, a global leader in fraud and financial crime prevention technology. This collaboration aims to fortify PAYSTRAX’s security measures against fraudulent activities, leveraging Featurespace’s advanced technology to enhance transactional safety. As PAYSTRAX […]
Cotribute, an embeddable fintech platform, has been selected by Capitol Credit Union of Texas to improve new member onboarding and reduce fraud through its Consumer Account Opening module. Capitol Credit Union’s previous system was cumbersome, leading to higher abandonment rates. Streamlining Account Opening for Capitol Credit Union Members Austin, TX – Cotribute, a leading embeddable […]
Accel-KKR, a technology-focused private equity firm, has successfully completed the carveout acquisition of Accertify from American Express (NYSE: AXP). This strategic acquisition positions Accertify to operate as a standalone private entity, focusing on accelerating growth and innovation in the global fraud protection technology market. Enhancing Fraud Prevention and Security Services Accertify is a leading provider […]
Socure, a leader in artificial intelligence for digital identity verification, has launched its advanced Document Verification (DocV) solution. This cutting-edge system is designed to counteract the escalating threats posed by deepfakes, spoofing, and stolen identities in the digital economy. The new solution enhances the robustness of Socure’s fraud prevention capabilities, ensuring rapid and accurate identity […]
Incognia, a pioneering force in location identity solutions, has announced the successful closure of a $31 million Series B funding round, led by the esteemed Bessemer Venture Partners. The round saw contributions from FJ Labs, alongside continued investment from existing stakeholders such as Point72 Ventures, Prosus, and Valor Capital. This fresh injection of capital is […]