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FintechNews RoundupNorth AmericaUSA
·Nov. 21, 2016

ID Authentication Company, Trust Stamp, Raises Capital

Trust Stamp, who focuses their business on identity authentication that leverages artificial intelligence and blockchain technologies, just raised a new round of funding from Second Century Ventures; the amount of the funding has yet to be disclosed; Trust Stamp uses artificial intelligence software to comb through public records and social media data to provide ID verification to real estate professionals who meet new clients; the new funding will help them to continue building out their technology and integrate blockchain into their processes.  Source

 

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EuropeFintechNews Roundup
·Aug. 3, 2017

ID Finance Partners with Da Vinci Capital for Fintech Fund

ID Finance will collaborate with Yuri Popov and asset manager Da Vinci Capital to launch the FinTech Credit Fund; estimated fund value is $200 million with debt financing focused on fintech and alternative lending; ID Finance is a growing fintech firm with three businesses: MoneyMan, Ammopay and Solva. Source

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EuropeFintechNews Roundup
·Oct. 11, 2017

ID Finance to Raise $100 Million

Business Insider caught up with ID Finance co-founder and CEO Boris Batin at LendIt Europe; the company hopes to raise around $100 million through bond issuances over the next year; to date ID Finance has raised $10 million in equity and $70 million in debt; the startup is based Barcelona and lends in Russia, Spain, Kazakhstan, Georgia, Poland, Brazil and Mexico; ID Finance has lent $300 million so far. Source

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Server racks in computer network security server room data center, 3d rendering. Computer digital drawing.
Fintech
·Feb. 16, 2022

Identiq uses multi-party computations to provide BNPL security

Identiq provides a higher level of risk analysis for buy now, pay later (BNPL) customers by leveraging tech that has been around for decades.
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Fintech
·Feb. 17, 2022

Identiq uses multi-party computations to provide BNPL security

Identiq provides a higher level of risk analysis for buy now, pay later (BNPL) customers by leveraging tech that has been around for decades.
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Fintech
·Aug. 5, 2022

Identity Decisioning Platform Alloy Announces Global Expansion Plans

Alloy, which claims to be the leading Identity Decisioning Platform for banks and fintech companies, announced its global expansion.
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Fintech
·Oct. 21, 2021

Identity decisioning platform Alloy moves into credit underwriting

Alloy, the recently named unicorn, has expanded its identity decisioning platform to include credit underwriting, with the intention of building comprehensive views of customers in line with their onboarding and transaction monitoring products.
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FintechNews RoundupUSA
·Feb. 9, 2018

Identity Fraud in the US Hits an All Time High

A record number of Americans experienced identity fraud in 2017, that represents an 8 percent increase from 2016; according to a study by Javelin 16.7 million people were hit by identity fraud; the rate of increase for identity fraud has slowed from 2016 but Americans that were notified about a breach also went up 30 percent; fraud prevention has become one of the main topics in fintech and banking as companies look to leverage new technologies like AI and blockchain for solutions. Source.

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FintechUSA
·Jul. 2, 2020

Identity Fraud is Soaring and How One Lender is Attacking the Problem

Penny Crosman writes in American Banker about the rise in identity fraud in the past year; citing a Javelin Strategy...
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FintechNews RoundupUSA
·Feb. 7, 2018

Identity Fraud Reached All Time High in 2017

According to a 2018 identity fraud study, victims increased 8% to 16.7 million US consumers in 2017; this is a record since Javelin Strategy & Research began tracking data in 2003; as chips in cards have become more prevalent, fraud has continued to move online; the research highlighted the increase in intermediary accounts being created by fraudsters which could include PayPal and Amazon accounts; article shares further data on trends in identity fraud. Source

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