Source: Trustev & ITLG, 15th May 2013 (The following press release can also be downloaded as a PDF.) Trustev Takes Top Prize Cork Technology Startup Trustev wins first place prize at prestigious technology awards in San Francisco. Trustev, the Irish startup on a mission to end online fraud, was today announced as overall winner at…
Source: #TheFraudTube & Facebanx, 23rd April 2013 A new cloud based facial recognition technology, Facebanx, has been developed that will enable insurance companies to dramatically reduce both policy & claims fraud, and provide a key weapon in their battle to regain market share from insurance aggregators. FaceBanx, a division of OhHi, a successful video chat…
Source: iovation, 10th September 2012 According to iovation, Linux devices have the highest percentage of fraudulent transactions originating from them. The company came to its findings by analyzing fraudulent transactions as a percentage of overall transactions from each mobile and fixed Internet device it tracked from January to July 2012. Be Sociable, Share! Tweet
Source: FICO and Adeptra, 16th August 2012 FICO will acquire Adeptra for an all-cash purchase price of $115 million, subject to typical post-closing adjustments. The acquisition is expected to be accretive on both a pro-forma and GAAP basis in FY13. The deal is anticipated to be completed in September 2012, upon satisfaction of customary closing…
Source: BusinessForensics, 15th May 2012 “BusinessForensics’ solutions have a huge impact in minimizing the cost of fraud across industries,” said Douglas Wood, senior vice president at Infoglide. “After careful research we have selected Infoglide’s IRE to enhance our product suite” says Frank Kurstjens, COO at BusinessForensics. “IRE’s capabilities are the best in the marketplace, and…
Source: NICE Actimize, 30th April 2012 NICE Actimize, a NICE Systems (NASDAQ:NICE) company and the largest and broadest provider of a single financial crime, risk and compliance software platform for the financial services industry, today announced the availability of a comprehensive hedge fund trading compliance solution designed to monitor the activities of hedge funds across…
