Ravelin snapped up by Worldpay as its fight against AI fraud continues
Worldpay has entered into a definitive agreement to acquire Ravelin, the UK-based AI-native fraud prevention platform. The rationale? Worldpay says Ravelin will complement and enhance its portfolio of value-added solutions and ‘enable merchants of all sizes to grow faster and protect their businesses as fraud activity accelerates globally’. Since its inception in 2015, Ravelin has […]
AI Financial Fraud: How fraudsters are using AI (and how to combat it)
Tackling financial fraud has become more difficult than ever in recent years, thanks to the increasing prevalence of AI (artificial intelligence) in financial fraud. A recent report from Signicat has highlighted the prevalence of AI in the murky world of financial fraud, suggesting that AI now accounts for 42% of all financial fraud attempts – while just […]
