In the rapidly evolving digital landscape, identity verification has become a critical need for businesses and consumers alike. With growing concerns over security breaches, identity theft, and sophisticated fraud techniques, companies are seeking robust solutions to safeguard their operations and
Yooz, a leading provider of cloud-based purchase-to-pay (P2P) automation solutions, has announced the introduction of its advanced fraud prevention and security solution, YoozProtect, to the North American market. This initiative comes at a crucial time when financial fraud, particularly in the
Financial fraud has reached alarming levels in recent years, with reported losses in 2024 amounting to over $12.5 billion—a significant 25% increase compared to the previous year. In response to this trend, an overwhelming 77% of surveyed financial institutions anticipate that fraud cases will c
The insurance industry is undergoing a radical transformation as Artificial Intelligence (AI), Machine Learning (ML), and Big Data analytics revolutionize traditional practices. These technological advancements are not merely incremental; they are fundamentally altering how insurers operate, assess
In an industry grappling with sophisticated fraud tactics and increasingly stringent regulatory frameworks, a novel partnership has emerged to address these challenges head-on. Tuum, a modular, cloud-native core banking provider, has teamed up with Sumsub, a renowned full-cycle verification
In today's rapidly evolving financial landscape, the security and integrity of transactions are more paramount than ever before. With the growing menace of financial crimes such as money laundering and fraud, businesses seek robust solutions to safeguard their operations. Pleo, a leading
