Flagright raised $12.5 million in a Series A funding round to increase the capabilities and adoption of its artificial intelligence operating system for financial crime compliance. The company will use the new funding to expand explainable AI uses cases across investigations, alert intelligence, rule optimization,...
Fraud prevention in B2B payments has long operated on a simple premise: if something went wrong, there would be time to fix it. That is changing. Real-time payments, faster settlement and digital commerce are shrinking decision windows. Finance teams are shifting from fraud recovery to...
Cybersecurity company Ent has emerged from stealth with $100 million in seed funding. In announcing the financing Tuesday (June 16), Ent said its approach to cybersecurity is based on the belief that artificial intelligence (AI) “compresses the time between compromise and impact,” which means “prevention must once again become...
SoftBank Group has launched an artificial intelligence-powered cybersecurity solution that it will offer to companies in Japan that support the country’s critical infrastructure. The new Patching as a Service solution includes cybersecurity vulnerability assessments, remediation planning and implementation support, and it will be offered in...
CrowdStrike has added a new security control plane for artificial intelligence agents that provides continuous, risk-aware enforcement. The new Continuous Identity for AI agents, which joins the CrowdStrike Falcon Platform, authorizes every agent action based on who owns it, who is calling it, and real-time...
Phishing texts that mimic a bank alert or a package delivery notice usually point to a fake website built to capture passwords and card numbers. Google says one criminal network used artificial intelligence to build those websites at a scale no human team could match....
Fraud prevention has largely been treated as an institution-by-institution exercise. Banks built their own models, payment companies and vendors developed proprietary services and solutions. The latest guidance from the Financial Crimes Enforcement Network (FinCEN) suggests there’s strength in numbers, so to speak, and collaboration among...
Authorized push payments (APP) fraud continues to bedevil the financial sector in the United Kingdom. That’s according to the 2026 edition of Annual Fraud Report from UK Finance, which showed that criminals stole 1.28 billion pounds (about $1.7 billion) through payment fraud last year, a...
For decades, accounts receivable has operated on the assumption that there would be time to fix mistakes after money moved. But as instant and near-instant payment capabilities become more common, that assumption is breaking down. PYMNTS Intelligence research in collaboration with Plaid suggests the challenge...