VERITUITY

Reflecting on a recent PYMNTS article on BEC https://lnkd.in/eTQKjV3H and the deep fake attack on a Ferrari executive that was thwarted by a relationship question, I was reminded why VERITUITY leverages proprietary multi-feature relationship verification models to combat B2B and B2C payment fraud. The power of relationship verification is that every payout has a wide range of unique passive and active relationships that are tough for fraudsters to steal and manipulate. By thoroughly knowing and understanding these relationships and their interactions for each payout, we can verify the accuracy of the payout origination file, the payee’s identity and the ownership of the payment account regardless of the payment type with a high level of precision and confidence. The impact, payers and banks can trust they are paying the right payee and payment account from the right funding account. Plus, relationship verification is a great way to defeat email compromise, account take overs, insider fraud and deep fakes.

Always great seeing our CEO Ben Turner out front evangelizing our approach to identifying and mitigating payment fraud using AI/ML and other advanced data analytics techniques.

Ben Turner, our CEO, joined Jill Malandrino on Nasdaq TradeTalks along with Jim Lewis, STP Investment Services, Carlo di Florio, ACA Group, and Chinmoy Bhatiya, Capco, to discuss The Impact of AI Innovation on Data Governance.  https://lnkd.in/ej_mX6Z3

Really excited by this news and proud of our whole team - thankful to Sandbox Industries and Forgepoint Capital for their support and joining us on this great ride. Great to see VERITUITY - the platform and the team! - continue to grow and make tremendous impacts on trusted payments in banking and insurance while expanding into new markets. You can read more about the announcement below ... and great things to follow!

We’re excited to announce our successful $18.8 million funding round close, led by Sandbox Industries and Forgepoint Capital, supported by Ardent Venture Partners and MTech Capital. This investment enables us to expand into new markets like mortgage servicing and energy and continue innovating in advanced ML and AI models that support our Zero Trust Payout VerificationTM platform.   Read more about the announcement in Axios: https://lnkd.in/enMvY5N9

We’re excited to announce our successful $18.8 million funding round close, led by Sandbox Industries and Forgepoint Capital, supported by Ardent Venture Partners and MTech Capital. This investment enables us to expand into new markets like mortgage servicing and energy and continue innovating in advanced ML and AI models that support our Zero Trust Payout VerificationTM platform.   Read more about the announcement in Axios: https://lnkd.in/enMvY5N9

Our CEO Ben Turner recently spoke with American Banker’s John Adams about what it's like to build a resilient payments technology business in a choppy fintech market. Read more of Ben’s thoughts here: https://lnkd.in/evtwBgSz

Today, VERITUITY announced that it has integrated Mastercard Move, our portfolio of domestic and cross-border money transfer solutions, into its payment platform. According to Mastercard’s 2023 Borderless Payments Report, one-third of consumers surveyed have experienced late or failed cross-border payments, which can result in inconveniences that impact daily life, indicating how important it is to increase the flexibility, security, and transparency of these critical funds. https://lnkd.in/eEKve56B

We’re excited to announce our partnership with Mastercard! We are integrating Mastercard Move into our #payments platform, providing our banks and payers faster and more secure payouts. In an era where customers increasingly expect faster payments, the need for secure, accurate, and prompt disbursement solutions has never been greater. With this integration, we’re advancing our mission to provide a streamlined path for sending and receiving domestic and international payments with speed and security at the forefront. Read more about the partnership here: https://lnkd.in/eEKve56B