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Today’s VC Spotlight 💡 Forgepoint Capital is a distinguished multi-stage #venturecapital firm with a focus on cybersecurity and infrastructure software. Forgepoint invests in exceptional entrepreneurs addressing the most pressing challenges in the digital landscape. Their approach is marked by active engagement and a commitment to #earlystage and select venture growth. With investments ranging from $5-50M per company, Forgepoint prioritizes conviction over arbitrary thresholds, ensuring flexibility to meet the unique needs of each #portfoliocompany. The firm boasts a seasoned team of advisors and industry leaders who contribute invaluable expertise, insights, and connections to guide product development, business strategy, and growth 📈 Forgepoint Capital recently led Lynx Tech's Series A funding round, which closed at €17m. Lynx is focused on detecting and preventing fraud and financial crimes, combating digital fraud which is getting increasingly prevalent globally. As part of the investment, Forgepoint's managing director, Leo Casusol, is set to join Lynx's Board of Directors, signaling a deep commitment to supporting Lynx's growth and impact in the #cybersecurity landscape 🔐 https://lnkd.in/eJ3c3BMB

A company that raised about $100 Million can create a link with your subconscious. Do you know which company is that? A company named Snappt uses a ”squid” to represent their services. Do you know how this approach is smart? A squid is famous for its intelligence, ability to open a closed container, and better pulse control “Snappt” relates this exact ability of squid to that of the famous detective #Sherlock and creates an association between the two to illustrate their potential to detect fraud. In 2016, Daniel Berlind established Snappt to verify the #financial documents of the tenants. It is an AI-powered software product that protects every commercial property realtor from tampered documents. Every 6 out of 10 property managers have dealt with forged documents. It is a US-based startup that offers: -> fraud detection, -> focuses on financial documents, -> identifies the signs of tempering, -> reduces the risk of bad debt, -> reduces costly eviction The impact that the company has created is that it reduced application fraud by 35% within four months and provides 99.8% accuracy in detecting fraudulent documents.

Finance professional focused on preventing financial frauds and offering mutual fund guidance, thanks to the mentorship of Prashant Sir and his team. I help individuals identify fraud risks like Ponzi schemes and phishing, while providing tailored mutual fund strategies for long-term growth. Now, through Finx, we're committed to delivering secure and personalized financial solutions, empowering clients to make informed investment decisions. #Financial Frauds #Mutual Funds #InvestmentStrategies #PrashantSirGuidance #Finx #Fraud Prevention #WealthManagement #SecureInvestments #FinancialSolutions

The latest FinTech-Tables Report, "Building Security and Trust in Financial Services and FinTech", brought to you in partnership with Vialex, is now available for download and by GOSH! It is meaty. This in-depth exploration captures the critical insights shared during our September Security Conference at Abertay cyberQuarter—a gathering that brought together over 80 industry leaders, thinkers, and practitioners. The report dives into pivotal themes such as the opportunities and vulnerabilities introduced by Open Finance, the rising sophistication of #cyber threats, and the critical role of human behaviour in combating #fraud. One of the most pressing concerns explored in the report is the intersection of speed and security. Faster payment systems have driven efficiency but have also become a prime target for fraud, with a staggering 97% of financial fraud exploiting this mechanism. The insights shared by industry leaders highlight the urgency of addressing these #vulnerabilities while embracing #innovation. The report also sheds light on future-facing risks, including the looming threat of #quantum computing to #encryption standards, and explores collaborative efforts, like the Financial Conduct Authority's digital sandbox, to create personalised solutions that reshape #cybersecurity behaviours. Beyond the #technology, the narrative of trust sweeps the floor. As Samantha Ryan of Virgin Money poignantly noted during the event ... “We need to move beyond purely technological fixes and address the emotional connections that bad actors exploit.” This human-centred approach runs throughout the report, challenging us to rethink not only our strategies but also the #cultural shifts necessary to #safeguard the industry. This is an invitation to join the conversation, to think critically about the solutions we implement, and to play an active role in shaping a more #secure and trustworthy #financial #ecosystem. Head to our website now to download your copy and dive into the insights shaping the future of financial services 🏃♀️ 🏃♂️ 💨 #FinTechInnovation #CyberSecurity #OpenFinance #RegTech #FinancialInclusion #DigitalTrust #TechForGood #FutureOfFinance #SustainableFinance #AIInFinance HAELO Dr Mick O'Connor CEng CDir Brightsolid Vialex Scott Moncur Cyber and Fraud Centre - Scotland ScotlandIS OccamSec Barclays, Virgin Money Lloyds Banking Group NatWest Group Deutsche Bank abrdn HSBC Scottish Building Society Capital Credit Union Modulr Alan Gardiner Zoe Dickson Natalie McIntosh Amechi Muotune Laura Walker Ian Davey Stephen Emerson

We're thrilled to announce that Oxford Capital led the seed round for FinCrime Dynamics, alongside Twin Path Ventures and SyndicateRoom. Backing founders Stephen Quick CFA and Daniel Turner-Szymkiewicz and their innovative platform that is tackling financial fraud head-on, ensuring institutions stay ahead of ever-evolving threats.    FinCrime Dynamics, an innovative fintech enabling financial institutions to build better defences against financial crime using criminal behavioural intelligence and data resources, has developed a platform that simulates complex fraudulent behaviours. This allows financial institutions to test their existing detection measures and synthesize the data needed to improve them.    Read the full release on our blog here: https://lnkd.in/eD2tc83Z   And take a look at FinCrime Dynamics website here: https://lnkd.in/emA55X_n #Fintech #Innovation #FinancialCrime #OxfordCapital #BackingFounders #VentureCapital #EIS

Unlocking Growth: A 2024 Review of Financial Crime Trends The financial crimes landscape is evolving rapidly, presenting unprecedented challenges. At Expero, we've been at the forefront, collaborating with clients to combat Cybercrime, Credit Card Fraud, Anti-Money Laundering (AML), and the complexities of "Fusion" strategies. We've empowered our clients to overcome these hurdles by: - Prioritizing strategic technology adoption: Focusing on leveraging Analytics, Graph Algorithms, and real-time strategies to drive meaningful impact. - Embracing a Design-Led approach: Delivering tailored, impactful solutions that seamlessly integrate deep industry knowledge with cutting-edge technology. - Building strong partnerships: Fostering collaboration and knowledge-sharing through engaging webinars and valuable resources. Join us as we reflect on the year's highlights and celebrate the valuable insights, strong connections, and groundbreaking innovations that continue to propel us forward. Explore our Insights Gallery: https://lnkd.in/g7K6J43t

I'm excited to announce our newest acquisition, IDVerse, adding addition identity verification abilities to our portfolio. LexisNexis® Risk Solutions Announces Definitive Agreement to Acquire IDVerse™ - We are expanding and evolving our leading capabilities in risk, compliance and fraud solutions to enhance digital identity onboarding and global identity verification. Read the press release: bit.ly/4goGS9x

Today LexisNexis Risk Solutions® announced a definitive agreement to acquire IDVerse™. With this acquisition, we are expanding our capabilities in risk, compliance and fraud solutions to enhance our digital identity onboarding and global identity verification solutions. Welcome to the IDVerse - An OCR Labs Company team! bit.ly/3ZLunzr

United States SEC fines commission-free brokerage Robinhood broker-dealers $45 million for multiple failures including failing to investigate & file suspicious transactions, adequately protect customers from identity theft, addressed cybersecurity vulnerability resulting in 3rd-party obtaining & downloading information of millions of individuals, maintained & preserved electronic communications, keeping brokerage data & maintaining customer communications, failed to provide electronic blue sheet data for 5 years, and failed to comply with stock lending & fractional share trading programs designed to address abusive short selling practices.  Read - https://lnkd.in/dn9bDRKX follow Caproasia | Driving $28 trillion assets in Asia. For top institutional investors, professional investors, financial advisors, private bankers, family offices, investment bankers, leaders & CEOs. The United States Securities and Exchange Commission (SEC) has fined commission-free brokerage Robinhood broker-dealers $45 million for multiple failures including failing to investigate & file suspicious transactions, adequately protect customers from identity theft, addressed cybersecurity vulnerability resulting in 3rd-party obtaining & downloading information of millions of individuals, maintained & preserved electronic communications, keeping brokerage data & maintaining customer communications, failed to provide electronic blue sheet data for 5 years, and failed to comply with stock lending & fractional share trading programs designed to address abusive short selling practices.  United States SEC (13/1/25): “The Securities and Exchange Commission today announced that broker-dealers Robinhood Securities LLC and Robinhood Financial LLC (collectively, Robinhood) have agreed to pay $45 million in combined civil penalties to settle a range of SEC charges arising from their brokerage operations.  According to the SEC’s order, the violations by Robinhood related to the following conduct: 1) Suspicious Activity Reporting: From January 2020 through March 2022, Robinhood failed to timely investigate suspicious transactions, resulting in systematic failures to timely file suspicious activity reports. 2) Identity Theft Protection: From April 2019 to July 2022, Robinhood failed to implement adequate policies and procedures designed to protect their customers from the risk of identity theft. 3) Unauthorized Access to Robinhood Systems: From June 2021 through November 2021, Robinhood failed to adequately address known risks posed by a cybersecurity vulnerability related to remote access to their systems. In November 2021, a third party obtained unauthorized access and downloaded information related to millions of individuals who had provided that information to Robinhood ...

United States SEC fines commission-free brokerage Robinhood broker-dealers $45 million for multiple failures including failing to investigate & file suspicious transactions, adequately protect customers from identity theft, addressed cybersecurity vulnerability resulting in 3rd-party obtaining & downloading information of millions of individuals, maintained & preserved electronic communications, keeping brokerage data & maintaining customer communications, failed to provide electronic blue sheet data for 5 years, and failed to comply with stock lending & fractional share trading programs designed to address abusive short selling practices.  Read - https://lnkd.in/dTaWcpds follow Caproasia | Driving $28 trillion assets in Asia. For top institutional investors, professional investors, financial advisors, private bankers, family offices, investment bankers, leaders & CEOs. The United States Securities and Exchange Commission (SEC) has fined commission-free brokerage Robinhood broker-dealers $45 million for multiple failures including failing to investigate & file suspicious transactions, adequately protect customers from identity theft, addressed cybersecurity vulnerability resulting in 3rd-party obtaining & downloading information of millions of individuals, maintained & preserved electronic communications, keeping brokerage data & maintaining customer communications, failed to provide electronic blue sheet data for 5 years, and failed to comply with stock lending & fractional share trading programs designed to address abusive short selling practices.  United States SEC (13/1/25): “The Securities and Exchange Commission today announced that broker-dealers Robinhood Securities LLC and Robinhood Financial LLC (collectively, Robinhood) have agreed to pay $45 million in combined civil penalties to settle a range of SEC charges arising from their brokerage operations.  According to the SEC’s order, the violations by Robinhood related to the following conduct: 1) Suspicious Activity Reporting: From January 2020 through March 2022, Robinhood failed to timely investigate suspicious transactions, resulting in systematic failures to timely file suspicious activity reports. 2) Identity Theft Protection: From April 2019 to July 2022, Robinhood failed to implement adequate policies and procedures designed to protect their customers from the risk of identity theft. 3) Unauthorized Access to Robinhood Systems: From June 2021 through November 2021, Robinhood failed to adequately address known risks posed by a cybersecurity vulnerability related to remote access to their systems. In November 2021, a third party obtained unauthorized access and downloaded information related to millions of individuals who had provided that information to Robinhood ...