Fraugster & Elucidate: Team up to tackle financial crime
- Fraugster a payment security company that enables e-commerce businesses & payment companies
- Announce their collaboration to provide customers access to global sanctions list including individuals
- Financial crime (FinCrime) not only endangers companies’ balance sheets but also their reputations and long-term profitability
- The World Economic Forum reports that FinCrime is a trillion-dollar industry that takes an enormous social and economic toll on the lives it touches
- Teamed up with Elucidate to deliver on the promise of their recently launched open AI platform approach which bundles the best of breed
- Customers requiring access to Global sanctions lists normally need to sign up to multiple providers which is timely, costly, and inefficient
