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Resistant AI Secures $25 Million to Enhance Fraud Detection and Global Reach
Resistant AI raised $25 million to enhance its fraud detection solutions, leveraging Artificial intelligence to combat financial crime and expand its global footprint.
- On October 13, 2023, Resistant AI announced a $25 million Series B funding round to improve its document fraud detection and transaction monitoring capabilities.
- The funding will allow Resistant AI to expand its operations into new territories and establish partnerships, addressing issues like electoral fraud more effectively.
- Resistant AIs advancements in risk management will utilize Artificial intelligence to replace outdated workflows with adaptive solutions, revolutionizing the anti-fraud and regtech market.
Why It Matters
This funding reflects a growing trend in the anti-fraud sector, where innovative technologies are crucial for tackling complex issues like financial crime. The shift towards adaptive solutions is essential for businesses facing evolving threats.