FundingShield CEO Ike Suri Interviewed by HousingWire to discuss Q4 2022 Wire & Title Fraud Analytics View Interview Video Below. For the full article from HousingWire. Click Here
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Monthly Archives January 2023
FundingShield Q4 2022 Wire & Title Fraud Analytics
FundingShield Q4 2022 Wire & Title Fraud Analytics Commentary from FundingShield’s CEO Ike Suri: Wire and title fraud risk reached another new record in the fourth quarter of 2022 at 50.5% of transactions having at least one risk issue. With this all-time high percentage of issues, the impact of a single wire or title fraud event could be catastrophic. Cybersecurity and Cyber Insurance Insurance costs continue to rise with more acute coverage being offered by insurers that do not capture the wire and title fraud risk. Insurance Insider examined Beazley’s Cyber book and found, “”…US cyber pricing increased
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PRESS RELEASE: FundingShield enters strategic partnership agreement with Milestones.Ai to offer consumer down payment wire fraud protection
PRESS RELEASE: FundingShield enters strategic partnership agreement with Milestones.Ai to offer consumer down payment wire fraud protection Newport Beach, CA (January 17, 2023) – Fundingshield, LLC., is pleased to announce it has entered into a strategic partnership to deliver its consumer wire fraud prevention technology (“CWAVs”) to clients of Milestones.Ai (“Milestones”) protecting homebuyers from real estate wire fraud. FundingShield, a leading provider of FinTech risk management and fraud prevention tools used in the US real estate and mortgage finance ecosystem, announced that its Consumer-Wire Account Verification Service (referred to as “CWAVs”) will be made available to Milestones.AI clients.
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Press and Press Releases.
PRESS RELEASE: Bloomberg Covers FundingShield Press Release on Wire-fraud & title-fraud prevention as cyber-security risk rises and insurers pull back on crimes and cyber policy issuance
PRESS RELEASE: Bloomberg Covers FundingShield Press Release on Wire-fraud & title-fraud prevention as cyber-security risk rises and insurers pull back on crimes and cyber policy issuance Bloomberg Covers FundingShield Press Release on Wire-fraud & title-fraud prevention as cyber-security risk rises and insurers pull back on crimes and cyber policy issuance. Signal that risk management technology, fraud prevention and compliance automation technology is needed to address payment security. For the full article from Bloomberg. Click Here
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Press and Press Releases.
PRESS RELEASE: FundingShield Announces $670 Billion in Mortgage Related Payments Secured in 2022, 63% Client Growth in 2022, and CEO Ike Suri Appointed to California Mortgage Bankers Association Board
PRESS RELEASE: FundingShield Announces $670 Billion in Mortgage Related Payments Secured in 2022, 63% Client Growth in 2022, and CEO Ike Suri Appointed to California Mortgage Bankers Association Board Newport Beach, CA (January 10, 2023) – FundingShield announced that its CEO, Ike Suri, has been appointed as a board member to the California Mortgage Bankers Association (“CMBA”), the country’s largest state level Mortgage Finance Association. The appointment of Ike Suri comes at a time when the mortgage market is seeking further efficiencies driven by technology to manage cost, risk, improve throughput and improve client experience in light
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