Archives for featured

    FundingShield leverages Mastercard open banking to expand payment verification solutions; preventing wire and payment fraud   NEWPORT BEACH, California, June 26, 2023. FundingShield, a market-leading, cloud-based firm providing fintech solutions to manage risk, compliance and fraud prevention, has entered a partnership with Mastercard to leverage its open banking platform delivered by Finicity, a Mastercard company. FundingShield provides live, source data-based technology products and SaaS solutions – that have been used to secure the funds of over $2.5 trillion in mortgage closings. – FundingShield CEO Ike Suri shared, – “FundingShield has over 95% coverage of licensed service providers in
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    The FBI shared statistics of $10.3B in Fraud losses, this does not include a much larger amount that is grossly unreported from the high risk transactions we identify, prevent, and remediate at FundingShield on real time basis – Ike Suri, CEO FundingShield.       Read more here: https://www.nationalmortgagenews.com/news/real-estate-related-email-fraud-costs-record-dollar-losses     Business email compromise scams related to real estate set a record for dollar losses in 2022, as the number of cases reported to the Federal Bureau of Investigation rose for the second consecutive year. The 2,284 complaints received last year, the second most ever, lagged the all-time
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    FundingShield President Adam Chaudhary Featured on the Chrisman Commentary Podcast   Listen to Adam Chaudhary, President of FundingShield being interviewed on Rob Chrisman’s Podcast “The Chrisman Commentary”. Adam discusses wire fraud, title fraud, the FundingShield Quarterly fraud report and why market participants need live data to manage risk.
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    Ike Suri featured on the California Mortgage Bankers Diversity, Equity & Inclusion podcast   FundingShield’s CEO Ike Suri sat down with Tai Pherribo Christensen of Arrive Home to discuss his journey as a student immigrant from India to successful entrepreneur. Thank you to California Mortgage Bankers Association’s Diversity, Equity & Inclusion Committee for hosting this webinar. Our stories, our diversity and our journeys highlight the vibrant communities we serve.
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    FundingShield Q1 2023 Fraud Analytics Commentary from FundingShield’s CEO Ike Suri: Wire and title fraud risk reached another new record in the first quarter of 2023 at 51.6% 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 Mid-size businesses (defined as those with 250-2000 employees) are particularly vulnerable to cyber-attacks due to lack of resources relative to the number of systems, endpoints and amount of data they hold. In the mortgage industry these midÔÇösized companies
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    FundingShield CEO Ike Suri Featured on the Chrisman Commentary Podcast   Listen Ike Suri, CEO of FundingShield being interviewed on Rob Chrisman’s Podcast “The Chrisman Commentary”. Ike discusses wire fraud, title fraud and market risk.
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    FundingShield Market Risk Update featuring Kevin Peranio   Interview Below.
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    FundingShield CEO Ike Suri interviewed by Fidelity National Financial’s Chuck Cain on the “FNF Unplugged” PodCast   Click on the link below to hear our CEO, Ike Suri, speak with Fidelity National Title Insurance Company’s, Chuck Cain (SVP- National Agency Division at FNF Family of Companies) on wire and title fraud risk in the year ahead. Chuck and Ike discussed cyber security risks and how FundingShield is helping lenders, title insurers, consumers and market participants avoid fraudsters and why utilizing our solutions helps drive efficicincies to prevent fraud and safe money using live transaction level diligence. Podcast Below.
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    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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    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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