FundingShield Announces Partnership with SitusAMC to Deliver Integrated Fraud Prevention Services NEWPORT BEACH, Calif. & NEW YORK–(BUSINESS WIRE)– – FundingShield, a market-leading fintech providing plug-and-play solutions to manage risk, compliance, and fraud prevention, has entered a partnership with – SitusAMC, a technology firm whose innovative, trusted solutions power the lifecycle of commercial and residential real estate finance. Together, the partners hope to protect financial institutions from the – rapid increase in wire and title fraud – in recent years. Data security, payment risk and cybersecurity risks have become more pervasive in the banking space. Lenders are seeking
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FundingShield Announces Strategic Partnership with Tata Consultancy Services to Increase Accessibility to Wire Fraud Prevention Solutions in the Financial Services Industry
FundingShield Announces Strategic Partnership with Tata Consultancy Services to Increase Accessibility to Wire Fraud Prevention Solutions in the Financial Services Industry NEWPORT BEACH, Calif. | MUMBAI, India — September 5, 2023 — FundingShield, a market-leading fintech providing plug-and-play solutions to manage risk, compliance, and fraud prevention, has entered a partnership with Tata Consultancy Services (TCS), a global leader in IT services, consulting, and business solutions. Together, with FundingShield’s award-winning wire fraud prevention tools and TCS’ deep technology expertise and longstanding financial industry experience , the partners hope to protect even more lenders, home buyers, and sellers from
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FundingShield Makes the Inc. 5000 For The 3rd Time in A Row
FundingShield Makes the Inc. 5000 For The 3rd Time in A Row Newport Beach CA, August 15, 2023 – Inc. revealed today that FundingShield made the 2023 Inc. 5000, its annual list of the fastest-growing private companies in America, for the third consecutive year. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segmentÔÇöits independent, entrepreneurial businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other household name brands gained their first national exposure as honorees on the Inc. 5000. “FundingShield is honored to be on the Inc. 5000 list
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Mortgage Bankers Association’s MBA Newslink reports “FundingShield Finds Wire, Title Fraud Big Risk in Q2 (2023)”
Mortgage Bankers Association’s MBA Newslink reports “FundingShield Finds Wire, Title Fraud Big Risk in Q2 (2023)” FundingShield‘s Q2 2023 wire fraud & title fraud risk report was featured in the Mortgage Bankers Association‘s “MBA Newslink”. Click below to read through how cybersecurity gaps and business email compromise “BEC” attacks at lenders and their vendor/supplier networks are increasing fraud risk despite lower loan volumes. Follow this link for the full article from MBA NewLink Full article
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FundingShield CEO Ike Suri invited to the Chrisman Commentary Podcast July 25, 2023 to discuss the Q2 2023 Wire and Title fraud Report
FundingShield CEO Ike Suri Featured on the Chrisman Commentary Podcast to discuss the Q2 2023 Wire and Title Fraud Report Listen to Ike Suri, CEO of FundingShield, being interviewed on Rob Chrisman’s “The Chrisman Commentary.” Ike discusses wire fraud, title fraud, market risk and the FundingShield Q2 2023 Wire and Title Fraud Report on the July 25, 2023 episode.
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FundingShield CEO Ike Suri on the Panel “Cyber Security, Fraud and You”
FundingShield CEO Ike Suri on the Panel “Cyber Security, Fraud and You” Explore cybersecurity & fraud threats in mortgages with CEO Ike Suri & experts at CMBA Mortgage Innovators 2023. Discover best safeguards for your business! Watch the discussion below and learn about the best safeguards for your business!
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FundingShield Q2 2023 Wire & Title Fraud Analytics
FundingShield Q2 2023 Fraud Analytics Commentary from FundingShield’s CEO Ike Suri: Q2 2023 REPORT Wire and title fraud continue to persist at alarming highs in 2023. With 50.2% of loans in Q2 of 2023 having at least one risk issue, it’s evident that the risk of a fraud event has gone up despite stagnant or declining volumes compared to 2022. Quarterly Data During Q2-2023 50.2% percent of transactions on a $68bn portfolio had issues leading to a risk of wire & title fraud. On average, problematic loans had almost 2 issues per loan indicating the lack of appropriate
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FundingShield leverages Mastercard open banking to expand payment verification solutions; preventing wire and payment fraud
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
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
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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