Traditionally a time-consuming process, Ocrolus has released an automated fraud detection software to aid lenders.
Pix's massive success has triggered the fraudsters who always go where the action and money are congregating.
Brightwell, an international payments firm survived the shutdown of its biggest client and a brute force attack that drained $3 million.
The idea is to protect consumer accounts from fraud so well that the company is backed by PayPal and used by the paytech firm for its protection.
Researchers from the University of Texas published a study Tuesday morning that claims fintech lenders who participated in the Paycheck Protection Program dropped the ball on underwriting.