{"id":11578,"date":"2018-11-19T11:37:27","date_gmt":"2018-11-19T11:37:27","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=11578"},"modified":"2018-11-19T11:37:27","modified_gmt":"2018-11-19T11:37:27","slug":"paypal-to-purchase-fraud-detection-startup-simility","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/paypal-to-purchase-fraud-detection-startup-simility\/","title":{"rendered":"PayPal to purchase fraud detection startup Simility"},"content":{"rendered":"<p>PayPal has announced the purchase of the startup company Simility, which makes use of machine learning to combat financial fraud. Simility works by using advanced personal identification technologies to identify the behavior of each user. The technology assigns a trust rating for each operation and builds a user profile. Suspicious transactions that do not match a user profile are flagged and block the account. Simility will also provide fraud detection services to merchants accepting payments through electronic wallets. According to PayPal&#8217;s executive director, the company hopes that this technology will also help provide small companies with analysis tools that only large aggregators currently have.<\/p>\n<p>PayPal is purchasing Simility for USD 120 million.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-11578 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='New Zealand on the path to open banking'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/new-zealand-on-the-path-to-open-banking\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/05\/new-zealand-on-the-path-to-open-banking-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-12854\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12854'>\n\t\t\t\tNew Zealand on the path to open banking\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='BFC FinTech Monitor (15th \u2013 28th December)'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/bfc-fintech-monitor-15th-28th-december\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2021\/12\/3a8a300b-3a18-fbd9-31cc-32e0ba352fc51-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-16542\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-16542'>\n\t\t\t\tBFC FinTech Monitor (15th \u2013 28th December)\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Sberbank, Yandex launch instantaneous B2B payment platform'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/sberbank-yandex-launch-instantaneous-b2b-payment-platform\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/02\/sberbank-yandex-launch-instantaneous-b2b-payment-platform-e1550565359241-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-12289\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12289'>\n\t\t\t\tSberbank, Yandex launch instantaneous B2B payment platform\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>PayPal has announced the purchase of the startup company Simility, which makes use of machine learning to combat financial fraud. Simility works by using advanced personal identification technologies to identify the behavior of each user. The technology assigns a trust rating for each operation and builds a user profile. Suspicious transactions that do not match &hellip;<\/p>\n","protected":false},"author":5,"featured_media":11720,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[416,70],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/11578"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=11578"}],"version-history":[{"count":4,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/11578\/revisions"}],"predecessor-version":[{"id":11721,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/11578\/revisions\/11721"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/11720"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=11578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=11578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=11578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}