{"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='Russian bank launches app to teach children about finances'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/russian-bank-launches-app-to-teach-children-about-finances\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/06\/girl-taking-picture-with-phone-in-studio_23-2147825022-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-10219\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-10219'>\n\t\t\t\tRussian bank launches app to teach children about finances\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='BFC FinTech Monitor 1st \u2013 8th May'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/bfc-fintech-monitor-1st-8th-may\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/05\/Untitled-2-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-14898\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-14898'>\n\t\t\t\tBFC FinTech Monitor 1st \u2013 8th May\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Top 5 Mobile Financial Institutions Operating in Europe'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/top-5-mobile-financial-institutions-operating-in-europe\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2021\/02\/6bef2c57-1348-4e14-b41e-5f73c29d71581-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15751\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15751'>\n\t\t\t\tTop 5 Mobile Financial Institutions Operating in Europe\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}]}}