{"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='Silk Way Bank facilitating VAT refunds using a mobile app'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/silk-way-bank-facilitating-vat-refunds-using-a-mobile-app\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/11\/Silk-Way-Bank-facilitating-VAT-refunds-using-a-mobile-app-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-7010\" loading=\"lazy\" srcset=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/11\/Silk-Way-Bank-facilitating-VAT-refunds-using-a-mobile-app-150x150.jpg 150w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/11\/Silk-Way-Bank-facilitating-VAT-refunds-using-a-mobile-app-300x300.jpg 300w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/11\/Silk-Way-Bank-facilitating-VAT-refunds-using-a-mobile-app-100x100.jpg 100w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/11\/Silk-Way-Bank-facilitating-VAT-refunds-using-a-mobile-app.jpg 662w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-7010'>\n\t\t\t\tSilk Way Bank facilitating VAT refunds using a mobile app\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='BFC FinTech Monitor (18th \u2013 28th June)'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/bfc-fintech-monitor-18th-28th-june\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2021\/06\/f6f94936-9ebb-0a90-328e-7060abbb028e1-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-16138\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-16138'>\n\t\t\t\tBFC FinTech Monitor (18th \u2013 28th June)\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Forget why FinTech is good;\u200ahere\u2019s why cash is bad'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/forget-why-fintech-is-good-here-s-why-cash-is-bad\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/09\/forget-why-fintech-is-good-here-s-why-cash-is-bad-1-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-10951\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-10951'>\n\t\t\t\tForget why FinTech is good;\u200ahere\u2019s why cash is bad\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}]}}