FinTech news in Activant Capital category

Banks and card issuers typically use fraud detection algorithms for crypto that aren’t nearly granular enough, Ranjan said, meaning around half of the customers who attempt to transact using fiat-to-crypto onramps through traditional platforms are declined as fraudulent.

Co-founders Roberto Enrique Kafati Santos and Jose Maria Serrano started the company after a career at McKinsey leading digital payments for Kafati Santos and at delivery company JOKR for Serrano.

In discussing Bolt’s rise to total funding near the $1 billion mark, Breslow explained that the company operates in a space with competitors that are actually worth hundreds of billions of dollars.