FinTech news in Angela Strange 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.

Datanomik’s goal is to connect financial institutions across LatAm through its B2B open finance API, which gathers a company’s banking information on one platform, Strauss told journalist. Now, dLocal and AstroPay co-founder Sergio Fogel has teamed up with AstroPay’s former head of product, Gonzalo Strauss, to launch another fintech out of Montevideo, Uruguay, called Datanomik.

The story begins years ago when Root wanted to build new kinds of banking services. Co-founder and CEO Nick Root is a computer science graduate and former CTO, COO, CFO and CEO who did 12 years in the London banking industry before starting Intergiro.

When customers move money to their wallet via credit card, debit card, or ACH transfer, Sardine assigns a risk score to the card or bank account being used through an algorithm and assumes fraud liability for the transaction.