Scamnetic, a leader in the RegTech industry, has secured a significant funding round, marking a key milestone for the company. Specializing in advanced AI solutions to combat digital fraud, Scamnetic has attracted substantial investment, reflecting strong market confidence in its technology.
The company’s AI-driven tools, including Scan&Score for risk detection and IDeveryone™ for identity verification, are essential in today’s increasingly sophisticated threat landscape. The new capital will be used to enhance Scamnetic’s AI capabilities, expand its market presence, and introduce a direct-to-consumer subscription service, broadening its reach and impact.
“Consumers worldwide are experiencing record losses, with an alarming year-over-year increase. Scammers are leveraging artificial intelligence to carry out sophisticated criminal activities that evade human detection.
The industry has responded with educational efforts, warning customers to ‘watch out for this’ or ‘we will never ask you for that,’ and cautioning against clicking suspicious links. Unfortunately, these measures are insufficient. While bad actors employ advanced AI tactics, the good actors rely on basic education. It’s a David versus Goliath battle, and the time to fight back has arrived.”
— Al Pascual, Scamnetic CEO
