News

Jan 24, 2019

Onboarding New Customers While Accurately Unmasking New Account Fraud

Vanita Pandey, Senior Director for product strategy and marketing at Simility, shares how adaptive fraud prevention solutions can uncover the use of stolen and synthetic identity credentials during the onboarding process in the featured PayPers editorial. Read now for more…

Jan 24, 2019

Dec 14, 2018

Paypers’ Web Fraud Prevention, Identity Verification and Authentication Guide 2018-19

Check out Rahul Pangam's article, 'Complex Fraud Threats Call for Adaptive Decisioning Tools' in the latest Paypers Web Fraud Prevention, Identity Verification & Authentication Guide 2018-19.

Dec 14, 2018

Oct 29, 2018

Leveraging Data for Comprehensive Fraud Detection and Agility in the Face of Evolving Cybercrime

Vanita Pandey, Senior Director of marketing and product strategy for Simility, shares how data-lake based fraud prevention can help businesses gain competitive advantage in this PayPers article. Check it out, for more insights!

Oct 29, 2018

Sep 06, 2018

Complex Fraud Threats Call for Adaptive Detection Tools

Businesses need to harness disparate data sources with machine learning to unravel ever evolving complex fraud. For more insights, check out Rahul Pangam's recent article that appeared in The Times Fraud report.

Sep 06, 2018

Jun 28, 2018

Simility Summer ’18 Release Provides Significant Industry Advancements in Fraud Prevention with New AI and Machine Learning Capabilities

Latest update delivers enhanced decisioning for identity proofing, trade surveillance and transaction monitoring Palo Alto, Calif. (PRWEB) June 28, 2018: Simility, the leading provider of fraud and risk management solutions, today announced its Summer ‘18 release. Featuring advanced artificial intelligence (AI) and…

Jun 28, 2018

Jun 22, 2018

PayPal to acquire anti-fraud AI firm Simility for $120m in cash

Payments giant PayPal is buying fraud prevention platform Simility Systems for $120m in cash in order to help protect its 237m users. The acquisition comes just weeks after PayPal acquired Swedish mobile payments platform iZettle for $2.2bn.

Jun 22, 2018

Jun 22, 2018

PayPal buys Hyderabad-based fraud prevention platform provider Simility

PayPal Holdings has said it will buy Palo Alto and Hyderabad based Simility, a fraud prevention and risk management platform, for $120 million in cash. The acquisition of Simility will enhance PayPal’s ability to deliver fraud prevention and risk management…

Jun 22, 2018

Jun 22, 2018

PayPal to Buy Simility, a Specialist in AI-based Fraud and Risk Management, for $120M

Payment provider PayPal continues apace with its acquisitions streak to bring more modern tools into its platform to serve its 237 million customers. Today the company announced that it is buying Simility, a fraud prevention specialist, for $120 million in cash.

Jun 22, 2018

Jun 22, 2018

PayPal M&A Spree Continues With $120M Simility Buy

PayPal Holdings Inc. announced its fourth acquisition in a little more than a month Thursday with a $120 million agreement to buy fraud prevention startup Simility Inc.

Jun 22, 2018

Jun 21, 2018

PayPal to Acquire Simility to Expand Global Merchant Offerings

Recently announced the decision to be acquired by PayPal.

Jun 21, 2018