EverCompliant is Helping Banks Catch Online Money Laundering

EverCompliant’s Founder & CEO Ron Teicher says the internet has made money laundering a lot easier; according to Teicher up to 10 per cent of the merchants sending payments through banks systems are complete unknowns; “You know nothing about them — who they are, what they do, what countries they are incorporated in,” he says to the FT. “They’re hiding behind what seems to be legitimate merchants.”; EverCompliant has about 120 employees and recently raised $13mn in an initial round backed by American Express Ventures; the market is estimated to me more than $2bn but data patterns typically repeat themselves which allows for firms like EverCompliant to spot frauds; with more businesses going online due to the pandemic the size of the problem is about to grow substantially. Financial Times.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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