Cacco, Inc. (JP:4166) has released an update.
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Cacco Inc., a leader in Japan’s fraudulent order detection, has partnered with Singapore’s Mulai Pte. Ltd. to tackle EC fraud in Southeast Asia’s booming e-commerce market. The collaboration aims to integrate Mulai’s AI-driven anti-money laundering and eKYC solutions with Cacco’s fraud detection technology to enhance security measures against online fraud and unauthorized transactions. This partnership is set against a backdrop of rising credit card fraud in Japan and a projected global fraud damage reaching $91 billion by 2028.
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