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AI fraud startup Casap raises $56 million

Original: Financial AI startup Casap raises $56 million to help banks stop an explosion of customer fraud

Casap, a financial AI startup, has raised $56 million to help banks combat a sharp rise in customer fraud. The funding will support its tools for detecting and preventing unauthorized transactions and identity-related scams as financial institutions face growing losses from fraud targeting their customers.

Why now: Rising fraud losses at banks have increased demand for AI-powered fraud prevention, drawing attention to this funding round.

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