Tags archives: online-fraud-prevention

PayPal Puts AI-based Fraud Prevent Startup Simility In Shopping Cart
PayPal Holdings, Inc. continues its shopping spree with the second start-up purchase in the same week. Today it announced that it is acquiring Simility, a leading artificial intelligence (AI) based online fraud prevention solution to the global digital business. According to the agreed deal, PayPal has purchased Simility for $120 million in cash. The merger will get close by the third quarter of this year. Following this, Simility Co-founder and CEO Rahul Pangam and the Simility team will report to VP of Enterprise Services Platforms...