Payments software firm Worldpay has agreed a deal to acquire Ravelin, an AI-powered fraud prevention platform headquartered in the UK. Founded in 2015, Ravelin’s AI platform supports solutions that currently assist over 300 e-commerce merchants in predicting and preventing different types of financial crime.
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Worldpay snaps up AI-powered fraud prevention platform Ravelin
Charles Drucker, CEO of Worldpay, says the agreement to acquire Ravelin aligns with the company’s strategy to invest in AI technology, adding that Ravelin’s tech and expertise “will significantly enhance Worldpay’s overall value proposition to the marketplace”.
