Global Risk Technologies™ is pleased today to announce a significant new investment in London-based Veridu, the innovative identity verification service provider for online merchants.

We officially announced the investment at Money 20/20, the world’s leading payments event currently in full swing in Las Vegas. Global Risk Technologies™ will be adding authentication intelligence to Veridu’s ongoing efforts to help achieve sustainable growth throughout eCommerce. This progressive collaboration will bring Global Risk Technologies™ onto the Veridu board of directors along with the likes of Worldpay and other global thought leaders.

Our Co-Founder and CEO, Gary Cardone said of the investment: “We have looked at dozens of similar investments over the last couple of years and are very impressed with Veridu’s technology, leadership, and composition.”

Veridu was founded by respected industry veterans and thought leaders from 192Business and DNB. The company provides innovative technology that can authenticate users with social media partners such as Facebook and Google. Its Founding CEO, Rasmus Groth, adds: “The investment from Global Risk Technologies™ is testament to the advanced machine-learning technology we have succeeded in developing at Veridu over the past couple of years. With this we’re able to identify and stop fraud, limiting chargebacks and saving vital revenue at a time of tight profit margins.”

Global Risk Technologies™ operates a number of patented technologies, including Intelligent Source Detection™ and Affiliate Fraud Alerts™ to help pinpoint the true reasons behind chargebacks and protect against fraud. Our investment in cutting-edge technology is born from our ethos of righting inefficiencies in payments and related processing technology worldwide.

Both companies are also perfectly aligned in terms of culture and technological direction. The joint intelligence available from the Global Risk Technologies™ and Veridu partnership will make it possible to manage risk without negatively impacting revenues – all while allowing the least amount of friction for the user, on virtually every side of the payment channel.  We are very excited to see where this joint endeavour will take us.