Mangopay wins Fraud & ID Verification accolade at Global FinTech Awards

October 24, 2024; London, UK: Mangopay, a modular and flexible payment infrastructure provider for platforms, has been recognised for its payments and cybersecurity solutions at the Global FinTech Awards.

Mangopay won the Fraud & ID Verification accolade at the ceremony in London, as well as being highly commended in the Payment Technology category.

Held as part of the FinTech LIVE London Global Summit, the inaugural Global FinTech Awards honours companies and individuals demonstrating exceptional creativity, technological advancements and industry leadership.

Mangopay launched its Fraud Prevention solution in May 2024 to provide platforms with a payment processor-agnostic AI-driven cybersecurity solution to guard against an evolving range of threats, including account takeover by both bots and humans, reseller fraud, payment fraud, chargebacks, and return abuse.

Ariel Shoham, Mangopay’s VP Product, Risk said: “We are honoured to receive this award and be recognised at such a pivotal moment in the fight against fraud.

“With global fraud losses estimated at over €35.7 billion last year and projected to reach €85.5 billion by 2028 (according to Juniper Research), it’s more vital than ever for ecommerce businesses and the solutions that support them to take extra measures to safeguard their operations and customers, while maintaining compliance.

“We are immensely proud of our Fraud Prevention solution and thrilled to win the judges’ recognition. Powered by AI, Mangopay Fraud Prevention protects platforms at every point of the user journey, while being optimised for conversion. It blocks fraudsters, while providing legitimate customers with a seamless experience.”

About Mangopay

Created in 2013, Mangopay empowers the platform economy with its modular payment infrastructure. Built around its programmable e-wallet solution, Mangopay’s end-to-end infrastructure covers platform payment needs, from pay-in and payout to comprehensive fraud prevention and FX, for many business models and workflows. The company has over 250 million end users of its services and has processed over €100bn in transactions since its inception. Mangopay was named among CNBC’s World’s Top Fintechs in July 2024. In 2024, its Fraud Prevention solution won a Fintech Breakthrough Award and a Global FinTech Award.