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Refine Intelligence offers a digital platform for financial institutions to combat diverse financial crimes, including check, wire, Zelle, and business email compromise fraud. Its core product automates customer engagement and employs artificial intelligence to streamline fraud and AML alert resolution, enhancing efficiency by identifying false positives and directly involving customers.
The company was co-founded by Uri Rivner, who also serves as CEO. Drawing on his extensive background as an innovator and cybersecurity expert, Rivner recognized a critical need for a more proactive, customer-centric fraud prevention approach. His insight focused on empowering financial crime teams to resolve alerts faster and more effectively by making bank customers active partners.
Financial crime, AML, and compliance teams at banks and credit unions utilize Refine Intelligence’s solutions. The company’s vision is to enable institutions to establish a new paradigm in fighting financial crime, shifting towards identifying legitimate transactions through customer interaction and advanced AI. This strategy builds trust and efficiency within the financial ecosystem.
Refine Intelligence has raised $13.0M across 1 funding round.
Refine Intelligence has raised $13.0M in total across 1 funding round.
Refine Intelligence has raised $13.0M in total across 1 funding round.
Refine Intelligence's investors include Glilot Capital Partners, Bradley Horowitz, Ground Up Ventures, SYN Ventures, Chris Phillips.
Refine Intelligence is a technology company founded in 2022 that builds an Intelligent Customer Outreach Platform for financial institutions, enabling automated digital engagement with customers to resolve fraud, anti-money laundering (AML), and compliance alerts rapidly.[1][2][3] It serves banks and credit unions by addressing check fraud, Zelle fraud, scams, wire fraud, cash structuring, and enhanced due diligence (EDD), solving the problem of overwhelming alert volumes—mostly false positives from legitimate activity—through customer-powered responses that cut investigation times, boost completion rates to 85%, and deliver immediate ROI by offloading 70% of manual work.[1][3][4][6] The platform has raised $13M in Seed VC funding and operates from Ness Ziona, Israel, with strong growth momentum shown by deployments at leading banks worldwide and a recent launch of check fraud prevention tools in June 2024.[1][2]
Refine Intelligence was founded in 2022 in Ness Ziona, Israel, by experts in fraud prevention, AML, and compliance who previously built game-changing fraud detection companies.[1][2][4][5] The idea emerged from recognizing that traditional alert resolution—via calls, emails, or branches—is inefficient and friction-heavy, especially as check fraud, scams, and AI-powered threats surge, overwhelming fraud teams with mostly legitimate "good guy" activity.[3][4][6] Early traction came from its "catching the good guys" paradigm shift, quickly gaining adoption with predefined playbooks for common alerts and $13M in funding two years ago, supported by deep teams in data science, product management, and software development.[1][2]
Refine Intelligence rides the surge in AI-powered financial crime—like check fraud via mail theft/counterfeiting and scams via bank impersonation—amid rising alert volumes that strain compliance teams under regulatory pressure.[1][6] Timing is ideal as banks seek digital-first solutions post-2022 founding, aligning with trends in customer-centric fintech, automated compliance, and "false positive reduction" to cut costs and churn.[2][4] Market forces favoring it include exploding fraud (e.g., Zelle/wire scams) and AI defenses; it influences the ecosystem by resetting AML for the 21st century, freeing analysts for high-value work and enabling scalable, evidence-based investigations at institutions worldwide.[1][3][4]
Refine Intelligence is poised to expand as fraud evolves with AI threats, potentially dominating customer outreach in compliance via new playbooks for emerging risks like deepfake scams or crypto-related AML.[1][6] Trends like regulatory demands for faster resolutions and generative AI integration will shape its path, with its $13M funding fueling global growth and patent expansions in security.[1][2] Its influence may evolve from niche fraud prevention to core infrastructure for "customer-powered" fintech security, redefining trust in banking—turning alert overload into a competitive edge, much like its origin disrupted manual processes.
Refine Intelligence has raised $13.0M across 1 funding round. Most recently, it raised $13.0M Seed in November 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Nov 1, 2023 | $13.0M Seed | Glilot Capital Partners | Bradley Horowitz, Ground Up Ventures, SYN Ventures, Chris Phillips |