Exclusive | A Startup That Uses AI to Spot Financial Fraud Raises $60 Million

As financial fraud grows ever more sophisticated, one startup is using the might of artificial intelligence in hopes of helping governments fight back.

New York-based IVIX is providing software to financial law enforcement agencies in the U.S., Europe and Asia that might give them a leg up in spotting money-related crimes. IVIX says it has helped customers locate billions of dollars in offshore assets and illicit financial activity.