Refine helps financial institutions recognize customers life stories and identify legitimate activities, so they can quickly clear away false alarmsNEW YORK and TEL AVIV, Israel, Nov. 14, 2023 /PRNewswire/ -- , the pioneer in Financial Crime Greenflagging, launched today with a $13 million seed funding round led by Glilot Capital Partners and Fin Capital with participation from SYN Ventures, Valley Ventures (the corporate venture capital arm of Valley Bank), and other investors including Ground Up Ventures.While the anti-money laundering (AML) industry is focused on detecting account anomalies, Refine Intelligence is the only crime-fighting fintech focused on "greenflagging" legitimate customer behavior through providing a clear picture of their life stories. Refine Intelligence restores that critical context, empowering banks to catch the good guys - identify false alarms triggered by perfectly legitimate customer transactions, and focus their energy on actual dubious activity. We are excited about the market opportunities ahead of Refine Intelligence, and thrilled to join their mission to transform the financial fraud detection sector. ""In a digitally-transformed banking landscape, Refine Intelligence stands out for its innovation in combating financial crime," said Fin Capital Principal Sasha Pilch. Their proprietary AI scans anti-money laundering alerts from transaction monitoring systems and "greenflags" customers legitimate activity to dramatically reduce investigation time, and can also be used to protect against check fraud, scams and money mules.