$130 Million Lost in Wire Fraud
One of our favorite financial authors, Matt Levine, wrote an article about a large wire fraud. The story he tells highlights the need for workflow automation, accountability, and transparency to supplement existing wire processes. At conduit we know the crime of wire fraud happens to the most sophisticated actors in the business who have thorough procedures in place. Our mission is to provide accountability and transparency around existing processes to ensure that the crimes described in the article below do not happen to our customers.