fundraising for your startup

Learn how to mitigate fraud at the Texas Venture Forum

Investing, Other

Fraud is an increasing challenge for small business owners. One type of fraud occurs when a new customer or client signs up for your online service, and then later turns out not to be who they said they were. This type of fraud costs small businesses every year.

As business transactions have moved online, we are now finding that FinTech tools can introduce increased liability for small business owners. In the Texas Venture Forum, we’ll hold a panel on this topic and hear from one small business owner who was hit with fraud.  

In this panel, we’ll propose an identity management solution: the Data Co-op.  What if a small business owner could verify a potential customer or client by asking another business in the community?  The members of the Co-op will have the ability to propose potential client/customer names to the Co-op network to verify if any other business is currently working with that person.  If so, then the likelihood that person is who they say they are is high.  If no one is working with that person, then additional due diligence can be done before taking that person on as a client/customer.

The panel “How to Mitigate Fraud for Small Businesses” will be held at 2pm.

Previous Post
Top 5 Twitter Accounts for Family Offices to Follow
Next Post
Top 5 Twitter Accounts for Cryptocurrency Investors

Related Posts

Podcast

Top 5 Podcasts for Investors

With so much information out there for investors, it’s good to stay on top of your game and learn any new and fascinating trends in investing. We’ve searched for a few of the top podcast to keep your ears on.…

Top 10 Texas Big Data Ventures from 2016

Big Data continues to see strong growth.  In 2015 there 462 deals funded at $5.6B. Big Data companies in Texas raised $284M in 2016.   Of the top 10, Austin has 6 companies totaling $210M as follows: Company Name Total…
rsz_blockchain

5 Key Terms in the Blockchain World

Blockchain is a digital currency used by both Bitcoin and other cryptocurrencies and is currently gaining momentum around the world. Investors as well as people in the technology industry are all abuzz about how it will change the way we…
Menu