Photo: Daniel Goodman / Business Insider.com
BillGuard, a personal finance security company which monitors credit card complaints, is trying to harness the collective power of consumers to identify unauthorised charges and suspicious companies. See BillGuard’s offices >
The company, founded by Yaron Samid and Raphael Ouzan, combines social media, big data mining, and financial transaction information to improve consumer protection. The service, which is free to consumers, monitors credit card and banking activity and reports alerts to its users when a faulty charge occurs.
By combining information from a growing number of users and mining it, BillGuard is gathering and analysing a wealth of data on credit card fraud.
With a headquarters and research and development base in Tel Aviv, Israel, BillGuard has been expanding its US operations. The company recently raised $10 million in a second round of funding and we stopped by their shared office in Wurk Environments’ Times Square property.