London-based Themis has acquired Edinburgh-based fraud monitoring company Pasabi.

The transaction, recently approved under the UK Home Office National Security and Investment Act 2021, brings artificial intelligence (AI) technology and fraud combatting expertise into Themis, accelerating its product roadmap by several years.

The deal also embeds Pasabi’s Fraud Prevention platform into the Themis ecosystem.

Dickon Johnstone, chief executive of Themis, commented: “By embedding AI at the core of our platform, we’re making it harder than ever for criminals to hide, and easier than ever for businesses to protect themselves and society.”

Chris Downie, co-founder and chief executive of Pasabi, said: “Advances in AI have changed the game and, if deployed well, are tipping the balance in favour

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