feedzai co-founder nuno sebastiao, thank you for joining us.esident biden's aides have set april 12 as the date of a summit on the chip shortage. sources saying that companies invited include samsung and gm. we are working to learn more. next week, we will bring you a very special program all about the global semiconductor storage. it is called chip crunch. we will have conversations with the best of bloomberg news. that show is wednesday 5:00 p.m. eastern, 10:00 p.m. in the u.k., 5:00 a.m. in asia. we will bring you a special conversation with robin lee, covering baidu's surge. that is tomorrow across bloomberg television. that does it for this edition of bloomberg technology. this is bloomberg. ♪ (announcer) do you want to reduce stress? shed pounds? do you want to flatten your stomach? do all that in just 10 minutes a day with aerotrainer, the total body fitness solution that uses its revolutionary ergonomic design to help you maintain comfortable, correct form. that means better results in less time. and there are over 20 exercises to choos

joining us now to discuss solutions for the rampant financial crimes, feedzai's ceo, nuno sebastiao. uch and what kind of activity you are seeing just heading into 2021. nuno: first of all, thank you for having me, emily. as you mentioned, we saw the impressive number increase. if you compare q1 last year and q4 last year, the amount in fraud scams, 250% online fraud scams, the amount of impersonations, so someone trying to pretend to be you to get access to your financial service systems, over 600%. it has been rampant and it was already happening. but with the acceleration to digital that was forced on us, it really blew up, and that they -- that basically increased the demand for these types of solutions. emily: so, the unemployment system for example was plagued by $63 billion in fraud as unemployment was doled out to millions of americans amidst a pandemic. how does your technology, how could your technology help? nuno: i cannot say too much about that. when we work with systems like the one you mentioned, making sure that the money flows to the consumers. -- but when we work wit

feed -- feedzai co-founder nuno sebastiao, thank you for joining us.s been announced as a day for a summit on the chip shortage that has been so devastating to the tech industry, sources say copies invited to the meeting include samsung and gm and we are with the -- we are looking to find out more. next week, a very special program all about the semi conductor shortage. it is called chip crunch. we will have the conversation with the ceo. the blessed -- the best of bloomberg news, 5:00 p.m. in the u.k., 5:00 a.m. in asia. the ceo and cofounder, covering the decade-long journey from being a search engine to a company that is everything from cloud computing to producing autonomous cars. that is tomorrow across bloomberg television. that does it for this edition of "bloomberg technology." thank you for joining us. this is bloomberg. ♪ >> asia is core to our business. >> but also we are investing in asia as the planned growth for the region. 24% last year, and this group is counting on the growth. >> we see company after company, companies, corporate commi