Search results for "anti-money laundering "

January 05, 2024
Network Tokenization and Digital Identities Are Quietly Transforming Payment Security

One innovation above all others dominated the headlines in 2023: artificial intelligence (AI). But while AI, particularly its impact on the payments landscape, captured public eyeballs and enterprise attention, other...


January 05, 2024
83% of Bank Execs Eye GenAI With Hope and Hesitation

The financial services sector has long been a proving ground for emerging technologies. The current era of disruption is no exception to this history. GenAI represents the latest transformative technology...


January 04, 2024
Unlocking Trapped Liquidity Is Holy Grail for Cross-Border B2B Payments

Taking the friction out of cross-border payments is fundamental to spurring global growth.  For businesses that increasingly expect a B2B payment experience mirroring the convenience available in consumer transactions, unmet...


December 27, 2023
BNP Paribas Part of French Money Laundering Probe

Prosecutors in France reportedly launched a money laundering investigation that involves BNP Paribas. The Paris prosecutor’s office is looking into allegations of “aggravated money laundering” connected to transfers made by...


December 26, 2023
Binance Founder’s Fortune Ballooned by $25 Billion in 2023

Despite a turbulent year for his company, Binance’s founder is ending 2023 $25 billion richer. Changpeng “CZ” Zhao’s net worth is now an estimated $37 billion, putting him in the company of...


December 21, 2023
NexPay Teams With Flagright for Faster Student Payment Processing

Student payment FinTech NexPay partnered with Flagright to improve its real-time payment processing capabilities. Australia-based NexPay lets study abroad students pay in local currencies, with the goal of making foreign...


December 20, 2023
Visa: Orchestration Layers and Aliases Pave the Way for Instant...

Ruben Salazar, senior vice president and global head of Visa Direct, told Karen Webster that the transition from traditional, ACH transactions toward faster payments is underway — but is not...


December 18, 2023
Court Approves CFTC’s Settlement With Binance

A U.S. district court has approved a previously announced settlement and entered an order against cryptocurrency exchange Binance and its former CEO, Changpeng Zhao. The U.S. District Court for the North District of...


December 18, 2023
CSI Acquires Hawthorn River to Improve Loan Processing

FinTech CSI has acquired banking software firm Hawthorn River to enhance the loan origination capabilities of CSI customers.  This acquisition will add Hawthorn River’s single-platform loan origination system designed for community...


Digital Fraud
No Phishing: Multilayered Defense Best Way to Keep Fraudsters Empty-Handed Social media scraping and automated fraud attacks have deemed old-school single-layer defense systems ineffective. In this month’s Digital Fraud Tracker®,” done in collaboration with and supported by PayPal, Georgetown cybersecurity Prof. Chuck Brooks tells PYMNTS how a mix of drills, training and separated siloes are the best way to send phishermen home empty-handed.
Credit Union Innovation Playbook: Data Analytics Edition

The Credit Union Innovation Playbook, in collaboration with PSCU, delves into the innovation agendas of players in the credit union ecosystem. Each edition of the Playbook hones in on a specific innovation focus, exploring the differences between how credit union members and leaders prioritize innovation in four select areas: risk and fraud, digital banking, data and analytics, and loyalty.