August 23, 2023
The Modern Fraud Dilemma: It’s Good AI Against Bad AI 

Generative artificial intelligence (AI) is making everything easier, including scams. Bloomberg reports that the world’s banking industry is “scrambling” to contain the risk of AI-generated criminal attacks. And insiders have repeatedly told PYMNTS...

August 18, 2023
Surge in Remittances Provides Cover for Drug Cartels’ Money Laundering

Drug cartels are reportedly disguising their ill-gotten gains as routine money transfers by using remittances. A surge in legitimate remittances from migrant workers has inadvertently made it easier for drug cartels to...

August 15, 2023
Banks Need Data Providers to Grapple With the Changes in...

Charles Zhu, vice president of product at Enigma, said “know your business” (KYB) mandates can be onerous on financial institutions (FIs) building an in-house compliance process.  But for forward-thinking FIs,...

August 09, 2023
Virtusa and Thought Machine Launch Customer Onboarding Platform

Virtusa and Thought Machine have teamed up to launch a platform that helps financial institutions onboard small- to medium-sized businesses (SMBs). The new SME Customer Onboarding Platform is designed to streamline and enhance the onboarding...

August 03, 2023
What If: Elon Musk’s X Becomes the Next Super App?

Super apps like Alibaba’s Alipay and Tencent’s WeChat have become super successful in Asia. Their market dominance in turn has made Western entrepreneurs “super” interested in building their own, perhaps...

July 31, 2023
Keeping the Baby While Losing the Bathwater: AI’s Efficiencies and...

The generative artificial intelligence (AI) revolution is already generating efficiencies across industries. But the rapid advance of the groundbreaking technology has also sparked concern from institutions as varied as the...

July 31, 2023
Unlocking the Virtual Prepaid Card Opportunity

Money today is different than it was five years ago. It’s more nimble, secure, online and democratized. That’s why PYMNTS sat down with Chris Winter, managing director and head of APAC...

July 25, 2023
Deloitte and Chainalysis Ally to Offer Digital Asset Data and...

Deloitte, one of the “Big Four” accounting, consulting and professional service firms, and blockchain analytics firm Chainalysis have announced an alliance to provide digital asset data and analytics solutions and services....

July 03, 2023
ComplyAdvantage and FullCircl Team to Boost AML Services

ComplyAdvantage has teamed with FullCircl to offer a new onboarding/customer lifecycle management solution. The partnership, announced in a news release Monday (July 3), offers customers a suite of know your customer (KYC) and anti-money...