Search results for "anti-money laundering "

December 01, 2023
American Express, Mastercard and Others Behind New Standards for Enterprise...

If software is the engine of the 21st-century business landscape, data is its oil. And the oil is only becoming more valuable — and important — as generative artificial intelligence...


December 01, 2023
This Week in AI: ChatGPT’s Birthday, Amazon’s Ambitions, Payment Efficiencies 

Thursday (Nov. 30) was OpenAI’s ChatGPT’s first birthday.  And what a year it’s been for the generative artificial intelligence (AI) landscape more broadly.  We are only at the beginning of...


November 30, 2023
TD Bank to Cut 3% of Workforce

Toronto-Dominion Bank, Canada’s second-largest lender, has reportedly undertaken a restructuring plan that includes a 3% reduction in its workforce. The job cuts will be implemented through attrition as well as...


November 30, 2023
This AI Pioneer Says the Tech’s Best Applications Are in...

With knowledge comes power, and that fact is particularly true when using artificial intelligence (AI).  After all, knowing how an innovation works is essential for leveraging it effectively and discerning...


November 29, 2023
Binance CEO Richard Teng Plans to Keep Core Team Intact 

Binance’s new CEO Richard Teng said he will keep the cryptocurrency exchange’s core team intact as he steers the company through regulatory challenges.  Teng said in a Bloomberg TV interview that keeping...


November 29, 2023
Binance Faces Challenges in SE Asia After $4 Billion US...

Last week, Binance agreed to pay $4 billion to resolve a Department of Justice investigation. Although that case is in the rearview mirror, the world’s largest cryptocurrency exchange could still...


November 27, 2023
Judge Rules Binance Founder Must Remain in US 

Changpeng Zhao, the co-founder of cryptocurrency exchange Binance Holdings, is reportedly facing legal restrictions that prevent him from returning to his home in the United Arab Emirates (UAE).  U.S. District Judge...


November 26, 2023
Binance Founder Seeks to Prove He’s Not a Flight Risk

Binance’s founder is fighting the Justice Department’s efforts to keep him in the U.S. Changpeng Zhao pleaded guilty last week to failing to maintain proper anti-money laundering standards and agreed to step down...


November 22, 2023
Tale of 2 Crypto Exchanges: Binance’s Money Laundering vs FTX’s...

Cryptocurrency exchanges play a vital role in the digital asset ecosystem. They facilitate the buying, selling, trading, transferring, and storing of both individual and institutional holdings of the more than...


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.