August 29, 2023
AI and Banking’s New Dawn: From Conversations to Conversions

The banking industry’s lexicon is getting an artificial intelligence (AI) makeover. In this new era, “conversation” transcends a mere chat, fraud “detection” connotes foresight and “digital natives” have AI on...

August 24, 2023
TD Bank Faces Anti-Money Laundering Probes From US Regulators

TD Bank has disclosed that it is cooperating with inquiries from regulators and law enforcement regarding its compliance with anti-money laundering rules. The bank made this disclosure in its report to shareholders for...

August 24, 2023
Binance to End Debit Cards for Users in Latam and...

Binance is ending its cryptocurrency-backed debit card in Latin America and the Middle East. The decision, the latest in a series of pullbacks by the crypto giant, was announced on Twitter Thursday (Aug....

August 22, 2023
Binance.US Partners With MoonPay to Convert Dollars to Tether

To regain access to a steady flow of dollars, Binance.US, the American arm of the cryptocurrency exchange, has teamed up with MoonPay, a payment startup. Binance.US has faced numerous legal...

August 22, 2023
Report: African FinTech Flutterwave Planning an IPO

 Nigerian payments company Flutterwave is reportedly planning to go public. In an interview with Bloomberg News published Tuesday (Aug. 22), the company’s chief executive said it is moving forward with a planned initial public...

August 18, 2023
62% of FIs Grapple With a Rise in Fraudulent Transactions

As more transactions move online, banks are girding for, and doing battle against, a rising tide of fraud. As noted in the report “The State of Fraud and Financial Crime...

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 17, 2023
Binance Connect Shutdown Highlights Crypto’s Ongoing Identity Crisis

The year 2022 could not have been better for the world’s largest cryptocurrency exchange, Binance. Crypto markets were coming off an all-time high, and the November implosion of rival exchange FTX, Binance’s...

August 15, 2023
FinTechs Look to M&A for Profitability as Economic Shake-Up Continues

The economy stands to make for some unlikely unions in the financial technology space over the next 24 months. Banks have traditionally viewed FinTechs as agile rivals in the digital...