Search results for "anti-money laundering "

March 24, 2023
Thunes Raises $30 Million So Far in Ongoing Investment Round

Thunes has raised $30 million in Series C funding for its cross-border payments solutions. The firm disclosed in a filing with Singapore’s Accounting and Corporate Regulatory Authority that one of...


March 23, 2023
Rise of SVB-Driven Fraud Shows How Fast Criminals Move

For criminals, big news creates big opportunities. And businesses beware — the recent collapses of Silicon Valley Bank (SVB) and Signature Bank offers cybercriminals a perfect cocktail of urgency, uncertainty and money movement, creating...


March 20, 2023
Everything But the Crypto: Flagstar Scoops Up Failed Signature Bank

One of the crypto sector’s favorite banks, Signature, has a new home.  As of Monday (March 20), the former crypto-friendly lender’s doors are open again across its 40 branches. Unfortunately...


March 17, 2023
FCA Says Many Payments Firms’ Controls Aren’t ‘Sufficiently Robust’

A United Kingdom regulator has cautioned payments firms that it expects their controls to be “sufficiently robust.” The Financial Conduct Authority (FCA) sent a letter to such firms on Thursday...


March 14, 2023
AI Isn’t New to Payments but Use Cases Like Predictive...

The current explosion of interest in artificial intelligence (AI) may seem new to the uninitiated, but truth be told, this cutting-edge tech has been silently performing tedious, high value tasks...


March 13, 2023
Some UK Lawmakers Eye Dropping Small Businesses from Crime Bill

The scope of the United Kingdom’s economic crime bill may be narrower than some hope. Some lawmakers have proposed excluding small businesses from the laws that the bill would implement,...


March 09, 2023
How Corporates Can Help Banks Fight Real-Time Payments Fraud

As instant payments become the norm, businesses can bolster safeguarding their hard-earned revenue.  While legacy habits such as paper checks persist, small businesses are catching up with their larger competitors in modernizing...


March 07, 2023
Papaya Global Launches Embedded Payments Platform Designed for Payroll

Papaya Global has launched an embedded payments platform designed for payroll and other worker-related expenditures. The new Papaya Global Payroll Payments automates all processes, reduces mistakes and enables payments to...


March 06, 2023
Australia’s Crypto Regulations Are Facing Long Delays

Australia’s plan to regulate the crypto industry may face further delay, as the government reportedly wants to take its time in order to get a complete understanding of the sector. ...


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.