October 12, 2022
Swiss Government Proposes Registry of Company Ownership

In a move that signals a major change for Switzerland’s financial services industry, the Swiss government intends to establish a central registry to track ownership of legal entities. To that...

October 11, 2022
Neobank N26 Anticipates Breaking Even in Face of Losses

German neobank N26 said it has enough cash until it breaks even, although its finance chief is not ready to say when that will happen. According to multiple media reports...

October 10, 2022
Financial Scams up the Ante for FI Investment in AI-Powered...

Something’s got to give, as the old song goes. As Dave Excell, founder of Featurespace, remarked to PYMNTS’ Karen Webster with a nod to fraud attacks bedeviling financial institutions: “The...

October 06, 2022
EU Targets NFT Money Laundering; Warner Music Group Plays Along

In case you are of the opinion that the prices people are willing to pay for collectable profile picture (PFP) non-fungible tokens (NFTs) have returned to sanity levels, be aware...

October 05, 2022
SushiSwap Plans Reveal Top-Heavy Side of DeFi Governance

Decentralized finance’s (DeFi’s) reign as a crypto-libertarian tool of bypassing government control of finance took another step toward the ash heap of history this week as a leading DeFi project...

October 05, 2022
New FinCEN Transparency Rules Require Naming Beneficial Owners

In a bid to crack down on illicit finance, the Financial Crimes Enforcement Network (FinCEN) has issued a final rule creating a beneficial ownership information reporting requirement. The rule will...

October 05, 2022
EU Watchdog Mulls Regulation of AI-Cybersecurity Firms

In what’s been called the fourth industrial revolution, artificial intelligence (AI) is radically transforming global economies at a pace that has regulators scrambling to keep up. In the European Union...

October 05, 2022
Behavioral Analytics Balance Experience and Security for BNPL Players

The recent discovery by Amsterdam-based cybersecurity firm ThreatFabric that criminals are using Android banking trojans to exploit vulnerabilities in BNPL apps to make fraudulent purchases is a clear indication that...

September 30, 2022
FINRA Debuts Tougher Money Laundering Rules

The Financial Industry Regulatory Authority (FINRA), a Wall Street regulator, has issued new guidance for broker-dealers on the penalties they could face for violating anti-money laundering (AML) rules, eliminating the...