June 27, 2024
Evolve Confirms Ransomware Hack as Challenges Grow at FinTech Partner...

It’s been a bad month for Evolve Bank & Trust, and it’s only getting worse. Following a “cease and desist” order issued to the bank on June 14, the Arkansas-based...

June 25, 2024
FiVerity Unveils Risk Management and Fraud Prevention Platform

Identity verification and fraud prevention firm FiVerity is launching its Identity Trust Management platform. The platform integrates features such as enhanced know your customer (KYC) measures, fraud investigation, continuous monitoring,...

June 24, 2024
CDK Fallout Continues as Car Dealers Go Old School

Software companies have taken over large swathes of the economy during the past few decades. And when something goes wrong with these software companies, something ultimately goes wrong with the...

June 21, 2024
Cyberattack on Software Provider Stalls Out US Car Dealership Sector

Software, and digital transformation more broadly, have transformed the business landscape. Nearly every modern business relies on software to run their operations, and digital technology has become a pervasive, invisible...

June 20, 2024
Nonbanks, Systemic Risks Highlight Need for ‘Know Your Business’ Due...

For banks, forging partnerships with nonbanks and FinTechs has been a key way to capitalize on growth opportunities in private credit. But the increasing connectedness between traditional financial players and...

June 19, 2024
Starling Bank Takes Debtors To Court Amid UK Watchdog Probe

Starling Bank is reportedly taking several debtors to court amid a U.K. financial watchdog’s investigation. The neobank has filed petitions against 24 companies that have defaulted on their loans, the...

June 18, 2024
Treasury Prime Partner Marketplace Adds FS Vector’s Compliance Training Resources

The Treasury Prime Partner Marketplace now includes FS Vector’s regulatory compliance training platform Headmaster. This addition comes as part of a newly formalized relationship between Treasury Prime, which is an...

June 18, 2024
Prometeo Launches Bank Account Validation Offering for US Market

Latin American FinTech Prometeo has launched its Bank Account Validation (BAV) offering for the U.S. market. This offering enables Latin American businesses to connect with all U.S. banks via one...

June 11, 2024
Fresh Wave of Major Cyberattacks Exposes Key Enterprise Security Weaknesses

On a weekly basis, businesses operating within security-critical industries are reminded that security is critical. In just the past handful of days, three substantial cyberattacks on city governments, healthcare systems,...