September 09, 2024
FDIC Sees Non-Depository Financial Institution Loans Surge, Hinting at New...
The Federal Deposit Insurance Corp.’s latest quarterly banking industry report hints at where risks lie if additional pressures come to bear on financial services firms — particularly those that don’t...
September 09, 2024
FinCEN Says Banks Reported $688 Million in Mail Theft-Related Check...
Mail theft-related check fraud amounted to more than $688 million in a recent six-month period. So said the Financial Crimes Enforcement Network (FinCEN) in a Monday (Sept. 9) press release...
September 09, 2024
Ulta Beauty Doubles Down on Social Media and Digital Strategy
Ulta Beauty is transforming its brand image into a social powerhouse, capitalizing on a surge of digital engagement to elevate its market presence. During the company’s second-quarter earnings call (Aug....
September 06, 2024
New AI System Aims to Detect Financial Fraud Across Corporate...
Researchers have developed a new artificial intelligence (AI) system to detect accounting fraud within individual companies and across supply chains and industries. The machine learning technique FraudGCN analyzes patterns in...
September 06, 2024
FDIC Takes Hard Look at ‘For Benefit Of’ Accounts
The ties that bind banks and FinTechs will be more closely watched by the Federal Deposit Insurance Corporation (FDIC), and a formal proposal/rule from the regulatory agency, governing accounts in...
September 06, 2024
Crypto Lobbying Makes Insane Splash in American Politics
By: Jai Hamid (Cryptopolitan) Crypto companies are pouring massive amounts of money into American politics, with spending on crypto lobbying skyrocketing by 1386% over the past seven years. Lobbying expenditures...
September 06, 2024
CrowdStrike and Digital Ecosystem Transitivity
By: Kevin C. Desouza, Richard Watson, and Yancong Xie (Tech Tank) On July 19, 2024, a global outage occurred due to a faulty software update from CrowdStrike, a leading cybersecurity company. This...
September 06, 2024
Labor Market Slows, Dimming Hopes of Workers Looking to Change...
On the face of it, the jobs report released Friday (Sep. 6) had some good news — at least for those looking for confirmation that the Federal Reserve will cut...
September 05, 2024
This Week in B2B: Partnerships, Payments and Process Improvements
The future of B2B payments lies in automation, not administration. Given the B2B sector’s legacy of complex workflows, intricate data requirements and entrenched manual processes, the opportunities for innovation are...