The Swiss digital bank Alpian will use the Napier Continuum financial crime compliance platform. The developer of the platform, Napier, announced the partnership in a press release on Wednesday (Dec. 7), stating that it will supply Alpian with its full suite of financial crime compliance...
Inflation may be inescapable but research shows businesses are actually more worried about fraud. According to the “B2B Payments Fraud Tracker,” from PYMNTS and nsKnox, worries about payments fraud was the number one concern for businesses. While surprising, this top-of-mind concern is well-founded, given that...
2022 was a year filled with crypto meltdowns, international sanctions, synthetic IDs and fraud attacks. But Kiran Hebbar, CFO at Alloy, told PYMNTs that 2023 will be the year where regulators ramp up their scrutiny of financial services firms. “Fraud has exploded,” he said —...
Ankr has become the latest cryptocurrency-related firm to be hacked. The Web3 infrastructure provider tweeted Thursday (Dec. 1): “Our aBNB token has been exploited, and we are currently working with exchanges to immediately halt trading.” Our aBNB token has been exploited, and we are currently...
FinTechs failed the American government during the pandemic, while traditional banks wisely sat things out. That’s the short version of a new congressional report that is blaming FinTech companies for causing tens of billions of dollars in losses incurred by the U.S. government due to...
Friendly fraud. First-person fraud. Call it what you will — maybe “mistaken fraud.” For many merchants, purchase disputes and chargebacks are an unfortunate cost of business, one that’s been on the rise amid the great digital shift. Illegitimate chargebacks — aka friendly fraud — occur...
Real-time data. Online social networks. Real-time payments. For the fraudsters, it’s all a match made in heaven. As DataVisor CEO Yinglian Xie told PYMNTS’ Karen Webster criminals are proving adept at data sharing in organized ways — and their schemes are proving more lucrative than...
Payments credit union service organization (CUSO) PSCU is now offering its enhanced fraud services in two varieties — consulting and monitoring — to enable credit unions to pick the service level that meets their needs. The new monitoring option includes select features from the full...
From trading at less than a dollar in its first few years of existence to over $60,000 in late 2021, the story of bitcoin’s meteoric rise has often been used by scam artists as bait for inexperienced investors looking to make huge gains in the...
