For the bad actors, check fraud is en vogue. For consumers, and for banks, the rising embrace of disbursements may have a positive knock-on effect:...
Michael Hsu, acting comptroller of the currency at the Office of the Comptroller of the Currency (OCC), recently voiced support for a new proposal by Federal Deposit Insurance...
With Wednesday’s (March 20) announcement about Visa’s expanded partnership with LemFi, the focus is on cross-border payments. The cross-border payments landscape itself is a dynamic and fragmented one, full...
Sam Bankman-Fried’s defense team said Tuesday (March 19) that the prosecution’s proposed 40- to 50-year prison sentence is based on a “distorted” narrative and a...
FinTech startup AutoSettle launched a platform to improve the vehicle-buying process in Australia. The platform is the world’s first virtual settlement exchange for cars and offers instant and...
In financial services, technological advances open new doors and new avenues for fraud. Financial crime is a Hydra-headed monster, constantly finding new ways to breach...
A banking glitch in Ethiopia reportedly let customers withdraw unlimited funds. Now, state-owned Commercial Bank of Ethiopia (CBE) is trying to recover the $40-plus million that was withdrawn or...
Australian Payments Plus (AP+) has chosen Swift to assist in improving the country’s payment capabilities. Swift will build a service to reduce misdirect payments and boost...
A top federal prosecutor is reportedly targeting startups that defraud investors ahead of going public. Ismail Ramsey, U.S. attorney for the Northern District of California,...