April 25, 2024
Thredd CEO: Compliance Will Define Future of Payments
Whenever you see a successful business, someone once made a courageous decision. That quote, by management consultant Peter F. Drucker, holds more true today than ever before — particularly given...
April 22, 2024
Verafin Adds AI Copilot to Financial Crime Management Solutions
Verafin has added an artificial intelligence (AI) copilot to its suite of financial crime management solutions. The new Entity Research Copilot is being rolled out to the firm’s customer base of...
April 22, 2024
Commerzbank Fined for Money Laundering Compliance Failure
A German financial regulator has reportedly fined Commerzbank $1.5 million for anti-money laundering violations. BaFin said Monday (April 11) that the bank failed to update customer data on time and did not provide sufficient security...
April 21, 2024
Bankman-Fried Agrees to Help FTX Investors Sue Celebrity Crypto Promoters
A group of FTX investors has agreed to drop legal claims against Sam Bankman-Fried. In exchange, the disgraced former crypto exchange CEO will cooperate in the investors’ suits against other defendants stemming...
April 18, 2024
UnitedHealth Reports Processing Issues at Change Healthcare
Change Healthcare’s troubles are apparently not over. The company, which is owned by UnitedHealth, said Thursday (April 18) it had fixed an issue that had hindered medical claims processing for some...
April 17, 2024
Finix Launches Tool to Onboard Merchants for Payment Acceptance
Full-stack payment processor Finix has launched a solution that allows businesses to onboard merchants for payment acceptance in a streamlined way. The new Merchant Underwriting solution also ensures that the businesses remain current...
April 17, 2024
Senators Unveil Bipartisan Bill Outlawing Algorithmic Stablecoins
Two U.S. lawmakers have introduced legislation to govern the use of stablecoins. The legislation, announced Wednesday (April 17) by Sen. Kirsten Gillibrand (D-N.Y.) and Sen. Cynthia Lummis (R-Wyo.) would require stablecoin issuers to maintain...
April 16, 2024
Congress Calls for Proactive Policies to Combat Security Breaches
The internet looks very small to an attacker, but massive to a defender. And a persistent reality of the 21st century’s connected economy is that many digital doors are left...
April 15, 2024
FinCEN Warns Banks to Watch for Passport Card Fraud
Federal authorities are warning banks against the rising threat of passport card fraud. The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and the Department of State’s Diplomatic Security Service (DSS) issued a...
