Search results for "data security"

April 19, 2024
Making Sense of Why FIs Are Tokenizing Real-World Assets 

The tokenization of real-world assets (RWA) is emerging as more than just a token exercise. It’s another function of the blockchain landscape that has captured the imagination of various players...


April 19, 2024
This Week in AI: Proposed Federal Oversight, Cybersecurity, Gaming Development

This week in artificial intelligence (AI) news, Sen. Mitt Romney’s initiative for greater federal oversight of AI faces challenges, game developer RiseAngle is harnessing AI to refine its workflows and the NSA...


April 19, 2024
German Agency Criticizes EY’s Audits of Wirecard

A German regulator has reportedly concluded that EY’s audit work and quality control regarding the now-defunct payments firm Wirecard was marked by “grave” and “repeated” violations of professional duties. The regulator, Apas,...


April 19, 2024
The AP/AR Modernization Mandate: From Self-Assessment to Better B2B Payments

Modern technology makes modern business strategies possible. And with the news on Thursday (April 18) that Mastercard is bringing its commercial cards to mobile wallets, gaining a competitive edge by...


April 19, 2024
Apple Says China Ordered Removal of WhatsApp, Threads From App...

Apple has removed Meta’s WhatsApp and Threads, as well as Telegram and Signal, from its App Store in China. The company was ordered to do so by the Cyberspace Administration...


April 19, 2024
Banks Leverage FinTech Partnerships to Ride Digital Transformation Wave

The digital transformation of banking continues to reshape how financial institutions (FIs) are meeting the evolving expectations of consumers. And central to this evolution are partnerships, which play a pivotal...


April 18, 2024
Kraken Acquires TradeStation Crypto to Expand Regulatory Licensing in US

Cryptocurrency exchange Kraken is buying TradeStation Crypto, the digital assets unit of TradeStation Group. With this acquisition, Kraken aims to expand its regulatory licensing in the United States, Seeking Alpha reported Thursday (April 18). “The...


April 18, 2024
Proposed Federal AI Oversight Plan Faces Hurdles, Experts Say

Sen. Mitt Romney’s call for enhanced federal oversight of artificial intelligence (AI) faces hurdles, according to experts, who say the technology’s rapid advancement and wide-ranging applications pose significant challenges to...


April 18, 2024
Congress Advances Earned Wage Access Bill as Popularity Grows

When is a loan not a loan? That is, in one sense, the question at the heart of proposed new federal legislation around earned wage access (EWA) that is coming on the...


Using AI to Combat AI Fraud in the Credit Union Space
Credit Unions Counter the Growing Risk of AI Fraud Generative AI tools like ChatGPT have been game-changers across multiple industries, and digital fraud is no exception. The “Credit Union Tracker®,” a collaboration with PSCU, explores how fraudsters are using AI to target credit unions on an unprecedented scale.
Instant Payouts Reach an Inflection Point
Consumers Want Instant Payments — For Free More than two-thirds of consumers chose instant payouts if given the choice, but paying for it depends on the use case and the need. A new report, “Disbursements Satisfaction Report 2023,” a PYMNTS and Ingo Money collaboration, examines U.S. consumers and their expectations for instant payments across a range of use cases from gaming to legal settlements to loans to wages and insurance claims.