An EY whistleblower has alleged the global accounting firm was warned as far back as 2016 that senior managers at Wirecard may have committed fraud and one had tried to bribe an auditor, the Financial Times (FT) reported. Get the Full Story Complete the form...
Isn’t it just like a crook to exploit a bad situation? COVID-19 is an ideal example, as cold-hearted fraudsters are siphoning off funds designated for legitimate people and businesses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Once rare, telecommuting has become routine during the pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form,...
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...
Although still a horrific event, the ongoing coronavirus crisis has, in many ways, created positive outcomes. In the world of payments, the pandemic introduced a once-in-a-lifetime event to accelerate digitization and adoption of electronic payments, much to the benefit of all parties involved. Get the...
Remittances are a lifeline for those working abroad and sending funds to with loved ones back in their country of origin. But COVID-era workarounds like remote onboarding and account creation have left many doors and windows open for cybercrooks to slip through. Get the Full...
Identity fraud is pervasive threat, with fraudsters stealing identities and constructing fake ones to steal $16.9 billion in 2019. Technologies like video onboarding and artificial intelligence (AI) have shown promise in facing this threat, but each is vulnerable when deployed alone. In this month’s Fighting...
California-based Jumio said its artificial intelligence (AI)-fueled identity verification offerings are now available to Microsoft Azure Active Directory External Identities for business-to-consumer (B2C) clients. The technology allows for a biometric and instinctive method of verifying new clients prior to the time that they receive login...
Financial crime is a pervasive threat to banks, credit unions, FinTechs and other financial institutions (FIs) the world over. A recent study from PwC found that 47 percent of companies had experienced fraud at least once in the past two years, with a grand total...
