It’s no surprise the financial service industry’s move toward open banking may not be the most favorable trend among banks. With data considered under ownership of the customers and not the bank, financial institutions are exposing themselves to market competition, security risks and other threats...
With talk of bankruptcy growing louder for Sears, the struggling retailer has reportedly stopped paying suppliers. Reports in Reuters on Thursday (Oct. 11) said three suppliers have reported missed payments from Sears in the last several weeks. The reports have heightened concerns about the company’s...
Europe’s largest banks have landed in the hot seat, thanks to a recent Fortytwo Data report that found 90 percent had been sanctioned for money laundering activities. Now, a new report is shining a spotlight on European banks’ lackluster performance in another area: small business...
Mitek Systems, the financial technology provider to banks, is pushing back from a takeover offer from Elliott Management, the hedge fund and ASG Technologies, the software company. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Alipay, the mobile payment app, said Wednesday (October 10) that hackers stole money from accounts via stolen Apple IDs. 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...
Cybersecurity company Imperva announced that it has agreed to be acquired by private equity technology investment firm Thoma Bravo. After the close of the deal, Imperva will operate as a privately-held company at its corporate headquarters in Redwood Shores, California, and will continue being led by...
The People’s Bank of China has announced new anti-money laundering (AML) and counter-terrorism financing regulations for online financial institutions (FIs). According to Reuters, the new rules — which take effect on Jan. 1 — order institutions to set up internal control mechanisms for preventing money...
FBI Director Christopher Wray had this to say about recent allegations that spy chips from China had been placed into servers owned by tech giants such as Apple and Amazon: “Be careful what you read.” Get the Full Story Complete the form to unlock this...
A U.S. Treasury-led interagency committee is now requiring foreign investors involved in deals that could give them access to critical technology to submit to national security reviews. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
