Ransomware, paid in bitcoin, is gaining traction as a way for fraudsters to bilk victims out of their money. Elsewhere, in the UK, business email compromise (BEC) scams are seeing a resurgence, with a doubling in activity as measured year over year.
Auditing expenses without the aid of technology is an inefficient endeavor — and errors or fraud can slip under the radar. AppZen found in recent research that most enterprises doing manual audits examine only 10 percent of their spending. Companies that use AI can audit 100...
Late payments are a headache for any industry, but the construction sector has seen some particularly detrimental effects from cash-flow bottlenecks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Amid escalating political tensions between Hong Kong and China, the Financial Times reported Thursday (Aug. 15) that Hong Kong authorities have reportedly opened an investigation into Chinese banks operating in the city. Get the Full Story Complete the form to unlock this article and enjoy...
With more than $200 million in venture capital funding landing with B2B FinTechs this week, investors had their eyes set on a variety of pain points in corporate finance. Small business finserv was a popular target this week, with startups securing funding for their SMB...
Challenger bank Revolut is launching a new product for its small business customers. 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....
Axos Bank parent company Axos Financial has rolled out out commercial banking operations across new markets in the U.S., it said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
General Electric has been targeted in accusations of massive accounting fraud by the whistleblower that called out Bernard Madoff’s Ponzi scheme, reports in CNBC said on Thursday (Aug. 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The brewing of global trade wars has importers and exporters reeling. 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...
