May 16, 2024
Treasury Department to Use ‘Automation and Innovation’ to Fight Illicit...
The Department of the Treasury has outlined the priorities it will pursue this year to step up the fight against illicit finance. The agency aims to increase transparency, leverage partnerships and support responsible...
May 16, 2024
Could ISO 20022’s Data-Rich Messaging Fuel AI Innovation?
The best, and most lasting innovations, are those that beget other innovations. That’s because innovation rarely happens in isolation. The strongest pushes of forward progress frequently build upon existing knowledge, technology...
May 15, 2024
Toggle AI Acquires Atom Finance to Bolster Investment Platform
Toggle AI says it is acquiring financial data/analysis platform Atom Finance. The company, which provides artificial intelligence (AI) solutions for investing to hedge funds, banks and brokerages, announced the deal in a Wednesday (May...
May 13, 2024
Intellicheck Posts Record Quarter as Identity Fraud Continues to Run...
As identity fraud continues to plague business verticals from banking to automotive and even higher education, verification company Intellicheck posted record Q1 earnings Monday (May 13). “The landscape of the...
May 02, 2024
Oracle Adds AI-Powered Vector Search to Converged Database
Oracle, a provider of integrated suites of applications and secure infrastructure in the Oracle Cloud, has introduced Oracle Database 23ai. This latest release of Oracle’s converged database introduces more than 300...
May 02, 2024
Data Revolution Adds Stability to Uncertain Financial Transactions
In the new PYMNTS eBook, “The Implications of Uncertainty,” Thredd Chief Administrative Officer Oliver Dean explores how data analytics and AI have transformed the card payments industry. Continued uncertainty...
May 01, 2024
Report: Block Faces DOJ Probe Over Alleged Compliance Lapses
Block, owner of Cash App and Square, is reportedly facing a Department of Justice investigation. Federal prosecutors are in discussions with an ex-employee about allegations of widespread compliance failures at Cash App and Square going back years, NBC News...
April 30, 2024
Binance Founder Changpeng Zhao Sentenced to 4 Months in Prison
Changpeng Zhao, the founder of cryptocurrency exchange Binance, was sentenced to four months in prison on Tuesday (April 30). The sentencing came after Zhao pleaded guilty to charges of enabling money...
April 26, 2024
Banks Need ‘Change Management Checklist’ in Battle Against Fraud
Artificial intelligence (AI) holds the promise to transform all manner of industries — helping banks, in particular, improve their anti-money laundering (AML) efforts. But as Chris Caruana, VP of Strategy...
