Search results for "fraud"

September 10, 2023
G20 Countries Want ‘Swift’ Passage of Global Crypto Rules

The heads of the G20 nations are calling for rapid adoption of global cryptocurrency rules. A report Sunday (Sept. 10) by Cointelegraph said this framework will allow for the exchange...


September 10, 2023
Bankman-Fried Lawyers Press for Better Jailhouse Internet Access

The war over Sam Bankman-Fried’s jailhouse internet access continues. Attorneys for the accused cryptocurrency fraudster said in a memo to the court Friday (Sept. 8) that prosecutors are overstating the...


September 10, 2023
Wells Fargo Fake Accounts Settlements Nears $5 Billion Mark

Wells Fargo will pay $1 billion to settle an investor lawsuit tied to authorized customer accounts. The settlement was approved Friday (Sept. 8) by U.S. District Judge Jennifer L. Rochon and...


September 08, 2023
This Week in AI: Deepfakes, Vertical Horizons and Smarter Assistance 

Is it Moore’s Law, or more’s law?  Anyone keeping an eye on the generative artificial intelligence (AI) landscape could be forgiven for confusing the two.  This, as another week has...


September 08, 2023
Ant Group Launches Specialized Large Language Model for Finance Industry

Ant Group has launched a financial large language model (LLM) and two applications that it powers in the China market. The financial LLM is a specialized language model that has been...


September 08, 2023
Unmasking Digital Imposters Is Rising Priority for Industrial Economy

Fraud moves fast, particularly within industries that have historically moved slowly. As legacy sectors like shipping, transportation and logistics begin to trade in the phones and fax machines for digital...


September 08, 2023
From Paper Trails to Digital Footprints: The Ongoing Evolution of...

In today’s digital age, money talks in bytes, not bills.  And PYMNTS has been closely tracking the “What’s Next” in digital payment trends as money movement increasingly evolves from greenbacks...


September 08, 2023
Health Care Staffing Exec Charged With Wage-Fixing

A federal grand jury in Las Vegas has issued a revised indictment, alleging that a healthcare staffing executive conspired to manipulate the wages of Las Vegas nurses and then engaged...


September 07, 2023
Report: Former FTX Executive Ryan Salame to Plead Guilty

Former FTX executive Ryan Salame reportedly plans to plead guilty to criminal charges related to the collapse of the cryptocurrency exchange. This development comes just weeks before the trial of FTX co-founder...


The Path to FinTech Profitability Must Be Fraud-Proof
Threat of Deepfakes Drives Two-Thirds of FinTechs to  Boost Fraud Budgets With rising FinTech fraud and convincing deepfakes threatening their bottom lines, more than two in three FinTechs plan to expand their budgets to deploy tech that can detect true human liveness, as discussed in the latest PYMNTS “FinTech Tracker®,” a collaboration with Sezzle.
Improving Financial Performance: Challenges Driving Spend Management System Adoption
Spend Management Headaches Push SaaS Firms to Automated Systems A new PYMNTS’ survey of 225 SaaS firm executives for the “Improving Financial Performance: Challenges Driving Spend Management System Adoption” report, an Airbase collaboration,  showed that accessing real-time data is so challenging when managing non-payroll spend that 76% said they’d pay for a system to help.