September 18, 2023
SentiLink Launches New Intelligence Solution for Fraud Detection

SentiLink has unveiled a new offering aimed at improving financial fraud detection and enhancing proprietary fraud models for financial institutions. The new tool, Facets, provides feature-specific intelligence derived from SentiLink’s proprietary identity...

September 18, 2023
Report: Solid Financial Accused of Faking Revenue Numbers to Entice...

FinTech-as-a-Service firm Solid Financial is being accused of falsifying its revenue numbers to woo investors.  A lengthy report published Monday (Sept. 18) by FinTech Business Weekly said the company appears to have...

September 18, 2023
UK Regulator: AI’s ‘Positive Future’ Isn’t a Guarantee

The U.K.’s competition regulator thinks artificial intelligence can have a positive impact — when managed correctly. “There is real potential for this technology to turbo charge productivity and make millions...

September 18, 2023
Bank of America Gives CashPro Chatbot an AI Upgrade

Bank of America is giving its virtual service adviser CashPro Chat an AI-centered upgrade. The banking giant announced Monday (Sept. 18) that its business clients will now be able to interact...

September 17, 2023
Three FTX Celebrity Pitchmen Settle Investor Lawsuit

Three of FTX’s celebrity backers have settled a lawsuit filed by investors in the failed exchange. As Bloomberg News reported Friday (Sept. 16), Jacksonville Jaguars quarterback Trevor Lawrence and YouTube influencers Kevin Paffrath...

September 15, 2023
Ex-Wells Fargo Retail Banking Head Tolstedt Gets Probation

A former Wells Fargo executive has been sentenced to probation for her role in a scandal that rocked the bank in 2016. Carrie L. Tolstedt, a former head of retail banking at...

September 15, 2023
This Week in AI: Big Tech Comes to Capitol Hill,...

Another week, another growth spurt for the artificial intelligence (AI) sector. The U.S. Senate returned from its summer recess primed to tackle AI legislation with gusto — and countless hearings...

September 14, 2023
IRS Boosts Safeguards on Tax Credit to Prevent PPP-Like Fraud

The Internal Revenue Service (IRS) has placed a moratorium on processing new claims for the Employee Retention Credit (ERC), a pandemic-era relief program, aiming to prevent a recurrence of the sort of fraud that...

September 14, 2023
Report: Former Celsius Executive Pleads Guilty and Cooperates with Prosecutors

A former executive at now-bankrupt Celsius Network, Roni Cohen-Pavon, has reportedly pleaded guilty to criminal charges in the United States and has agreed to cooperate with prosecutors’ investigations. Cohen-Pavon, who served...