Search results for "fraud"

March 06, 2023
AI Brings ‘Smart Logic’ to Payments Orchestration

Artificial intelligence can change the paths of payment and commerce. Literally. “There are many spaces [within financial services] that AI and machine learning can influence,” Andy McHale, senior director of...


March 05, 2023
DOJ Wants Bankman-Fried to Use 1990s Flip Phone Technology

Federal prosecutors want to send Sam Bankman-Fried back in time, technologically speaking. The U.S. Department of Justice (DOJ) has recommended that the accused cryptocurrency fraudster be limited to the use...


March 05, 2023
Binance.US’s Acquisition Of Voyager Digital Hits Various Roadblocks

Binance.US continues to have a bumpy road in its efforts to acquire Voyager Digital. The cryptocurrency trading platform — which is a separate entity from Binance Holdings but like that...


March 03, 2023
Binance.US Runs Into Continuing Objections to Acquisition of Voyager Digital

Binance.US continues to have a bumpy road in its efforts to acquire Voyager Digital. The cryptocurrency trading platform — which is a separate entity from Binance Holdings but like that...


March 03, 2023
Senators Warn Regulators on Zelle Fraud Risks

Five Senate Democrats are sending a warning on Early Warning Services’ Zelle. In a letter addressed to the Federal Reserve, the FDIC, the National Credit Union Administration and the Office...


March 03, 2023
Truzo Launches Africa-Focused Digital Escrow Service in UK

Truzo has launched its Africa-focused digital escrow service in the United Kingdom. Already established in South Africa, and approved by the Financial Conduct Authority (FCA) in the U.K., the service...


March 03, 2023
Persistent Fraud Has Smart Businesses Switching From Playing Defense to...

Fraud is unavoidable, and scams affecting today’s businesses only getting smarter and more sophisticated. With modern advances come corresponding vulnerabilities, and in the challenging macroclimate of today where every dollar...


March 03, 2023
Ongoing Crypto Crackdown Foreshadows Industry’s Uncertain Future

The cryptocurrency sector has yet to pull the proverbial magic rabbit from its top hat. The audience, having purchased tickets to the show, are now realizing they may leave empty-handed...


March 03, 2023
AI Critical to Making Business Payments Faster and Safer

“Real-time payments processing is becoming a reality in B2B,” Manish Jaiswal, chief product and technology officer at Corcentric, told PYMNTS. But as payments get faster, enterprises large and small will...


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.