Search results for "fraud"

January 17, 2023
Bitcoin Rallies to Pre-FTX Levels as Exchange’s Creditors Find Billions

Bitcoin broke $21,000 for the first time this year, and FTX’s management uncovered more assets. This, as the group of affiliated FTX Debtors announce they’ve identified $5.5 billion in liquid...


January 17, 2023
New Year, New Tech Solutions for Cross-Border B2B Friction Fighting

As businesses look to expand abroad, digital modernization can stop bad history from repeating itself. Aging tech infrastructure and outdated software can hamstring critical business operations and lead to customer...


January 17, 2023
AU10TIX Appoints Tech Industry Veteran Dan Yerushalmi as CEO 

AU10TIX has appointed tech and security industry veteran Dan Yerushalmi as its new CEO. The Israel-based provider of automated identity verification and identity management solutions said in a Tuesday (Jan....


January 17, 2023
‘Translating Issues’ Delay Vote On EU Crypto Law

Technical issues are reportedly behind the second delay surrounding the passage of the EU’s landmark crypto legislation. A vote on the Markets in Crypto Assets Regulation, commonly referred to as...


January 17, 2023
US Military Contractor Pleads Guilty To Bid Rigging

A Texas military contractor pleaded guilty on Jan. 12 to rigging bids on public military contracts in the state of Texas. According to court documents, Aaron Stephens, 53, conspired with...


January 17, 2023
Robinhood Debuts Sherwood Media to Cover Finance News

Trading platform Robinhood is getting deeper into the news business. The company, which has long offered the financial newsletter Snacks, said Tuesday (Jan. 17) it had formed Sherwood Media, a...


January 17, 2023
Lynk Offers Pay By Bank to Help Smaller Retailers

Payments platform Lynk has added Pay by Bank to its portfolio due to high customer demand. The feature lets businesses reduce their credit card processing fees and get immediate access...


January 17, 2023
Nexi Signs 5-Year IBM Contract to Modernize Core Infrastructure

Nexi has signed a five-year agreement with IBM to modernize its core payment processing platform. The partnership will see the Milan-based European payment technology firm deploy IBM’s z16 technology platform to...


January 17, 2023
Blockchain Missing Use Case at Scale Bank of America CEO...

Bank of America CEO Brian Moynihan claims the company has “hundreds” of blockchain patents.  The issue in deploying the technology behind those patents? The all-important fact is that there exists little regulation...


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.