Search results for "fraud"

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...


January 17, 2023
SYKY Raises $9.5M to Fund Digital Fashion ‘Renaissance’

Fashion brand SYKY has raised $9.5 million for its bid to build a blockchain-based luxury platform. “Fashion is on the verge of a renaissance, powered by technology and the next generation of creators,” Alice...


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 16, 2023
Former FTX US President Brett Harrison Starting New Company, Denies...

The former president of FTX is blasting the failed crypto exchange and its founder as he pivots to raising fresh funds for his new venture. That’s according to a 49-part...


January 16, 2023
Binance and Huobi Recover Some Funds From 2022 Harmony Hack

Cryptocurrency exchanges Binance and Huobi have recovered some of the funds stolen in last year’s hack of Harmony. “We detected Harmony One hacker fund movement,” Binance CEO Changpeng Zhao wrote...


January 16, 2023
Dutch B2B Payments Firm Sprinque Raises $6.5M

Amsterdam-based B2B payments platform Sprinque hopes to expand following a $6.5 million funding round. While it initially targeted merchants in Spain, Germany, and its home country, Sprinque now hopes to...


January 16, 2023
Binance’s Bahrain Launch Welcomed by Country’s Central Bank

Cryptocurrency exchange Binance is open for business in Bahrain. The world’s largest crypto exchange by volume said in a Monday (Jan. 16) press release it has launched binance.bh, a platform...


January 16, 2023
DOJ Investigating Saber Stablecoin Exchange Founders: Report

The Department of Justice is reportedly investigating the founders of Solana stablecoin exchange Saber Labs. The investigation targets brothers Ian and Dylan Macalinao, CoinDesk reported Wednesday (Jan. 11), citing people...


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.