Search results for "fraud"

January 26, 2023
FTX’s 116-Page Creditor List Includes Netflix and Apple

A newly released list of FTX’s creditors reveals the scope of the bankrupt cryptocurrency company’s collapse. The 116-page document, filed by the company late Wednesday (Jan. 25), shows that FTX...


January 26, 2023
27 Payments Execs on 2023’s Data-Driven Roadmap

It already feels different, and 2023 is just one month old. What can we expect? FinTechs and financial institutions are focused on financial wellness initiatives in 2023 to help beset...


January 25, 2023
Crypto Banks Hit Reset While Shedding Risky Innovation Ambitions

Smaller banks that sought to serve once-hot sectors like cryptocurrency are now exiting those verticals. This, as long-time crypto industry partner Silvergate Bank reports steep quarterly losses tied to $8.1...


January 25, 2023
Inscribe Raises $25M to Expand Fraud Detection Capabilities

Inscribe has raised $25 million to expand its fraud detection capabilities and introduce risk intelligence tools. The new Series B capital brings the firm’s total amount raised to $38 million,...


January 25, 2023
Report: BlockFi Had Undisclosed $1.2B Tie to FTX

Bankrupt crypto firm BlockFi reportedly had over $1.2 billion in assets tied to FTX. That means the digital asset lender’s exposure to FTX and its companies was greater than earlier...


January 25, 2023
Circle Blames SEC for Collapse of $9B SPAC

Stablecoin company Circle says the SEC is to blame for its failure to go public. The company told the Financial Times (FT) in an interview published Wednesday (Jan. 25) that...


January 25, 2023
Insurers’ Biggest Risk Is Their Own Legacy Claims Process

A challenging economic landscape is putting pressure on the insurance industry. From companies providing automobile coverage to those offering home insurance, the industry is expected to have low premium income...


January 25, 2023
Firms Hope to Win With Receipt Data Solutions but Implementation...

Leveraging the full value of item-level receipt data in a simple, secure way enables financial institutions (FIs), FinTechs and merchants to provide the rich, seamless commerce and banking experiences today’s digitally...


January 24, 2023
Disparate Businesses Find Common Trade Solutions in Interoperability and Real-Time...

Operations across international borders inherently add layers of complexity and fees to B2B operations. Yet despite historical speedbumps to global expansion, innovations in real-time payment (RTP) networks and digital-first interoperability...


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.