January 24, 2023
Sandbar Gets $4.8M to Fund Fight Against Financial Crime
Sandbar says it has raised $4.8 million to enhance its financial crime detection software. The funding, announced by the New York FinTech Tuesday (Jan. 24), comes amid an uptick in...
January 24, 2023
Wafi Platform Powers Open Banking Payments for eCommerce Merchants
Wafi has launched a payment processing platform that lets eCommerce merchants accept online bank transfers. The new Wafi.cash provides these businesses with an application programming interface (API) to process bank...
January 23, 2023
FTX Prosecutors Seize $698M In Bankman-Fried Assets
Federal prosecutors have seized nearly $700 million in assets from disgraced FTX founder Sam Bankman-Fried. According to a Friday (Jan. 20) court filing, a bulk of the seizures were in the form...
January 22, 2023
FTX Prosecutors Seize Robinhood Shares From Bankman-Fried Assets
Federal prosecutors have seized nearly $700 million in assets from disgraced FTX founder Sam Bankman-Fried. According to a Friday (Jan. 20) court filing, a bulk of the seizures were in...
January 22, 2023
European Commissioner: Crypto Rules Needed Worldwide
Cryptocurrency regulations need to be implemented around the world. So said European Commissioner Mairead McGuinness, who said it’s great the European Union (EU) has become the first major jurisdiction to...
January 22, 2023
US Asks Judge To Hold Shkreli In Contempt For Flaunting...
US regulators asked a federal judge on Friday to hold Martin Shkreli in contempt for allegedly impeding its efforts to determine whether he flouted a ban on working in the...
January 20, 2023
Online Scam Complexity Is Paradoxically Keeping Banks’ Fraud Controls Offline
As long as banks have been around, they’ve been tremendously attractive targets for “robbers.” The tit-for-tat between bad actors chasing after bank deposits has evolved each century — and increasingly...
January 20, 2023
FTX Revival News Lifts Token and Adds Millions to Coffers
As FTX mulls a return to operations, its FTT token stash is growing more valuable. This, as the CEO tasked with steering the collapsed cryptocurrency exchange through its bankruptcy, John...
January 20, 2023
PYMNTS Intelligence: Technology Is Needed to Tackle Fraud and Safeguard...
In an increasingly online world, companies still relying on manual accounts payable (AP) and accounts receivable (AR) processes are struggling to keep up — in more ways than one. A...