Search results for "fraud"

January 13, 2023
TeamApt Rebrands as Moniepoint; Opens London Office

TeamApt Inc. has become Moniepoint Inc., rebranding to reflect the name of its flagship digital banking product. In a press release announcing the rebranding on Friday (Jan. 13), the Nigerian FinTech company...


January 13, 2023
Biometric Authentication Can Help Merchants Reduce Fraud, but It’s Not...

Facial biometrics, bolstered by other advanced ID technology, may help merchants fight fraud with fewer recognition errors. As fraud continues to rise in 2023, merchants spend billions combatting scams, hacks...


January 13, 2023
FTX Venture Backers Look to Deflect Crypto Diligence Scrutiny

Blue chip investors’ relations with LPs and regulators have been strained by the FTX fiasco. They are now trying to save face and promising to do better next time around....


January 12, 2023
Butter Raises $22M to Help Subscription Merchants Combat Accidental Churn

FinTech Butter Payments has raised $22 million in Series A funding to fight accidental churn. Accidental churn — in which payments are falsely declined in an effort to stem fraud...


January 12, 2023
DOJ Investigating Saber Stablecoin Exchange Founders

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 familiar with...


January 12, 2023
American Express to Acquire Nipendo to Grow B2B Platform

American Express plans to buy Nipendo to help create an end-to-end B2B platform. The globally integrated payments company said in a Thursday (Jan. 12) press release that it has entered...


January 12, 2023
Report: DOJ Investigating Saber Stablecoin Exchange Founders

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 familiar with...


January 12, 2023
FTX Can Be Saved, Arrested Founder Blogs From Parents’ Home

While his colleagues admit their guilt, Sam Bankman-Fried is sticking to his “I’m innocent” script. This, as the disgraced founder and one-time CEO of the failed cryptocurrency exchange FTX takes...


January 12, 2023
Hack the Box Gets $55M to Fight Cybercrime

Hack the Box has gotten $55 million in its campaign to help businesses fight cybercrime. The U.K. company, which bills itself as a “gamified continuous cybersecurity upskilling, certification, and talent...


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.