April 08, 2024
Oracle Introduces AI-Powered Anti-Money Laundering Service for Banks
Oracle Financial Services introduced an artificial intelligence-powered cloud service that helps banks mitigate anti-money laundering (AML) risks. The new Oracle Financial Services Compliance Agent “identifies and remediates vulnerabilities,” the company said in a...
April 04, 2024
FinCEN’s Look at Banks’ Customer ID Efforts Points the Way...
The fraudsters are wilier than ever. The dark web offers all manner of details up for sale, from email addresses to Social Security numbers. And for banks, the key point...
March 28, 2024
FinCEN Seeks Comments on Modernizing Customer Identification Program Requirements
The Financial Crimes Enforcement Network (FinCEN) requested comments on its Customer Identification Program (CIP) requirements for banks. The agency is exploring ways to modernize these requirements and has issued a request for information on...
March 26, 2024
Seven in 10 Financial Institutions Use AI and ML to...
Recently, PYMNTS sat down with an array of experts and innovators in the artificial intelligence (AI) field to get their thoughts on how the technology will transform the payments and...
March 13, 2024
5 Trends These AI Experts Think Could Change Payments and...
For businesses at the forefront of their industries, artificial intelligence (AI) has become unavoidable. An unavoidable certainty, that is. That’s why, for the past five months, PYMNTS has been sitting down...
March 13, 2024
Scam Factories Exploit Advanced Tech to Amplify Payments Fraud
Scam factories, where perpetrators themselves are victims of a system they help perpetuate, present a significant challenge to the integrity of global financial networks, resulting in an estimated $75 billion...
March 12, 2024
UK Publishes Draft Legislation to Combat Authorized Push Payment Fraud
The government of the United Kingdom has published draft legislation that would allow payment service providers (PSPs) to delay outbound payments processing by up to four business days when they...
March 06, 2024
Leonteq Says It’s Not Aware of French Regulators Reporting Irregularities
Swiss-listed investment services company Leonteq said Wednesday (March 6) it was unaware that French regulators told prosecutors of possible irregularities at the firm. The firm told Reuters this after being asked...
February 29, 2024
G20 Lays Out Cross-Border Payments Roadmap
In 2020, the G20 leaders endorsed a roadmap to improve cross-border payments experiences and infrastructure. The goal was to make cross-border payments cheaper, faster, more transparent, and accessible by 2027 — and...
