January 10, 2024
VC Investment in Crypto Plunged Amid Scandal and Regulatory Issues
The year 2023 proved to be a challenging period for cryptocurrency startups, as scandal and regulatory issues took a toll on fundraising efforts. Venture capital investment in the crypto industry...
January 10, 2024
Thunes Picks Former Worldpay Exec Floris de Kort as CEO
Cross-border B2B payments firm Thunes has named a new chief executive. Floris de Kort, a veteran of companies such as Worldpay, has been chosen as the Singapore-based company’s CEO. He replaces Peter De...
January 10, 2024
Emerging Challenges of Generative AI in Finance
The financial services sector has long served as the proving ground for the application of emerging technologies. The current era of disruption is no exception to this history. Generative artificial...
January 09, 2024
Crypto Firms Fined $5.8 Billion in 2023 For Loose Financial...
Cryptocurrency and FinTech companies were fined $5.8 billion in 2023 for lax financial controls. That figure marks the first time fines against these groups exceed those against traditional finance firms,...
January 08, 2024
New York State Comptroller Raises Concerns About Crypto-Focused BitLicense Program
The Office of the New York State Comptroller raised concerns about the Department of Financial Services’ oversight of the cryptocurrency industry. The office released a report earlier this month that...
January 08, 2024
Canada Taps AI as Suspected Money Laundering Efforts Spike
Canada is reportedly upping its use of artificial intelligence (AI) to combat money laundering. Donna Achimov, deputy director of the country’s Financial Transactions and Reports Analysis Centre (FINTRAC) told Reuters Monday (Jan....
January 08, 2024
Canada Boosts Anti-Money Laundering Efforts with AI”
In a bid to bolster its efforts against financial crimes, Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC) is increasingly turning to artificial intelligence (AI) to detect suspicious transactions. The...
January 05, 2024
Misinformation Fears Surge as Increasing Gen AI Use in Finance...
Generative artificial intelligence (AI) is continuing to evolve. From predictive algorithms to personalized recommendations, AI has woven itself into the fabric of consumers’ daily lives, reshaping industries and transforming how...
January 05, 2024
Network Tokenization and Digital Identities Are Quietly Transforming Payment Security
One innovation above all others dominated the headlines in 2023: artificial intelligence (AI). But while AI, particularly its impact on the payments landscape, captured public eyeballs and enterprise attention, other...
