The Commodity Futures Trading Commission (CFTC) will be taking a closer look at cybersecurity, emerging technology and environmental fraud. Those will be among the issues addressed by two new task forces comprised of attorneys and investigators, the CFTC said in a Thursday (June 29) press release. “We must...
CSI and Hawk:AI have partnered on artificial intelligence (AI)-powered tools to combat financial crimes. The new collaboration adds Hawk:AI’s anti-money laundering (AML) and fraud prevention technology to CSI’s latest end-to-end FinTech and RegTech products, the companies said in a Tuesday (March 28) press release. “Rules...
Today’s challenging climate has businesses prioritizing investments in systems deemed crucial for the long haul. This, as research in PYMNTS’ 2023 “B2B Payments Fraud Tracker” found that 71% of businesses report needing additional digital fraud solutions. “It’s time for FinTechs to kind of grow up,” SendFriend...
Abu Dhabi regulators are embracing digital technologies to streamline doing business in the Emirate. Last month, for example, the Abu Dhabi Department of Economic Development launched a digital platform connecting free zones known as the e-link in order to make doing business in the Emirate...
October 24, 2023
The not-so-secret sauce in the 21st century’s growth engine is a mix of digital innovation and data-decisioning. Digital innovations beget digital gains, and while the world is changing faster and faster, payments sector innovation is keeping pace, driven by parallel advancements in technological capabilities and shifts in consumer behavior. “With the increased digitization of everything, […]
September 06, 2018
Compliance and risk? The top of any FinTech’s to-do — and to-keep-doing — list. Automating that compliance is now a “need to have.” The age of technology is, of course,...
July 02, 2018
Bank of America is being sued for $120 million after failing to flag large deposits into small accounts, which were cleared a few days later. Previously, U.S. Bank was fined...
June 25, 2018
Can RegTech create strategic advantage? Can it allow firms to (gulp!) take on more risk? Marry tech and talent, says Crowe Horwath Principal Clayton Mitchell, and the limits can be...
June 29, 2023
The Commodity Futures Trading Commission (CFTC) will be taking a closer look at cybersecurity, emerging technology and environmental fraud. Those will be among the issues addressed by two new task forces comprised of attorneys and investigators, the CFTC said in a Thursday (June 29) press release. “We must be dynamic and proactive in protecting derivatives markets against evolving […]
March 28, 2023
CSI and Hawk:AI have partnered on artificial intelligence (AI)-powered tools to combat financial crimes. The new collaboration adds Hawk:AI’s anti-money laundering (AML) and fraud prevention technology to CSI’s latest end-to-end...
August 22, 2022
FinTech and RegTech solutions provider Computer Services Inc. (CSI) is set to be purchased by a pair of investment firms for $1.6 billion, the company announced Monday (Aug. 22). According...
January 06, 2022
The FinTech and RegTech solutions provider Computer Services Inc. has joined forces with the bitcoin company NYDIG to offer bitcoin services to community financial institutions. “Powered by NYDIG, the new...
