PYMNTS

OCTOBER 27, 2016

Blockchain technology could have major implications for B2B payments, and some of the top use cases for distributed ledger include cross-border payments and smart contracts. The use of blockchain for payment certification enables a new level of security in trade finance and other B2B payments that can be plagued by fraud.

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blockchain Payments Fraud Security 100

PYMNTS

FEBRUARY 3, 2017

For government institutions, perhaps the answer lies in the ability to share information in a secure fashion between individuals and institutions. The research showed that by 2018, nine out of 10 organizations will invest in the use of blockchain technology for financial transaction, asset and contract management and regulatory compliance.

blockchain 100

blockchain Technology Study Policies 100

PYMNTS

APRIL 22, 2019

An increasing number of customers want to onboard with retailers and banks through their mobile phones, putting greater pressure on businesses to provide robust, digital know your customer (KYC) checks and other security measures. How DraftKings Keeps Fraud Out of Fantasy S ports. Around the Digital Consumer Onboarding World.

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Fraud Security Online Video 143

CB Insights

SEPTEMBER 7, 2021

Blockchain companies raised more venture capital and private equity funding in H1’21 than any full year in history. download our best of blockchain research. download our best of blockchain research. But blockchain’s potential extends well beyond crypto and NFTs. First name. Company name. Phone number.

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PYMNTS

MARCH 10, 2017

Naturally, with ease of market entry into various parts of the world economy also comes security concerns. Blockchain technology is often used as the go-to source to enable faster and safer transactions, especially for smaller players in the retail market. and China alone was approximately $660 billion.

blockchain 108

blockchain Payments Retail Technology 108

PYMNTS

MARCH 22, 2016

Investors may be flocking to blockchain technology startups that are seeking out new ways to use the tool, but one startup just secured investment for making sure that the businesses using blockchain are doing so within the confines of the law. and secured $2 million in funding in 2014. The company is based in the U.K.

blockchain 100

blockchain Tools Compliance Security 100

PYMNTS

MARCH 11, 2020

FIs in the United Arab Emirates are also looking to get ahead of fraud with improved digital KYC practices. A consortium of UAE banks is developing a blockchain-based platform over which they could share information about authenticated customers. Taking A Local Approach To Fighting Money Laundering, Fraud Worldwide.

Fraud 150

Fraud Payments Guidelines Regulation 150

PYMNTS

OCTOBER 13, 2016

Regulation and compliance can be a tough space for many to wrap their heads around. As technology advances, the threat to digital security and identity protection becomes greater, forcing regulations to quickly adapt. Compliance Decoded. Why Compliance Is Going Social.

Compliance 100

Compliance blockchain Regulation Data 100

PYMNTS

JULY 11, 2016

There are a few schools of thought when it comes to the projected role and impact of blockchain technology on the global financial services space. On one side, some believe blockchain will disrupt the traditional banking system to the point of fracture, enabling the movement of money without the involvement of a financial institution.

blockchain 100

blockchain Compliance Security Technology 100

Insights on Business

OCTOBER 3, 2018

Advances in artificial intelligence (AI), blockchain, and cybersecurity are poised to transform the financial services industries. These technologies bring capabilities that speed risk modeling, automate fraud detection, ensure regulatory compliance, enable distributed trust, and protect sensitive financial information.

Industry 155

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PYMNTS

SEPTEMBER 12, 2019

The latest AMC/KYC Tracker examines current efforts to stop money laundering, fight fraud and improve customer identity authentication in the financial services space. The Cost of Compliance. The projected 2020 cost of AML compliance across all U.S. financial institutions (77 percent) for AML compliance.

cryptocurrency 116

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PYMNTS

JANUARY 30, 2019

In addition, how can they remain confident that they are in compliance with existing AML laws? Other companies are turning to blockchain to follow KYC rules. In France, a group of more than two dozen companies and five banks are testing a new blockchain-based solution known as CordaKYC. About The AML/KYC Tracker.

How To 170

How To blockchain Compliance Regional 170

PYMNTS

JANUARY 11, 2017

The Reserve Bank of India (RBI) says it’s time to embrace blockchain and adopt a digital currency for the country, according to a new report. Cost savings, mitigation of forex volatility, faster settlement, greater efficiency and reduced processing time are all some of the potential benefits of blockchain, the group added.

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PYMNTS

FEBRUARY 18, 2019

According to blockchain and cryptocurrency company BitRail , JPMorgan’s announcement was certainly a validating moment for the industry. Indeed, what will drive crypto adoption, Chell told PYMNTS, is in the technology’s ability to reduce payments friction, and integrate compliance and security.

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cryptocurrency Payments blockchain Compliance 175

Insights on Business

SEPTEMBER 17, 2016

Perhaps nowhere does this saying apply as well as it does to the growing interest and adoption of blockchain technology in the global banking industry. I’m as sure as I can be that blockchain represents an important new technology. And they’re prone to tampering and other forms of fraud. So is IBM urging its immediate adoption?

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blockchain Study Security Industry 70

PYMNTS

MARCH 22, 2019

Government moves at its own pace, for better or worse or both, but that pace can provide opportunities for fraud and expensive errors — mistakes and missteps that can cost hundreds of billions of dollars annually. I could use the app to build upon it, or build my profile” from other sources of data, such as Social Security data.

Mobile 100

Mobile Fraud Security Data 100

Insights on Business

MAY 1, 2018

While the advances in Payments processing are clear, there still remains a number of areas where further education is necessary, additional trust and security is required, and advances made in payments technology are still needed. Blockchain. Compliance. Enter, the Payments Canada Summit. Topics include: AI. Biometrics.

System 126

System Payments blockchain Fraud 126

Insights on Business

OCTOBER 10, 2017

Here is a preview of our focus at this year’s Sibos: Enterprise blockchain – IBM is leading the advancement of blockchain with many projects under way in financial services including foreign exchange payments netting , private equity administration , securities lending and trade finance.

blockchain 87

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PYMNTS

OCTOBER 23, 2018

As well, digital billing can help reduce healthcare fraud and errors in the $3.5 One is the increasing prospect of fraud, of criminals breaking into healthcare IT systems in search of patient data, the scope of which can enable identity theft in ways that are relatively easier than in other sectors. trillion-per-year healthcare space.

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blockchain Study Case Study Fraud 173

NCR

AUGUST 18, 2017

Over the past year or so, major banks across the world have begun investigating what blockchain technology can offer to their business, with many use cases now being piloted. Why banks are excited about blockchain. Financial institutions are exploring blockchain for its potential to reduce costs and streamline processes.

blockchain 75

blockchain Technology cryptocurrency Study 75

PYMNTS

APRIL 27, 2020

Employing professionals to build out AI solutions, integrate automation into customer flows, and develop blockchain-based offerings is costly, and banks that lean on these tools to attract customers without implementing the appropriate security protocols could find themselves plagued by fraud or faced with compliance challenges.

Digital Banking 248

Digital Banking Tools social media Mobile 248

PYMNTS

DECEMBER 28, 2018

Researchers this year released new data on banks’ KYC adherence that highlights just how imperative it is that the financial services industry is able to more adequately address the challenges of compliance. ” The Small Business Banking Impact.

Compliance 186

Compliance Regulation blockchain Taxes 186

Insights on Business

JUNE 18, 2018

Some important financial technologies are changing the way the world is doing business and that change is now reaching the securities industry. Another technology in discussion will be the ever prevailing blockchain technologies. At the SIFMA Fintech Conference this week these powerful technologies will be on display in the Big Apple.

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Insights on Business

DECEMBER 7, 2017

In finance, AI is helping detect and fight fraud before it can be detected by humans. Stacks of new compliance regulations are being fed into artificial intelligence systems like IBM Watson to help businesses stay on top of the ever-changing rules. Blockchain. Human Digital Interfaces. Gestures can be used to trigger an action.

Trends 145

Trends Technology Fintech blockchain 145

PYMNTS

JUNE 19, 2019

Increasingly, he added, spend compliance and control are driving organizations’ procurement digitization efforts. That information can be used to stay on budget, analyze supplier relationships, combat fraud and ensure that employees are spending company cash on the right products with the right vendors. Wielding Data.

Data 116

Data Guidelines Fraud Compliance 116

FICO

DECEMBER 17, 2020

According to a recent report , the total of cryptocurrency related frauds and thefts stands at a staggering $7.69b. billion lost in exchange theft and security breaches, and $4.8 billion of losses stemming from fraud, scams, and misappropriation of funds. This includes $2.8

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Insights on Business

NOVEMBER 19, 2018

Meanwhile, according to Euromoney , banks are leveraging artificial intelligence to detect and track fraud across their networks to help limit overall risk. Addressing Compliance: Artificial intelligence in banking must also address emerging compliance issues, such as those posed by HIPAA, GDPR and new California data privacy laws.

Compliance 177

Compliance Regional blockchain Technology 177

Insights on Business

MARCH 13, 2018

Regulatory pressure, in terms of policy changes and increased scrutiny, is forcing banks to seek technological changes and advancements to meet evolving regulatory and compliance requirements. This is resulting in financial institutions spending heavily on KYC, AML and surveillance solutions. New Approaches to Anti-Money Laundering.

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Abrigo

NOVEMBER 11, 2021

Monitoring this type of activity is where the keen eye of AML and fraud investigations professionals is crucial and where AML software can provide significant support. . Cybercriminals may target organizations with weaker security controls and a higher propensity to pay the ransom due to the criticality of their services.

Fraud 195

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Abrigo

NOVEMBER 11, 2021

Monitoring this type of activity is where the keen eye of AML and fraud investigations professionals is crucial and where AML software can provide significant support. . Cybercriminals may target organizations with weaker security controls and a higher propensity to pay the ransom due to the criticality of their services.

Fraud 195

Fraud cryptocurrency System Trends 195

Insights on Business

MAY 3, 2019

In a number of areas, further education is necessary, additional trust and security is required, advances in payments technology are evolving, and real time payments are still needed. It enables clients to quickly add value, stability and compliance to their operations and deliver secure real-time payments while significantly reducing costs.

Payments 87

Payments Fraud Security Innovation 87

PYMNTS

MARCH 29, 2019

The goals of any digital identity verification process or technology include stopping fraud in its tracks, preventing fake accounts from ever being opened and, at the most basic level, maintaining (and even building) a client’s reputation for trustworthiness. Yet, verify they must, McGibbon told Webster.

Handbook 171

Handbook Compliance Online Data 171

PYMNTS

JANUARY 22, 2019

21) that its blockchain-based gold supply chain ecosystem (RG SCA) has received Shariah-compliance certification, according to a press release. The usage of blockchain in delivering the solution to create a transparent and ethical ecosystem is timely. The data is then recorded instantaneously on EmTech’s blockchain.

blockchain 123

blockchain Community Risk Management Compliance 123

PYMNTS

SEPTEMBER 17, 2018

“Our current strategy is to prioritize the most preferred payment methods in each market, while keeping a close eye on consumer trends in areas such as financing large purchases, group payments, wallets and even blockchain.”. Building An Intuitive And Secure Experience. The Future Of Travel Payments.

Data 122

Data Analytics Security Payments 122

PYMNTS

NOVEMBER 14, 2019

But this expanded talent pool not only compounds the complexities and volume of payroll tasks, but as Guez noted, compliance can quickly turn into a headache. “It Compliance is still a major challenge. GDPR and similar legislation are tied with payroll because of all the personal data that goes into payroll calculation.

Payments 127

Payments Compliance Taxes Technology 127

PYMNTS

JUNE 26, 2018

Cybersecurity was once seen as purely a matter of technology, but more and more, security experts are bundling issues such as personal privacy, politics, business, ethics and risk into the package. enterprise data less secure. enterprise data less secure. What the firm found was that experts are concerned.

cryptocurrency 125

cryptocurrency Data Security Survey 125

Bank Innovation

DECEMBER 14, 2017

EXCLUSIVE – Financial crime detecting platform QuantaVerse has added a new AI-based service to allow its financial institutions and banking clients better detect fraud and other crimes through audit investigations, as these crimes continue to be a major concern for banks and non-banks alike.

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