PYMNTS

JULY 20, 2017

In the midst of today’s retail revolution, blockchain technology is being pushed up to the surface. E-Commerce’s increasing popularity over the last decade is likely the driver of blockchain technology implementation. Committing identity fraud is typically at the core of data-stealing schemes in an attempt to steal money.

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PYMNTS

JUNE 16, 2018

Russia’s corporate treasurers are working with the nation’s central bank on a blockchain initiative, reports in CoinDesk said Friday (June 15). The initiative eventually hopes to join banks and government agencies that collaborate on contract registration and regulation.

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PYMNTS

AUGUST 27, 2020

In other news, LVC Corporation , which operates LINE, is announcing the launch of two new products: LINE Blockchain Developers, a developer platform for blockchain services; and the BITMAX Wallet, for managing digital assets, a press release stated.

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PYMNTS

MARCH 10, 2017

With eCommerce in full swing, many retailers are looking to restructure many facets of their operations. 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.

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PYMNTS

JANUARY 5, 2017

As more banks, industries, companies and even retail brands take on and use blockchain technology in their business, there are the enhanced and innate elements of efficiency and security. “A But blockchain has also become a tracking mechanism, more so a cost-cutting measure for a variety of reasons. billion for a typical lender.

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PYMNTS

APRIL 14, 2017

Primarily, blockchain technology is being used in the finance world among various monetary entities to securely transfer bitcoins or make monetary transactions. The blockchain itself is an online ledger that allows two parties to exchange an agreed-upon valued means without the use of a third party like a bank.

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PYMNTS

OCTOBER 27, 2020

Blockchain industry stocks are on the rise as bitcoin reaches new heights, Seeking Alpha reported. HIVE Blockchain Technologies, Riot Blockchain and Marathon Patent Group are on the uptick, according to the report, which was published early Tuesday (Oct. UNICAS will begin operations this December, according to the post.

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PYMNTS

JANUARY 30, 2018

No one truly knows exactly where and how blockchain technology will make the greatest impact. Regardless of where blockchain makes its mark, what is certain is that corporates have to trust that a largely unfamiliar innovation will work the way it should; that means securely, efficiently and easily.

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PYMNTS

FEBRUARY 26, 2019

It was designed to settle transactions with clients of its wholesale payments operation, mainly for international and securities transactions related to blockchain. Dimon called bitcoin a “ fraud ” during the apex of the crypto boom. The bank said it supported crypto as long as it was properly regulated. “We

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PYMNTS

APRIL 22, 2019

How DraftKings Keeps Fraud Out of Fantasy S ports. Yet, if platforms want to participate, they must keep up with regulations and security requirements. The issue of balancing onboarding security with ease is top of mind for all companies operating in the gaming and gambling space. customers now onboard digitally.

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PYMNTS

MARCH 14, 2019

Both corporates and banks have said Know Your Customer ( KYC ) regulations are their most pressing compliance concerns, with nearly three-quarters of businesses with more than $1 billion in revenues pointing to KYC as their top challenge. ” and an overall rise in complexity of current regulations.

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PYMNTS

DECEMBER 2, 2019

Looking back at 2019, and at cryptocurrencies, we may well make the declaration that fraudsters got a lot more brazen … which may mean 2020 is the year lawmakers and regulators clamp down through a global, concerted effort to root out financial crime. billion in fraud and theft seen last year. billion number is a huge jump from the $1.7

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PYMNTS

JANUARY 30, 2019

They face the challenge of offering customers a smooth onboarding process while also remaining rigorous in know your customer (KYC) efforts, taking care to remain compliant with local anti-money laundering (AML) regulations that aim to keep criminals from using legitimate operations to move money illegally. In the U.K.,

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PYMNTS

AUGUST 28, 2019

Kadena has announced the launch of an upgraded version of its blockchain solution to the Microsoft Azure Marketplace. The “Kadena Scalable Permissioned Blockchain” is now available on Azure Marketplace for free. In other news, Gemini announced that it has joined the Silvergate Exchange Network (SEN).

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PYMNTS

DECEMBER 11, 2020

As goes banking, so goes fraud. PYMNTS December 2020 AML/KYC Tracker® done in collaboration with Trulioo probes the heightened fraud climate accompanying the mobile-digital shift, zeroing in on key aspects of prevailing in the digital fraud wars. It has ever been thus. Defending New Digital Currencies.

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PYMNTS

FEBRUARY 21, 2018

Governments may not be too keen on bitcoin, but blockchain is another story. In fact, government authorities have begun to help fuel the proliferation of blockchain across the world. Local officials are hoping to use blockchain to improve public services and boost transparency.

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PYMNTS

JANUARY 18, 2022

The CEO and CFO of the BitMEX cryptocurrency derivatives exchange announced today that they have reached an agreement to purchase a 268-year-old German bank in order to establish “a one-stop shop for regulated crypto products in Germany, Austria, and Switzerland.”. Regulated” is a word Höptner returned to repeatedly in the announcement.

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PYMNTS

FEBRUARY 14, 2019

CNBC said the move comes as at least some banking operations across the industry are transformed in part by blockchain , which might change the way everything from debt to cross-border payments gets done, and where speed is of the essence. CEO Jamie Dimon has also famously dismissed bitcoin as a fraud.

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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.

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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. Blockchain, too, could be employed in the interests of data security. We have a very agile platform.”

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PYMNTS

JUNE 6, 2019

Dutch billionaire John de Mol, who created the reality TV program “Big Brother,” is suing Facebook for allowing fake ads which used his name and image to commit bitcoin-related fraud that swindled 1.7 Aion Network has announced the launch of the world’s first JVM-compliant blockchain virtual machine. “We million euros ($1.9

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PYMNTS

FEBRUARY 18, 2019

which the institution plans to deploy in its corporate payments operation. According to blockchain and cryptocurrency company BitRail , JPMorgan’s announcement was certainly a validating moment for the industry. BitRail doesn’t yet operate in the B2B payments space. ” Confusion, Doubt Remain.

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PYMNTS

MARCH 20, 2020

But Michael Ellis, head of commercial at Equiniti Group’s EQ Riskfactor , said the market is also quickly discovering that lenders themselves can benefit from unlocking data to improve SMB financing operations, and the U.K.’s “Regulation around open banking has certainly been of great benefit to businesses in the U.K.,

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Accenture

FEBRUARY 22, 2017

It’s a welcome development: financial regulation’s been increasing in complexity since 2008…and so has the compliance challenge. Looking ahead, with new technologies like blockchain and smart contracts coming into play, the pace of regulatory change will accelerate even more. There are hidden costs too.

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Accenture

FEBRUARY 22, 2017

It’s a welcome development: financial regulation’s been increasing in complexity since 2008…and so has the compliance challenge. Looking ahead, with new technologies like blockchain and smart contracts coming into play, the pace of regulatory change will accelerate even more. There are hidden costs too.

Compliance 150

Compliance Regulation Innovation Fintech 150

PYMNTS

JANUARY 26, 2017

Faster payments initiatives, blockchain and other disruptions all show promise to make major changes in the B2B payments space. But while B2B payments continues to lag behind the B2C market in terms of innovation, analysts note that all sides will be facing challenges from regulation this year. Regulation Throws FinTech Off-Guard.

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PYMNTS

DECEMBER 24, 2020

Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Meanwhile, Visa said that crypto-banking platform operator Ternio had joined the payments giant’s Fast Track program as a cryptocurrency-focused enablement partner. Keeping An Eye On Fraud. Dollars Done Digitally.

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PYMNTS

SEPTEMBER 15, 2017

Hodlers have hodled through a hard fork in the blockchain, which spawned Bitcoin Cash on Aug. A hard fork is when the blockchain splits into two separate chains due to a radical change in protocol — often introduced to address a cybersecurity vulnerability. Last week, Chinese regulators went one step further and banned ICOs.

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Insights on Business

MAY 1, 2018

Global VP of Watson Financial Services, Vivek Bajaj, will kick it off with a keynote speech on how Cognitive and Blockchain are using regtech, augmented counter fraud and customer service and to ultimately, transforming financial services. Blockchain. Regulation. Topics include: AI. Biometrics. Compliance. Open Banking.

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PYMNTS

MARCH 23, 2018

The drop came as news surfaced that Japanese regulators were scrutinizing cryptocurrencies. And Chinese eCommerce retailer JD.com plans to roll out a new blockchain-as-a-service (BaaS) platform, CoinDesk reported. Bitcoin was trading at $8,505.18 as of 4:24 a.m., according to CoinDesk.

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PYMNTS

FEBRUARY 22, 2019

It also oversees OFAC sanctions compliance and anti-corruption compliance across all of MUFG Bank’s worldwide operations. 20), it was reported that MUFG was testing blockchain technology to digitize the paper check. From a bank’s perspective, we need to process these papers manually, including checking for fraud, etc.”

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PYMNTS

MAY 27, 2016

As for what else happened this week in bitcoin … Santander Takes Blockchain Cross-Border. bank to use blockchain for international payments, according to a Reuters report — and it is said to possibly bring the service to its customer base within the year. NASDAQ Launches Blockchain-Focused Financial Framework.

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PYMNTS

OCTOBER 23, 2018

The world might be growing smaller and more connected, but regulations and authentication methods can create issues for international businesses looking to expand globally. From an operational standpoint, a big part of it was about trying to drill down on the cost.”. Now, companies and even governments, from the U.S. to the U.K.

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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. . A customer uses a foreign-located CVC exchanger in a high-risk jurisdiction lacking or known to have inadequate AML/CFT regulations for CVC entities. Fraud Trends.

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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. . A customer uses a foreign-located CVC exchanger in a high-risk jurisdiction lacking or known to have inadequate AML/CFT regulations for CVC entities. Fraud Trends.

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NCR

JUNE 1, 2016

That’s surely the simplest way to describe the Internet itself, of course, but does it also apply to blockchain as a whole and Bitcoin in particular? They are fully aware of both the potential and the pitfalls of blockchain operations, and they know the subtleties between what it is, what it could be, and what it might be.

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PYMNTS

DECEMBER 1, 2016

bank regulator, information security has been a recurring headline in 2016. But blockchain provides a mechanism for digital identity, which can be attested by a trusted source. PYMNTS recently caught up with John to talk about blockchain, its security advantages and its ever-evolving dynamics. A long road to acceptance.

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