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MAY 22, 2020

Albania’s Parliament has signed a comprehensive law to regulate the conditions for licensing all activity of cryptocurrency in the country. She said she wanted to allow for the best use of the technology, but also prevent against harmful violations like fraud or the funding of terrorism or other crimes.

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PYMNTS

AUGUST 2, 2019

Data storage firm Seagate revealed that it has moved its anti-fraud blockchain project with IBM into the pilot stage. The technology could also be used to verify that any returned drives have undergone a “certified erase” process to remove any user data.

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blockchain Fraud Data Report 148

PYMNTS

MARCH 11, 2019

CULedger , a credit union, has inked a partnership with IBM to create blockchain services geared toward credit unions. According to a report in Fintech Futures , the idea behind the project is to use permission-based blockchain technology so credit unions can reach more members that don’t have access to financial services.

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Bank Innovation

SEPTEMBER 27, 2017

Fintechs are partnering with banks, banks are using blockchain technology, artificial intelligence, and cryptocurrency and financial regulation is still undergoing massive changes. 2017 has been a […].

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PYMNTS

SEPTEMBER 12, 2019

Facebook’s Libra project has renewed focus on how cryptocurrencies are regulated, with current rules on the sector patchy and varying from country to country. The latest AMC/KYC Tracker examines current efforts to stop money laundering, fight fraud and improve customer identity authentication in the financial services space.

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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

MAY 22, 2019

With fraud ramping up, regulators around the globe are starting to take a closer look at everything from typical threats to the use of new technologies, like blockchain. Regulators in regions such as Europe are changing the ways they look at cross-border transactions. Around the Smarter Payments World.

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Fraud Payments Regulation Security 180

PYMNTS

JANUARY 29, 2020

The National Institute for Smart Governance (NISG) in India has published a report recommending that laws around blockchain should be based on what the technology does, and not the technology itself, according to a report Tuesday (Jan. said that national policy might not be enough in terms of crypto regulation. . “We

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PYMNTS

FEBRUARY 6, 2019

Proper care, consumer and insurance payments flow, and fraud prevention all depend on those factors. That leads us to the latest discussion about the potential role that blockchain can play in healthcare data. Then, regulators can see tangible use cases” that prove the appeal of blockchain in the healthcare space.

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PYMNTS

JANUARY 24, 2018

Bitcoin doesn’t necessarily have the blessing of government agencies, but what about blockchain? It seems governments are a bit more open to distributed ledger technology (DLT), though that doesn’t mean blockchain companies get a free pass with regulators. SEC Chairman Jay Clayton spoke Monday (Jan. Sullivan last year.

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PYMNTS

JULY 23, 2019

China’s banking regulator is introducing stricter requirements on banks and insurance institutions that provide supply chain financial solutions in an effort to curb fraud, according to China Daily reports last week. Regulators Step In. JD.com, Suning.com Spark Concerns.

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PYMNTS

JUNE 5, 2018

According to reports in CoinDesk , care of a Chinese government official, China’s central bank has completed its work on a blockchain-based system for digitizing checks issued domestically by businesses. If it gets used as security as part of a loan, that is also visible in its history recorded by the blockchain. ” .

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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

OCTOBER 19, 2017

Plenty of industries and companies are eyeing blockchain – the technology that enables cryptocurrencies, such as bitcoin – but when it comes to corporate investors, SBI, Google, Overstock.com, Citi and Goldman Sachs are standing out from the pack.

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PYMNTS

APRIL 14, 2017

The encrypted open source technology that records, stores and transfers information on a public forum in a secure manner to ensure no tampering takes place is truly unique. It’s one of the few technologies that has the potential to transform the way exchanges are made in different forms in today’s digital revolution.

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PYMNTS

MARCH 10, 2017

Blockchain technology is often used as the go-to source to enable faster and safer transactions, especially for smaller players in the retail market. One of the many challenges that typically arises when it comes to cross-border eCommerce payments is potential card-not-present fraud occurrences.

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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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Insights on Business

DECEMBER 7, 2017

In a landscape where new technology arises, gets implemented and goes mainstream in a heartbeat, I wanted to cover five of the most impactful trends currently impacting the FinTech industry today: 1. In finance, AI is helping detect and fight fraud before it can be detected by humans. Blockchain. Human Digital Interfaces.

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PYMNTS

OCTOBER 18, 2019

Samsung SDS will reportedly launch a blockchain-based medical claims processing system this month. Technology is the future. If you look at five of the six largest companies in the world today, they are technology companies,” said Premier David Burt. “We In other news, Bermuda will now accept one-to-one U.S.

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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

NOVEMBER 4, 2020

billion via an ICO for the native currency of its Telegram Open Network blockchain infrastructure, the report stated. Meanwhile, an Australian lawmaker is advocating for use of blockchain technology, ZDNet reported. Lantah LLC had been defending the suit as of May 2018 following the time that Telegram landed $1.7

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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. ” Technological Troubles.

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JUNE 22, 2018

” In other news, Net1 Technologies has developed a smart card powered by blockchain technology that can work as a debit card, reports said. The technology also uses biometric verification to lower fraud risks — and make transactions easier.

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PYMNTS

NOVEMBER 10, 2020

Jane Larimer , Nacha President and CEO, said the company's "holistic and in-depth understanding of businesses’ payment and data challenges led to the development of Phixius, which was created to improve interoperability, standardization and automation while reducing fraud," the release notes.

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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. This month’s Deep Dive explores how platforms are leveraging artificial intelligence and other technologies to provide quick — and painless — customer identity verification.

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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

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

JULY 24, 2019

The division will also look at new way to use technology to address financial exclusion; identify and protect consumer data rights; and encourage innovations so that the state maintains its presence as a financial innovation hub. And the New York Times has revealed that it is planning to use blockchain technology to fight fake news.

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PYMNTS

OCTOBER 26, 2016

The “Fabric Of Our Lives” found itself softly in the hands of blockchain this week. Eighty-eight bales of cotton became part of, arguably, one of the biggest breakthroughs in blockchain this month, all through the first global trade shipment and transaction between independent banks depending on blockchain as a ledger.

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Illinois blockchain Technology Innovation 100

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MAY 14, 2020

The COVID-19 pandemic has triggered an uptick in digital fraud and identity theft, with 18,235 pandemic-related fraud reports received by the Federal Trade Commission (FTC) since the beginning of the year. Technology firms worldwide are working to meet the growing demand for reliable, remote and digital ID verification.

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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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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

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. 27) afternoon Eastern Time. The price of bitcoin was $13,750.90

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PYMNTS

AUGUST 8, 2019

On another note, EZ365 unveiled a plan to roll out an ecosystem based on the blockchain that brings together a crypto casino, digital asset exchange, blockchain educational portal and eSports betting, VentureBeat reported. The technology could allow for power charging payments that don’t require a person to get out his or her wallet.

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PYMNTS

JUNE 5, 2017

Last week we saw hackers prove there’s no such thing as vacation when there’s consumer data to steal, Wells Fargo continued its great rebuilding with a round of executive reorganization and Canadians said “no thank you” to the blockchain — but very politely, as is their custom. Chipotle will be liable for any fraud that results.

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PYMNTS

FEBRUARY 15, 2019

He went on to call it “a fraud,” and noted he would fire any trader caught messing with it for being “stupid.” He said he regretted calling bitcoin a fraud, and that the blockchain was a genuinely interesting technology with potential. Dimon, within a few weeks, had moderated his comments — some. Yesterday (Feb.

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PYMNTS

APRIL 13, 2020

In this context, the Dutch Authority of Financial Markets has turned to embracing FinTech players in the market to support SMBs, with the regulator’s latest approval going to Finturi. “I don’t know, but I have the impression we were one of the first companies using blockchain they approved,” he said.

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