PYMNTS

NOVEMBER 30, 2020

While the business email compromise (BEC) scam is a global pain point for businesses, this week's B2B Data Digest looks at the latest figures in B2B payments fraud and finds BEC heating up in one particular region: Australia and New Zealand. In total, about $104.5 million erroneous payment resulting from a BEC scam.

Fraud 177

Fraud Cyber Security Data Software 177

PYMNTS

DECEMBER 6, 2020

Pioneer Bank has joined the number of firms filing lawsuits over the continuing and complex MyPayrollHR/ValueWise scandal, which a report from the Daily Gazette calls one of the largest in Capital Region history. The actions had gone unnoticed for years.

Fraud 208

Fraud Regional System Report 208

PYMNTS

FEBRUARY 28, 2020

In a report titled “The Dark Side of Latin America,” IntSights, which monitors cyberthreats, said Latin America is among the top regions for money laundering, done at least in part through cryptocurrency, and that such tactics are favored by organized crime.

America 217

America cryptocurrency Regional ATM 217

PYMNTS

FEBRUARY 18, 2020

The region also experiences some of the highest fraud rates, in both finance and eCommerce. percent of web-sourced revenue in the region is lost to fraud, according to CyberSource. The area is projected to be a $72 billion market for FinTech in 2020, at an CAGR of 72.5 An average of 1.6

Regional 171

Regional Lending Fraud Maine 171

PYMNTS

MARCH 23, 2018

Jewel Paymentech has forged a capital alliance with Japan’s largest payment processor, GMO Japan, which will be leading the startup’s Series A+ funding round, along with existing backer Tuas Capital Partners. The support will enable the Singaporean startup to make its entry into the highly challenging Japanese market.

Marketing 101

Marketing Fraud Regional Capital 101

PYMNTS

DECEMBER 30, 2020

Automating card data collection and processing and single-use virtual cards also reduce the potential for fraud, as staff are never exposed to card data and the scope for storing sensitive card information is eliminated. Competitive Advantage Of STP .

Cards 262

Cards Regional Payments Data 262

PYMNTS

NOVEMBER 9, 2018

In the Asia-Pacific region, that tally stands at about 38 percent. Faster Payments/Faster Fraud in the UK? As the United Kingdom moves to embrace faster payments, notes securityboulevard.com, transactions are irrevocable and so new fraud schemes may be on the rise. Fraud Down Under.

Cards 150

Cards Fraud Policies Ohio 150

PYMNTS

MARCH 8, 2017

The second largest transaction came in the cybersecurity and fraud space, where Palo Alto Networks bought LightCyber, which aids in attack detection, for $105 million. Looking at the regional breakdown, the U.S. Other regions notched only single-digit percentage rates. held sway with 83 percent of the investments for the week.

Mobile 108

Mobile Marketing San Francisco Fraud 108

CB Insights

MAY 23, 2019

Below, we take a look at some of these frauds and the lessons they can teach entrepreneurs hoping to launch their own products, companies, and funds. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. Crescent Ridge Capital Partners’ elaborate Ponzi scheme.

Fraud 78

Fraud Las Vegas Company Video 78

PYMNTS

JUNE 28, 2018

But the recent thefts, along with other attempted and completed cyberattacks, demonstrate why payments officials in the region are expressing fresh concern about financial security there. Fraud is a Top Worry. Evidence of that comes from Swift’s Latin America Regional Conference , held earlier this month in Miami.

America 102

America Security Miami Conference 102

PYMNTS

MARCH 1, 2019

Cybersecurity returned to the top of the B2B startup investment list as three companies in the enterprise security realm landed nearly half of the $246 million in B2B venture capital this week. Commerce Ventures, Flint Capital, Two Sigma Ventures, Synchrony and Sorenson Capital also participated, according to reports.

Security 189

Security Capital Analytics Software 189

PYMNTS

NOVEMBER 4, 2019

have resulted in a delay for legislation that is now in draft form, which would include a provision to tax larger tech firms that derive sales from the region. The bill would also include provisions that would limit the amount of capital losses firms can use to offset against profits. Looking At First-Time Payments. I n The States.

Taxes 101

Taxes Fraud Data Regional 101

Abrigo

JULY 14, 2023

Analysis should be performed on concentrations, as a percentage of capital, in terms of: (1) Collateral type such as multifamily, retail, office, etc. (2) How has the commercial real estate market performed, and how it is performing today by collateral type in your region/market? CRE concentration report. Industry borrower data.

Strategy 195

Strategy Data Analytics Analysis 195

PYMNTS

SEPTEMBER 20, 2016

The business is backed by Sequoia Capital and PayPal founders Peter Thiel and Elon Musk. While a country of only 5 million people, Singapore is a a digital force, especially with it being the regional headquarters for Facebook, Twitter and Google. Singapore’s eCommerce market, according to analysts, is projected to increase to $5.4

San Francisco 100

San Francisco Bitcoin Regional Apple 100

PYMNTS

APRIL 23, 2019

The solution allows sellers to obtain capital on the same day of shipment to shorten accounts receivable days sales outstanding periods and to enhance cash flow. The supply chain finance platform deploys risk analytics as well as automated customer selection, fraud mitigation and credit scoring for users, the company noted.

Mobile 116

Mobile Regional Analytics Compliance 116

PYMNTS

FEBRUARY 10, 2017

With a goal of expanding its presence across the Nordic region, Enterpay, based in Finland, has raised new funding from NFT Ventures, the companies said Monday (Feb. Capital Float. million , India’s Zen Lefin, better known as Capital Float, will expand its abilities to lend to SMEs. B2B Payments. Alternative Lending.

Fintech 100

Fintech Capital Lending Data 100

PYMNTS

JUNE 23, 2017

More than $30 million in venture capital stuck around the U.K., million in Series A investment funding led by Propel Venture Partners; Freestyle Capital, Compound, Upside Partnership and Transmedia Capital also participated. and Italy, bringing its employee spend management tools into new regions. Enterprise Security.

Fintech 171

Fintech Marketing New York City Capital 171

FICO

JUNE 15, 2023

Now, I can practically send, transfer, or pay by accident by simply looking at my smartphone, which can make fraud prevention a real challenge. They can attract capital just like real banks and do damage to prudent savers moving precious assets from, for example, an impacted regional bank to a fake one that convincingly poses as legitimate.

Fraud 52

Fraud South Carolina Survey Management 52

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. billion bank in the Mid-Atlantic region.

Fintech 194

Fintech Community Regional Technology 194

PYMNTS

JANUARY 1, 2021

The year-over-year increase in cross-border online sales was even more dramatic in other regions. Featuring NICE Actimize and Zelle , this report showed that this year was tough on the fraud front as financial crime stressed FIs that were already confronting the pandemic, economic struggles and an unpredictable political climate.

Trends 259

Trends Video Retail Payments 259

PYMNTS

JUNE 13, 2019

Beyond the spin-off and name change comes some brick-and-mortar evolution and regional focus, as the firm opened a new headquarters in Amsterdam earlier this year, focused on sales and marketing efforts. There’s no way to source all of those elements together in one country, let alone a region like the EU or Asia-Pacific,” said Eleveld.

UX 124

UX Fraud Regional Operations 124

Abrigo

OCTOBER 3, 2014

His comments are not only applicable to his geographic region, but for sole props and firms across the country. In the wake of several widely publicized fraud scandals over the last dozen or more years, such as Enron and Lehman Brothers, regulation of the accounting industry has come to the forefront of the public’s attention.

New Jersey 270

New Jersey social media Industry Regulation 270

PYMNTS

OCTOBER 21, 2020

The newest version brings together tank capacity, in-the-moment truck location and tank-level information into the fuel card authorization flow to assist in preventing monetary losses connected with driver theft and card fraud. The news comes as an SAP Concur study determined that the Asia Pacific region could encounter as much as $21.5

Cards 130

Cards Innovation Management Fraud 130

PYMNTS

FEBRUARY 2, 2018

The financial institution (FI) joins a growing list of banks issuing similar policies, including Capital One Financial Corp. Despite CEO Jamie Dimon referring to bitcoin as a “ fraud ” in 2017, JPMorgan Chase & Co. The anti-crypto policy will apply to both business and personal BofA-branded cards. and Discover Financial Services.

America 113

America Cards cryptocurrency Bitcoin 113

PYMNTS

OCTOBER 17, 2019

million in a funding round that was led by Pangaea Ventures and Happiness Capital. According to recent PYMNTS research , illicit and counterfeit goods make up a multibillion-dollar fraud industry, with merchants suffering $323 billion in total losses from counterfeit products in 2017. Now, the company reportedly has raised $7.5

Fraud 101

Fraud Innovation Technology Mobile 101

PYMNTS

JANUARY 17, 2018

Trend Lab was established in less than three months by its Founder and CEO Tin Mok, reports said, who wants to enhance FinTech across Hong Kong and the Asia-Pacific region. Hong Kong has emerged as a hotbed for FinTech innovation, especially when it comes to technologies like blockchain.

Trends 116

Trends Big Data blockchain Regional 116

PYMNTS

OCTOBER 17, 2019

million in a funding round that was led by Pangaea Ventures and Happiness Capital. According to recent PYMNTS research , illicit and counterfeit goods make up a multibillion-dollar fraud industry, with merchants suffering $323 billion in total losses from counterfeit products in 2017. Now, the company reportedly has raised $7.5

Fraud 101

Fraud Innovation Technology Mobile 101

PYMNTS

MAY 22, 2018

A bill that would give regional banks a break on regulation was before the U.S. Groshans said that such financial institutions as Zions, Regions Financial, Citizens Financial, Huntington, American Express and Keycorp would benefit from the law. The Economic Growth, Regulatory Relief, and Consumer Protection Act , S.

Regulation 100

Regulation Regional Community Innovation 100

Gonzobanker

AUGUST 17, 2022

Plaid acquired ID verification and KYC/AML compliance platform Cognito Mitratech Holdings acquired compliance risk and vendor management solution Continuity Mitek acquired KYC onboarding and analysis solution HooYu Equifax acquired post-transaction fraud solution Midigator.

Fintech 184

Fintech Lending Software Compliance 184

Jack Henry

APRIL 30, 2014

In light of the ATM cash-out schemes that had taken place recently, an alert was issued to provide details on how this type of fraud had occurred, the risks presented to financial institutions (FIs), and what FIs could do to mitigate these risks. Regional Coalitions. Secret Service Electronic Crimes Task Force (ECTF). FBI InfraGard.

Fraud 88

Fraud Cyber Security ATM FDIC 88

Celent Banking

SEPTEMBER 30, 2015

Celent has been collaborating to help create the fintech ecosystem in the Latin American region since its inception and I had the honor, for 2nd time, to judge the fintech start-ups participating in the BBVA Open Talent, which brought the Latin American finalists into town as part of Finnosummit. Discover the finalists of all regions here.

America 100

America Fintech Big Data Regional 100

PYMNTS

OCTOBER 10, 2017

“Although the rate of adoption is good, corporates are not leveraging all the benefits of the digital transformation to provide new propositions to their clients, to help them move away from checks and increase overall efficiency in reconciliation and fraud,” the report concluded. Regional Trends. What’s Holding Them Back.

Payments 124

Payments Regional America Trends 124

CB Insights

AUGUST 3, 2017

Latin America fintech companies are creating solutions aimed at rethinking banking, lending, and payments in the region. We used the conventional definition of Latin America to include all countries in the following regions: South America, Central America, the Caribbean, and Mexico. 500 Startups, Kaszek Ventures, Lead Edge Capital.

Company 65

Company Fintech Comparison Marketing 65

PYMNTS

NOVEMBER 29, 2019

Chris Douvos of investment firm Ahoy Capital told The Wall Street Journal , “We’ve been in the middle of a rollicking party that’s gone on for five years and someone has snapped on the light switch.” Rowe Price and Discovery Capital. How Ticketmaster Uses AI To Sort Fans From Fraudsters (DataVisor Digital Fraud Tracker).

Google 129

Google Mobile Data Capital 129

PYMNTS

JUNE 2, 2016

APEX Analytix , which focuses on supply chain management and optimizing the use of working capital, late last month announced the newest release of its FirstStrike SmartVM, which is software geared toward sourcing, scrubbing and simultaneously cleaning data that flows across corporate clients’ transoms about their suppliers.

Data 100

Data Analytics Fraud Taxes 100

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. For one regional bank working with IBM, this means a focus on credibility that capitalizes on the bank’s credit risk and specialty lending services.

Compliance 177

Compliance Regional blockchain Technology 177

PYMNTS

MARCH 11, 2019

In the wake of a slew of European money laundering scandals, deposits in the euro zone region from foreign countries dropped significantly in the latter half of 2018. Reuters reported that money laundering cases are often associated with large amounts of foreign deposits and uneven capital flowing between borders.

Regional 148

Regional Examples Capital Regulation 148