Tech and Finance

JUNE 10, 2019

Department of Homeland Security last week released an update to its list of 16 critical infrastructures, which included financial services such as payments and clearing and settlement of securities. Valerie Abend, managing director, Accenture Security, said the department took a comprehensive view of security. “It

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Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Data privacy and security is a hot topic and is only getting hotter. By Katie Kuehner-Hebert. Bob Hickok.

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PYMNTS

OCTOBER 1, 2018

Both the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) have officially ended a two-year investigation of LendingClub, its subsidiary LC Advisors (LCA), its founder and former CEO Renaud Laplanche and its former CFO Carrie Dolan. In 2010, LendingClub added to its war chest with a $24.5 On Friday (Sept.

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PYMNTS

JANUARY 12, 2018

In fact, according to Rusty Carter, VP Product Management, Arxan , it can be even harder to keep these payments safe because they can’t be seen. Passwords, security questions, and even biometrics can’t protect users from that sort of attack — because it’s coming from inside the app itself. It’s almost like not spending money at all.

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PYMNTS

MAY 8, 2017

The authentication bypass vulnerability resides in an Intel chip feature known as Active Management Technology or AMT. According to a blog post published Friday by Tenable Network Security: “Authentication still worked,” even when the wrong hash was entered, Tenable Director of Reverse Engineering Carlos Perez wrote. “We

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FICO

SEPTEMBER 30, 2022

FICO has announced its panel of independent judges for the 2023 FICO® Decisions Awards , which honor businesses achieving outstanding results using analytics and decision management technology to grow their business, manage risk and reduce costs. Neeti Aggarwal, CFA senior research manager, The Asian Banker.

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PYMNTS

SEPTEMBER 26, 2016

The driving force behind the growth in non-cash payments, according to Capgemini, is due in part to strong economic growth in key developing countries, as well as increased security measures and government initiatives to engender electronic payments in certain markets. Europe and Brazil are still the top three leaders in the space.

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PYMNTS

JANUARY 19, 2017

Securities and Exchange Commission. In April, prosecutors announced they had indicted two former executives at State Street: Ross McLellan, a former executive vice president, and Edward Pennings, a former senior managing director in the bank’s London office. Under the terms of the settlement, State Street agreed to pay $32.3

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PYMNTS

SEPTEMBER 4, 2018

In its statement, the company said that it had uncovered “serious shortcomings” in its efforts to conduct customer due diligence at Dutch operations stemming from the period between 2010 to 2016. ING has said that it expects no further fines with the Securities and Exchange Commission.

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PYMNTS

MARCH 22, 2018

According to Equifax , Selander served as president and CEO of Mastercard from 1997 until 2010. Prior to Mastercard, he spent 20 years at Citibank, where he held several leadership positions, including managing parts of Citibank’s Consumer Financial Services business in the United States, Brazil, Puerto Rico and the United Kingdom.

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PYMNTS

JUNE 3, 2016

These days, retail merchants must reach customers, both in-store and online, securely and conveniently. Now that merchants are more responsible for fraud that happens in their stores, he said, “it’s our responsibility to teach them about these tools, like EMV, that can secure them and secure their businesses.

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PYMNTS

FEBRUARY 4, 2019

Banks, credit unions and other financial institutions have a significant responsibility, one that goes far beyond managing customers’ financial assets: They’re tasked with safeguarding the financial services ecosystem against bad actors, money launderers and other criminals. Following a joint investigation with U.S.

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Fintech Labs Insights

APRIL 12, 2024

I’m taking suggestions here (so far: crypto, BNPL, earned-wage access, chatbots, deposit networks).

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PYMNTS

SEPTEMBER 19, 2017

The latest report from Finastra , the FinTech conglomerate recently formed through the merger of Misys and D+H, and financial research firm Celent finds that banks are poised to see a 4 percent growth rate in corporate banking revenue through 2020, double the growth rate seen between 2010 and 2016.

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PYMNTS

AUGUST 13, 2018

In July, it was reported that HMNY arranged a short-term $6 million loan from Hudson Bay Capital Management , $5 million of which will go toward paying its partners. The glitch affected some accounts that were in the foreclosure process between April of 2010 and October of 2015. And they almost never go home.

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Jeff For Banks

DECEMBER 12, 2015

Aside from interest rate risk, vendor management is high on the list. If looking for a FinTech (seven) partner, follow your vendor management procedures. So I went to the Finovate 2010 Best of Show to see where these firms are now. And I've used gamified, Google Glass (so passe), Apple Pay, and the piece de resistance, Bitcoin.

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FluentBanking

APRIL 18, 2020

Such limits may be attained in two to three years (2010, 2011 and 2012, respectively) after making the course contents, reading materials, library facilities and coaching facilities available to the candidates.

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PYMNTS

JANUARY 7, 2020

Visner of the National Cybersecurity Federally Funded Research and Development Center (FFRDC) — managed by nonprofit MITRE , in support of the NIST National Cybersecurity Center of Excellence — said it’s important to put the cyberthreats, and Iran’s willingness to deploy them, in context.

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CB Insights

FEBRUARY 13, 2020

Brothers Patrick and John Collison founded Stripe in 2010 in an attempt to gain share in online payments, a then-nascent market with seemingly boundless growth opportunity. These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security. Fraud prevention tools.

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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. Some companies just push their luck a little too far. Total Funding: $1.1B.

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Gonzobanker

OCTOBER 27, 2022

While there is no modification to requirements related to interchange fees, this change will negatively impact banks’ and credit unions’ payments revenue and, likely, increase their fraud-related costs. Assess the fraud implications of the amended regulation. Consumers lost in 2010 and they will lose again in 2023.

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Javelin Strategy & Research

MAY 7, 2015

The roster of companies at the first Finovate show I attended in 2010 featured disruptors, partnership opportunities, and acquisition targets such as Bill.com , Expensify , Kabbage , Mint , and Pageonce (which rebranded as Check , and then was acquired by Intuit and renamed Mint Bills ).

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PYMNTS

SEPTEMBER 21, 2020

21), Commerzbank recounted in a statement that the transactions detailed in the FinCEN files are “based entirely on reports made by Commerzbank to the responsible authorities, mainly in the period 2010 to 2016,” and that the bank had reached a settlement in 2015 to pay regulators about $1.5 In one example, reported on Monday (Sept.

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PYMNTS

NOVEMBER 7, 2018

The investigation set in place by that activist group, tied to three hedge fund managers, found an elaborate system of shell companies and fake receipts that helped mask the multi-hundred million dollar siphon. A suit to block that deal ultimately led to the activist activity from the hedge fund managers. It’s Nothing New.

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PYMNTS

AUGUST 15, 2019

The “online version of a payments terminal” was how the media portrayed Visa ’s acquisition of CyberSource in 2010. At the turn of the 2010s, online commerce was roughly a tiny 4 percent of all retail sales, but growing at nearly a 15 percent annual clip. And very nascent it was.

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PYMNTS

NOVEMBER 6, 2017

Since 2004, October has been observed as National Cyber Security Awareness Month by the Department of Homeland Security (DHS). Meanwhile, the recently released PYMNTS Global Fraud Index , produced in collaboration with Signifyd, found that instances of global fraud increased by 5.5 percent from Q2 2016 to Q2 2017.

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CB Insights

SEPTEMBER 10, 2019

Download the free report to find out how fintech is shaping the future of wealth management and investing. As millennials head deeper into adulthood and make more money, the personal finance space is adapting to their unique money management attitudes in a few key ways: From in-person to online. It acquired 1.5M

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CB Insights

MARCH 6, 2019

Companies across industries from food delivery to mobile payments disintegrate for all kinds of reasons, from technology errors and logistical challenges to overspending and outright fraud. Select investors : Amazon, Hummer Winblad Venture Partners, Bowman Capital Management LLC. Select Investors : Wellington Management.

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PYMNTS

APRIL 7, 2017

In fact, he noted 2010 marked the year where the number of devices outstripped the number of people and said that gap “will just keep going up and up and up … You can think of that as a ‘threat surface’ that you are dealing with.”. The first big credit card fraud, he said, done by hackers, came in at about $100 million.

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PYMNTS

MAY 31, 2018

In 2010, the tiny websites making those allegations had some big-time help through Microsoft. The tiny websites, egged on by Microsoft, managed to convince the Commission in 2010 that Google was manipulating its search algorithms to provide favored placement via Google Shopping — all for the sake of making more money.

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Google Regulation Data Innovation 120

NCR

JUNE 21, 2016

Between 2010 and 2014, e-commerce sales in China rose by nearly 600 percent and it’s now the single largest market in the world for online retail – larger than the US. Mervin Amos serves as Solutions Manager at NCR Corporation. There is a huge opportunity and India can look to China for inspiration.

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CB Insights

JUNE 6, 2019

Accusations of fraud and mismanagement, and criticisms of the government’s decision to invest in Solyndra, were rampant in the days following news of Solyndra’s impending bankruptcy proceedings — but the core mistake here involved ignorance of a key aspect of Solyndra’s business. This would be Munchery’s downfall.

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Fintech Labs Insights

MAY 3, 2021

US-based payments security provider. US-based fraud specialist. . #126 Signifyd $1.3B 128 Deel : $1.25B US-based payroll processor. 142 (tie) Groww : $1.0B India-based investing startup. 142 (tie) The Zebra : $1.0B US-based insurance lead gen company. 142 (tie) Clearcover : $1.0B US-based auto insurance provider. United States.

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Insights on Business

APRIL 21, 2017

Practical experience suggests cognitive systems can be extremely effective facilitators of change in managing risk and compliance, whether it is to understand the constantly changing regulations, or to address the compliance requirements. It can detect and halt fraud in milliseconds. The system can learn.

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PYMNTS

JANUARY 6, 2020

A posting tied to the image stated the page had been “hacked by Iran Cyber Security Group Hackers. The fact that the weekend attack was carried out by a thus-far-unknown group known as the Iran Cyber Security Group Hackers shows that small groups, perhaps even individuals, can have immediate impact. We’re always ready.”

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CB Insights

NOVEMBER 9, 2017

And then there were some uncommon and more dramatic causes of failure, including: Financial fraud. The startup, which was established in 2008, privately raised $185 million before its $100 million initial public offering was blocked by the Australian Securities Exchange last year. Select VC Investors: Wellington Management, Otto Group.

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CB Insights

MAY 15, 2019

Companies are turning to accelerators, funds, and labs to try to find the next big thing that will reduce fraud, speed up transaction times, and catch on with consumers. Key people: Annie Ye, Head of DAX, Senior Vice President, DBS Innovation Group; Neal Cross, Managing Director & Chief Innovation Officer. Founded: 2016.

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