2012 Fraud Operations Regional 
PYMNTS
MARCH 20, 2020
Sweden’s oldest retail bank will face a hefty $386 million fine for a scandal that erupted last year over the bank’s poor handling of money laundering issues in the Baltic region, according to Reuters Thursday (March 19). Swedbank’s CEO and much of the board were fired as a result.
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. One such attack by the group Unlimited Operations was able to net over $40 million.
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PYMNTS
JANUARY 7, 2020
Iran’s options and goals on the geopolitical stage (without taking a deep dive into specific policy issues) should be examined against the backdrop that Iran — like, any number of countries, said Visner — is seeking greater regional influence, and greater international respect and leverage. cloaked well enough so that the U.S.
PYMNTS
OCTOBER 2, 2018
Since its founding in 2012, the firm has specifically distinguished itself in a crowded field of tech-based underwriters, with its focus on the consumer group it calls the “underbanked middle class.”. Avant is really two businesses operating under one roof — connected in crucial ways, but separate in function.
PYMNTS
OCTOBER 1, 2018
The SEC found LCA, LendingClub and Laplanche guilty of fraud for improperly using LCA assets to benefit LendingClub Corporation, LCA’s parent company for which Laplanche was both founder and CEO. By 2012, LendingClub announced it had underwritten $1 billion in loans on its platform and was cash flow positive. The SEC Finding.
CB Insights
FEBRUARY 13, 2020
Fraud prevention tools. Sigma aims to streamline business operations. Additionally, the company must underwrite risk, and is on the hook in the event of fraud or returned items. Stripe Atlas (business incorporation tool) and Stripe Sigma (business analytics and reporting) can help simplify business operations.
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. Mozido’s fintech fraud fiasco. And others disappear forever.
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