Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? Regtech is simply the use of technology such as AI, machine learning, natural language processing, and blockchain to improve the way businesses manage regulatory compliance. So, what are the other benefits of regtech for banks?

Technology 195

Technology Fraud Compliance Regulation 195

Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? Regtech is simply the use of technology such as AI, machine learning, natural language processing, and blockchain to improve the way businesses manage regulatory compliance. So, what are the other benefits of regtech for banks?

Technology 195

Technology Fraud Compliance Regulation 195

PYMNTS

JUNE 13, 2017

Emirates Islamic is reportedly planning on using a combination of QR codes and blockchain technology to enhance protection from fraud of paper checks. We anticipate that Cheque Chain will dramatically reduce cheque frauds in this market, helping us provide our customers greater peace of mind and security.”. “We

blockchain 124

blockchain Fraud Security Report 124

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. government isn’t the only jurisdiction going hot and cold on blockchain.

blockchain 133

blockchain Fort Worth Bitcoin Regulation 133

PYMNTS

NOVEMBER 13, 2018

startup in the blockchain field called Axoni , Cryptovest reported. HSBC Global Banking and Markets, Americas COO Matthew J. Flanigan said in a press release , “distributed ledger technology will clearly be important in modernizing the shared infrastructure of capital markets. HSBC , the U.K. bank, is backing a U.S.

blockchain 169

blockchain Bitcoin Software Industry 169

PYMNTS

JANUARY 24, 2021

The crimes that ended up driving the change in 2020 were scams and the darknet market, the blog's stats report. The partnership will utilize SGX's multi-asset experience and strengths in working with operating market infrastructure, along with Temasek's work in blockchain and ecosystem connectivity.

Bitcoin 234

Bitcoin Marketing cryptocurrency Cards 234

PYMNTS

JANUARY 6, 2019

The China Banking Association (CBA) has announced the launch of a blockchain-based platform for trade finance. I really related to TrustToken’s vision to foster a new financial future which is resilient to fraud, failure and greed.”. and European markets. Local FinTech firms such as PeerSafe will be supplying technical support.

blockchain 160

blockchain Bitcoin Compliance Regulation 160

PYMNTS

JULY 16, 2020

Blockchain initiative Teller has notched $1 million in a Framework Ventures-led seed capital to create a decentralized finance (DeFi) credit risk tool, according to an announcement. On another note, a 20-something individual has been charged with wire fraud for allegedly bilking investors out of over $4.5

Bitcoin 148

Bitcoin Fraud cryptocurrency Lending 148

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.

blockchain 115

blockchain Samsung Industry Security 115

Lex Sokolin

MARCH 31, 2021

The second company, Feedzai, does fraud checks at the account opening and payment transaction layer, as well as helps with AML using machine learning. Our third example is Chainalysis, the crypto-ecosystem mapping firm that helps institutional actors like government, asset managers, and banks interact with blockchain-based digital assets.

Capital 52

Capital Marketing Community social media 52

PYMNTS

AUGUST 25, 2017

24) it has temporarily suspended trading in the securities of Canada-based company First Bitcoin Capital Corp. The move on the part of the SEC comes as the government agency has already signaled it would regulate the cryptocurrency market. The Securities Exchange Commission (SEC) announced Thursday (Aug. 7 of this year.

Bitcoin 104

Bitcoin Capital cryptocurrency Security 104

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.

blockchain 155

blockchain Capital Regulation Fintech 155

PYMNTS

JANUARY 19, 2017

This year could be the year that blockchain emerges from its current status as a largely hypothetical game-changer to one that’s put to the test. While few working applications of blockchain technology are in use today by financial service providers, the industry continues to place its confidence — and money — behind the technology.

blockchain 100

blockchain Industry Tools Survey 100

Celent Banking

AUGUST 9, 2016

Distributed ledger technology, often referred to as blockchain, threatens to disrupt the sector with its potential to improve visibility, lessen friction, automate reconciliation, and shorten cycle times. DLT could finally provide the momentum needed to fully digitize trade documents and move toward an end-to-end digital process.

blockchain 100

blockchain Capital Management Payments 100

PYMNTS

NOVEMBER 20, 2019

XRP is the third-largest cryptocurrency by market value after bitcoin and ethereum, but its architecture is different, which gave the company more than just a technological challenge. Blockchain forensics company CipherTrace indicated in an August report that cryptocurrency thefts, scams and fraud might exceed more than $4.3

cryptocurrency 124

cryptocurrency blockchain Bitcoin Washington 124

PYMNTS

JUNE 23, 2019

Overstock CEO Patrick Byrne said that he welcomes Facebook ’s entry into the cryptocurrency market. Overstock has spent $150 million on its blockchain business, tZero; the company owns 82 percent of the exchange. Overstock has spent $150 million on its blockchain business, tZero; the company owns 82 percent of the exchange.

Bitcoin 100

Bitcoin Las Vegas Nevada Arizona 100

PYMNTS

NOVEMBER 13, 2020

This 30 percent growth rate may be modest but is welcome news for the companies that are turning to international markets for suppliers, business partners and employees. Various factors, including the dynamics of the markets in which transactions take place and the payment amounts being sent, can shift wire transfers’ costs.

Technology 162

Technology Payments blockchain Security 162

PYMNTS

FEBRUARY 18, 2020

The company said it works to generate new sources of revenue for organizations while ensuring privacy protection and blockchain-based security. South Asia is the fastest-growing market in FinTech and eCommerce, according to Credify. The area is projected to be a $72 billion market for FinTech in 2020, at an CAGR of 72.5

Regional 171

Regional Lending Fraud Maine 171

PYMNTS

JANUARY 20, 2017

ChronoBank.io, the cryptocurrency company that is trying to change the short-term labor market, is aiming to launch an exchange early next year where buyers and sellers of different trades can trade skills for money and time. million in venture capital funding by AXL Strategic Partners. ChronoBank.io

blockchain 100

blockchain Tools Capital Bitcoin 100

PYMNTS

AUGUST 14, 2018

Today’s coverage includes Australian plans to gain access to encrypted data, along with a funding boost for blockchain. Capital market tech firm Axoni has become a leader in blockchain technology via partnerships with investment banks, asset managers and market infrastructure companies.

Apple 100

Apple New York City New York blockchain 100

Bussman Advisory

FEBRUARY 21, 2018

There should be no doubt by now that initial coin offerings – token sale fundraisings by startups – have established themselves as new and very compelling forms of capital raising. Startups, primarily in the blockchain world, raised $4.6bn in various forms of token launches in 2017, a quantum leap from the $0.2

Capital 67

Capital Cyber Security blockchain cryptocurrency 67

PYMNTS

OCTOBER 3, 2017

If the firm moves ahead with these plans, it will be the first high-profile Wall Street company to deal directly in the bitcoin trading market. However, if Goldman Sachs does enter the bitcoin trading market, the firm is expected to increase cryptocurrencies’ standing with investors, noted the report.

Bitcoin 181

Bitcoin cryptocurrency New York blockchain 181

PYMNTS

JUNE 29, 2018

News from the frontline of the digital fraud fight is mixed. billion consumer records were exposed on the black market over the past year — meaning the damage from the breaches has already been done. Other companies are making acquisition part of their fraud-fighting arsenal. While that’s a positive development, more than 1.4

Data 101

Data Fraud Lending Security 101

PYMNTS

JUNE 1, 2018

Venture capital activity within the B2B realm saw a few large deals, and a subset of smaller ones. The capital raised will be used for what Tradeshift termed “core strategic initiatives” with an eye on global expansion into Europe and Asia, and growth in transaction volumes.

Capital 122

Capital blockchain Retail Data 122

PYMNTS

DECEMBER 15, 2020

In other news, SatoshiPay will become the first company to use German Bankhaus von der Heydt 's (BDVH) fully euro-backed stablecoin EURB, according to a press release from investing company Blue Star Capital. It will allow for instant money transfers on blockchain.

Bitcoin 170

Bitcoin cryptocurrency Mobile Payments 170

PYMNTS

NOVEMBER 14, 2017

The European Securities and Markets Authority (ESMA) warned investors about the risks of initial coin offerings (ICOs) in a statement on Monday (Nov. ICOs are also vulnerable to the risk of fraud or money laundering,” ESMA said in the statement. 13) and also issued rules for firms that become involved in them.

Regulation 100

Regulation Bitcoin cryptocurrency blockchain 100

Vitalik Buterin

APRIL 20, 2018

Recently I had the fortune to have received an advance copy of Eric Posner and Glen Weyl’s new book, Radical Markets , which could be best described as an interesting new way of looking at the subject that is sometimes called “ political economy ” - tackling the big questions of how markets and politics and society intersect.

Marketing 76

Marketing Taxes blockchain System 76

PYMNTS

JANUARY 17, 2018

Trend Lab, a startup developing artificial intelligence (AI) solutions for the FinTech market, has revealed it secured new funding. Of these, Big Data, blockchain and AI are integral to a successful and progressive FinTech industry.”. In a press release issued Tuesday (Jan. 16), the company said it raised more than $12.7

Trends 116

Trends Big Data blockchain Regional 116

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.

Bitcoin 104

Bitcoin blockchain Operations Fraud 104

PYMNTS

JULY 2, 2019

The 2008 global financial crisis forced traditional banks to pull back from small businesses (SMBs) considered too risky and unprofitable to finance, leaving a gap in the market for alternative lenders and FinTech firms to fill. The bank-FinTech collaboration trend has hit the small business customer segment particularly strong.

Fintech 125

Fintech Resources Capital Trends 125

PYMNTS

FEBRUARY 6, 2018

Further, automation in AP can address one of the largest challenges corporates face today: fraud. When we look at AP fraud specifically, the risks that these companies are facing is only increasing,” said APEX Analytix Senior Vice President Phil Beane in an earlier interview with PYMNTS. Technology for Technology’s Sake.

blockchain 101

blockchain Fraud Tools Technology 101

PYMNTS

JANUARY 3, 2020

With a robust community of technological innovators, and a drive toward the digital economy, India currently stands as an exciting market in FinTech. Trust is a vital component to supporting small businesses’ digitization journeys and access to capital on demand. Building Financial Trust.

Fintech 120

Fintech blockchain Data Capital 120

Accenture

FEBRUARY 28, 2017

will become more widespread in 2017, for both POS and in-app payments—expect to see published figures for strong growth rates in specific markets, even if absolute transaction volume figures remain undisclosed. However, banks will continue investments in blockchain technology, but mainly in capital markets, outside of payments.

Payments 150

Payments Bitcoin Samsung Fraud 150

Accenture

FEBRUARY 28, 2017

will become more widespread in 2017, for both POS and in-app payments—expect to see published figures for strong growth rates in specific markets, even if absolute transaction volume figures remain undisclosed. However, banks will continue investments in blockchain technology, but mainly in capital markets, outside of payments.

Payments 150

Payments Bitcoin Samsung Fraud 150

PYMNTS

APRIL 30, 2018

Blockchain. Blockchain. Take the blockchain. An alien landing on Earth and reading the popular tech press would be thoroughly convinced that blockchain is the biggest thing to have happened here since the invention of indoor plumbing. In short, there seems to be, literally, nothing the blockchain cannot do.

Fintech 183

Fintech blockchain Lending Digital Banking 183

PYMNTS

NOVEMBER 2, 2018

He said the digital currency was a “terrible store of value” in 2014 and called it a fraud last year. (He However, Dimon later noted that blockchain technology is “real” and “a technology,” although he has noted that “bitcoin is not the same as a fiat currency.”. ” The executive has long been a skeptic of bitcoin.

Bitcoin 123

Bitcoin District of Columbia Texas New York 123

PYMNTS

MARCH 31, 2017

For a second time, it was the lack of oversight, regulation and the potential for fraud in the broader bitcoin space that worked against the proposed ETF. The estimated market cap is at just over $16.6 million Series A venture funding round led by Berlin-based Earlybird Venture Capital. percent from Wednesday’s (March 29) close.

Bitcoin 100

Bitcoin blockchain Capital Regulation 100