Perficient

FEBRUARY 22, 2023

AI is increasingly being used to automate a variety of tasks in financial services institutions, including customer service, fraud detection, and loan applications. Perficient will also bring insight surrounding the banking industry’s growing use of blockchain to the Summit.

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PYMNTS

NOVEMBER 10, 2020

The emergence of the “network of network” strategies on the parts of Visa and Mastercard have opened the door for faster payments, for the electronification of payments — and for blockchain to underpin it all. Crypto has been held up by critics as a conduit to fraud and money laundering.

cryptocurrency 324

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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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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. The changes would aim to keep remittances in compliance with anti-money laundering (AML) measures in the regions.

Fraud 180

Fraud Payments Regulation Security 180

PYMNTS

MAY 8, 2018

DMG Blockchain Solutions announced a new tool for crypto exchanges and enterprise payment platforms that facilitate cryptocurrency transactions aimed at enabling anti-money laundering (AML) and anti-fraud capabilities for users. Regulatory compliance for crypto exchanges is an emerging focus for industry players.

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PYMNTS

JUNE 5, 2018

The first baby born on the blockchain is expected to enter the world at a small clinic in rural Tanzania this week. What does that mean – to be born on the blockchain? AID:Tech uses digital identity and blockchain tech to create a new, more transparent way for governments, enterprises and NGOs to deliver digital entitlements.

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PYMNTS

JANUARY 6, 2019

The China Banking Association (CBA) has announced the launch of a blockchain-based platform for trade finance. In other news, Vaishali Mehta, who worked as a senior compliance manager at Coinbase, has left the company to become the head of compliance for TrustToken , which produces the TrueUSD stablecoin.

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PYMNTS

FEBRUARY 3, 2017

In a recent study of 200 government leaders from 16 countries, IBM’s Institute for Business Value (IBV) looked specifically at blockchain technology as a possible solution for securely sharing sensitive data. Specifically, they include the areas of citizen services, regulatory compliance, identity management and contract management.

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PYMNTS

MARCH 11, 2020

FIs in the United Arab Emirates are also looking to get ahead of fraud with improved digital KYC practices. A consortium of UAE banks is developing a blockchain-based platform over which they could share information about authenticated customers. Taking A Local Approach To Fighting Money Laundering, Fraud Worldwide.

Fraud 150

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PYMNTS

OCTOBER 27, 2019

In an interview with Karen Webster, Jess Turner, executive vice president of North American Digital Payments at Mastercard , delved into the network giant’s expansion into the healthcare and supply chain spaces using advanced technologies such as blockchain, artificial intelligence (AI) and biometrics. Making Waves With Blockchain.

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blockchain Guidelines Fintech Fraud 101

PYMNTS

DECEMBER 7, 2020

Today in B2B payments, Revolut launches a new solution for its business customers, and MonetaGo collaborates to combat trade finance fraud. Through 100 percent invoice integration, the service boasts improvements to savings, and offers a compliance audit feature that can help vendors cut spending.

Fraud 159

Fraud Capital Regional Security 159

PYMNTS

OCTOBER 27, 2019

In an interview with Karen Webster, Jess Turner, executive vice president of North American Digital Payments at Mastercard , delved into the network giant’s expansion into the healthcare and supply chain spaces using advanced technologies such as blockchain, artificial intelligence (AI) and biometrics. Making Waves With Blockchain.

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blockchain Guidelines Fintech Fraud 100

PYMNTS

OCTOBER 27, 2016

Blockchain technology could have major implications for B2B payments, and some of the top use cases for distributed ledger include cross-border payments and smart contracts. The use of blockchain for payment certification enables a new level of security in trade finance and other B2B payments that can be plagued by fraud.

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CB Insights

SEPTEMBER 7, 2021

Blockchain companies raised more venture capital and private equity funding in H1’21 than any full year in history. download our best of blockchain research. download our best of blockchain research. But blockchain’s potential extends well beyond crypto and NFTs. First name. Company name. Phone number.

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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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blockchain Payments Retail Technology 108

PYMNTS

OCTOBER 13, 2016

Regulation and compliance can be a tough space for many to wrap their heads around. Sunil Madhu , founder and CEO of Socure , joined Karen Webster to give context to some of the compliance concepts trending in the industry and also share his thoughts on what’s coming next down the regulatory pipeline. Compliance Decoded.

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CB Insights

DECEMBER 9, 2021

TRM Labs , a blockchain intelligence platform provider, has raised $60M in Series B round that drew participation from Tiger Global Management, American Express Ventures, Visa, PayPal Ventures, Square, and Citi Ventures. TRM Labs supports over 900K digital assets across 23 blockchains, and this includes NFT coverage.

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Bank Innovation

JUNE 27, 2017

Startups that are addressing the infrastructure issues of banking, whether it’s blockchain, or fraud prevention, or compliance,” she said during the Future […]. So where are investors looking for new opportunities?

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PYMNTS

MARCH 22, 2016

Investors may be flocking to blockchain technology startups that are seeking out new ways to use the tool, but one startup just secured investment for making sure that the businesses using blockchain are doing so within the confines of the law. via our contacts and knowledge of U.S.

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PYMNTS

APRIL 22, 2019

How DraftKings Keeps Fraud Out of Fantasy S ports. In this month’s feature story, Jennifer Aguiar, vice president of compliance and risk for DraftKings , explained a data-centric approach to providing behind-the-scenes security during onboarding, and throughout the entire customer relationship. customers now onboard digitally.

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PYMNTS

AUGUST 21, 2020

While Chinese traders are limited to the purchase of up to $50,000 of foreign currency annually, the volume suggests stablecoins could be being used to circumvent the regulation, according to Chainalysis , the New York-based provider of regulatory compliance software.

cryptocurrency 349

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CFPB Monitor

JUNE 3, 2021

After reviewing how blockchain technology operates and the pandemic’s impact on its use, we discuss the technology’s main benefits and regulatory risks; its use in digital identity, anti-money laundering compliance, preventing wire transfer fraud, peer-to-peer lending, and decentralized finance; the role of “smart contracts” in consumer finance; how (..)

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PYMNTS

JULY 11, 2016

There are a few schools of thought when it comes to the projected role and impact of blockchain technology on the global financial services space. On one side, some believe blockchain will disrupt the traditional banking system to the point of fracture, enabling the movement of money without the involvement of a financial institution.

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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.

Industry 155

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PYMNTS

JANUARY 30, 2019

In addition, how can they remain confident that they are in compliance with existing AML laws? Other companies are turning to blockchain to follow KYC rules. In France, a group of more than two dozen companies and five banks are testing a new blockchain-based solution known as CordaKYC. About The AML/KYC Tracker.

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PYMNTS

SEPTEMBER 12, 2019

The latest AMC/KYC Tracker examines current efforts to stop money laundering, fight fraud and improve customer identity authentication in the financial services space. The Cost of Compliance. The projected 2020 cost of AML compliance across all U.S. financial institutions (77 percent) for AML compliance.

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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.

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PYMNTS

JANUARY 11, 2017

The Reserve Bank of India (RBI) says it’s time to embrace blockchain and adopt a digital currency for the country, according to a new report. Cost savings, mitigation of forex volatility, faster settlement, greater efficiency and reduced processing time are all some of the potential benefits of blockchain, the group added.

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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. Even fewer — 5 percent — have adopted blockchain, and only 2 percent use cryptocurrencies.

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Insights on Business

SEPTEMBER 17, 2016

Perhaps nowhere does this saying apply as well as it does to the growing interest and adoption of blockchain technology in the global banking industry. I’m as sure as I can be that blockchain represents an important new technology. And they’re prone to tampering and other forms of fraud. So is IBM urging its immediate adoption?

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PYMNTS

DECEMBER 12, 2019

JPMorgan Chase has been using artificial intelligence (AI) and machine learning to process expense reports and check them for compliance, according to Bloomberg. Earlier this year, CEO Jamie Dimon said that by using machine learning, the bank could save $150 million in terms of credit card fraud.

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Insights on Business

OCTOBER 10, 2017

Here is a preview of our focus at this year’s Sibos: Enterprise blockchain – IBM is leading the advancement of blockchain with many projects under way in financial services including foreign exchange payments netting , private equity administration , securities lending and trade finance.

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PYMNTS

FEBRUARY 18, 2019

According to blockchain and cryptocurrency company BitRail , JPMorgan’s announcement was certainly a validating moment for the industry. Indeed, what will drive crypto adoption, Chell told PYMNTS, is in the technology’s ability to reduce payments friction, and integrate compliance and security.

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PYMNTS

OCTOBER 23, 2018

As well, digital billing can help reduce healthcare fraud and errors in the $3.5 One is the increasing prospect of fraud, of criminals breaking into healthcare IT systems in search of patient data, the scope of which can enable identity theft in ways that are relatively easier than in other sectors. trillion-per-year healthcare space.

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The Paypers

JULY 2, 2021

India-based cryptocurrency exchange WazirX has partnered with blockchain analytics provider TRM Labs to enhance anti-money laundering and anti-fraud measures for transactions conducted on the WazirX platform.

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PYMNTS

MARCH 22, 2019

Government moves at its own pace, for better or worse or both, but that pace can provide opportunities for fraud and expensive errors — mistakes and missteps that can cost hundreds of billions of dollars annually. Blockchain, too, could be employed in the interests of data security.

Mobile 100

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Insights on Business

MAY 1, 2018

Global VP of Watson Financial Services, Vivek Bajaj, will kick it off with a keynote speech on how Cognitive and Blockchain are using regtech, augmented counter fraud and customer service and to ultimately, transforming financial services. Blockchain. Compliance. Topics include: AI. Biometrics. Consumer protection.

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