PYMNTS

JUNE 8, 2020

The scheme by the “Modern Money Team,” as Putnam referred to the entire operation, was reportedly to offer investors “cryptocurrency trading packages” they had purchased, which could have ostensibly been used for “arbitrage” opportunities at Bitfinex. The group managed to get $12 million from 2,000 investors, Coindesk reports.

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PYMNTS

MARCH 22, 2019

Yet many firms struggle to gain access to the capital that helps them launch or sustain operations. USD equivalent to help fund its efforts to help companies secure loans against invoices (through linkups with investors) using blockchain and artificial intelligence. Initially we plan to operate in the Netherlands.

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blockchain social media Lending Security 162

PYMNTS

AUGUST 27, 2020

In other news, LVC Corporation , which operates LINE, is announcing the launch of two new products: LINE Blockchain Developers, a developer platform for blockchain services; and the BITMAX Wallet, for managing digital assets, a press release stated.

Bitcoin 153

Bitcoin blockchain cryptocurrency Cards 153

PYMNTS

JULY 23, 2019

China’s banking regulator is introducing stricter requirements on banks and insurance institutions that provide supply chain financial solutions in an effort to curb fraud, according to China Daily reports last week. JD.com, Suning.com Spark Concerns. Noah, however, claims that it had verified all documentation with JD.com.

Fraud 128

Fraud Regulation Report Management 128

PYMNTS

JUNE 15, 2018

Payments firm Wirecard is expanding its presence in the B2B payments market, and is deploying blockchain technology in the process. An announcement on the company’s website on Thursday (June 14) said Wirecard is expanding its B2B services, using blockchain to connect merchants with producers.

blockchain 128

blockchain Payments Examples Technology 128

Abrigo

DECEMBER 19, 2022

Takeaway 1 Effective AML/CFT programs require ongoing training to keep AML and fraud staff compliant. Training materials for anti-money laundering & fraud professionals. Below are some of the most popular resources to help fight money laundering and fraud in 2022. Complimentary AML info. From crypto to cannabis.

Resources 195

Resources Training Fraud Compliance 195

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. GUUD has significant operations across Asia, and GUUD executives have publicly announced plans to expand in the region. Revolut Launches Acquiring Solution For Business Customers.

Fraud 159

Fraud Capital Regional Security 159

PYMNTS

NOVEMBER 15, 2017

Every day the world hears about another blockchain project in the works or another distributed ledger technology consortium forming. Just last week, Deloitte found that in 2016 alone, nearly 27,000 new blockchain projects surfaced on the market. “The Mastercard. Reports said the filing, dated Nov. 9 with the U.S.

blockchain 130

blockchain Analysis Tools Technology 130

PYMNTS

DECEMBER 11, 2019

An Airbnb move could change up payments as customer relationship management ups its own game. Fraud detection systems have a big problem with at least one type of lucrative scam, while blockchain is set to reinvent lending and APIs change finance. 80 percent: U.S. banks in 2018 that planned to provide real-time payments.

Payments 131

Payments Fraud blockchain Lending 131

PYMNTS

APRIL 22, 2019

Digital payments entity and eCommerce platform Infibeam Avenues and blockchain startup Primechain Technologies have announced a partnership to implement a cross-border blockchain invoicing platform for the $12 trillion global trade finance market.

blockchain 108

blockchain Technology Fintech Fraud 108

PYMNTS

JANUARY 30, 2018

No one truly knows exactly where and how blockchain technology will make the greatest impact. In corporate finance, the tool could upend the status quo of supply chain management, cross-border payments, invoicing and document sharing and more. At least at the start, exchanges will have to guarantee the customer behind [the trade].”.

blockchain 144

blockchain Security Software Tools 144

PYMNTS

JANUARY 26, 2017

Cross-border payments, trade finance, smart contracts — blockchain has the potential to disrupt B2B processes, but FinTech players are only beginning to take these concepts onto a real-world stage. For one firm, Finlync , the key to unlocking the potential of blockchain in B2B processes is unlocking the underlying data of that activity.

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PYMNTS

SEPTEMBER 8, 2016

Among the copious potential use cases for blockchain, trade finance has gained the confidence of many industry analysts. In a statement, Barclays said using blockchain technology for trade financing could heighten efficiencies and lower costs by removing paper-based letters of credit between trading partners.

blockchain 100

blockchain Industry Fraud Report 100

PYMNTS

APRIL 14, 2017

Primarily, blockchain technology is being used in the finance world among various monetary entities to securely transfer bitcoins or make monetary transactions. The blockchain itself is an online ledger that allows two parties to exchange an agreed-upon valued means without the use of a third party like a bank.

blockchain 107

blockchain Bitcoin Regulation Technology 107

PYMNTS

MARCH 14, 2019

Strategic Treasurer and TD Bank found in their survey that the majority of respondents said manual processes are their biggest operational challenges today, more so than issues like fraud, regulatory changes or staffing. Most also said payments management is the most time-consuming process, followed by cash forecasting.

Fraud 115

Fraud Survey Taxes Regulation 115

PYMNTS

AUGUST 28, 2019

Kadena has announced the launch of an upgraded version of its blockchain solution to the Microsoft Azure Marketplace. The “Kadena Scalable Permissioned Blockchain” is now available on Azure Marketplace for free. In other news, Gemini announced that it has joined the Silvergate Exchange Network (SEN).

Policies 116

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PYMNTS

FEBRUARY 17, 2020

In the February Intelligence of Things Tracker , PYMNTS examines how connecting devices can promote efficiency, optimized operations and streamlined organizational structures — but doing so can also create favorable data breach conditions for fraudsters. Across the Intelligence of Things (IoT) Space.

blockchain 249

blockchain Maine Security Data 249

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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blockchain Study Security Industry 70

PYMNTS

JANUARY 28, 2020

This week’s examination of the latest innovation initiatives finds this to be true both for innovators exploring ways to improve existing rails — like ACH — as well as those that have embraced the development of entirely new rails, including real-time payments (RTP) and blockchain-powered transactions. Same-Day Boosts ACH Adoption.

Payments 199

Payments blockchain cryptocurrency Innovation 199

PYMNTS

JANUARY 17, 2020

This increasingly sophisticated group poses a growing and costly headache to those who value the model, forcing businesses to spend billions on fraud-fighting technologies. Preventing fraud with seamless and secure onboarding solutions is key. million fraud reports in 2018, resulting in $1.48 trillion a year.

Security 130

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NCR

AUGUST 18, 2017

Over the past year or so, major banks across the world have begun investigating what blockchain technology can offer to their business, with many use cases now being piloted. Why banks are excited about blockchain. Financial institutions are exploring blockchain for its potential to reduce costs and streamline processes.

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PYMNTS

FEBRUARY 22, 2019

It also oversees OFAC sanctions compliance and anti-corruption compliance across all of MUFG Bank’s worldwide operations. 20), it was reported that MUFG was testing blockchain technology to digitize the paper check. From a bank’s perspective, we need to process these papers manually, including checking for fraud, etc.”

Compliance 108

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PYMNTS

JUNE 6, 2019

Dutch billionaire John de Mol, who created the reality TV program “Big Brother,” is suing Facebook for allowing fake ads which used his name and image to commit bitcoin-related fraud that swindled 1.7 Aion Network has announced the launch of the world’s first JVM-compliant blockchain virtual machine. “We million euros ($1.9

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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

FEBRUARY 21, 2018

Governments may not be too keen on bitcoin, but blockchain is another story. In fact, government authorities have begun to help fuel the proliferation of blockchain across the world. Local officials are hoping to use blockchain to improve public services and boost transparency.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

PYMNTS

OCTOBER 20, 2017

PYMNTS takes a look at those cybersecurity firms, plus a few of the treasury management, blockchain and logistics firms that also grabbed fresh funding. This California-based startup has a particular cybersecurity focus: payments fraud. Feedzai provides its AI-based fraud management tool to banks and businesses.

Capital 109

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PYMNTS

JANUARY 17, 2018

Of these, Big Data, blockchain and AI are integral to a successful and progressive FinTech industry.”. The company announced the financial support while noting it aims to develop its own Big Data and AI solutions and to apply blockchain, cloud and SaaS technologies into its operations as well.

Trends 116

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ABA Community Banking

FEBRUARY 11, 2019

37% said the ability to adapt to processing faster electronic payments is an obstacle Human Resources Feature Technology Risk Management Security Operational Risk Cyberfraud/ID Theft Feature3 Survival Strategies Blockchain Business of Blockchains.

Training 53

Training Survey Risk Management blockchain 53

PYMNTS

JUNE 8, 2020

Cardpay , based in Bengaluru, India, offers a spending management platform to corporations under the brand name “Grit.” Srinivasan will continue to lead the operations at Grit, according to BusinessLine. In the announcement , the companies said the acquisition will help Ahmedabad-based Infibeam offer better B2B payment services.

Payments 150

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PYMNTS

MARCH 20, 2020

But Michael Ellis, head of commercial at Equiniti Group’s EQ Riskfactor , said the market is also quickly discovering that lenders themselves can benefit from unlocking data to improve SMB financing operations, and the U.K.’s For lenders, unlocking data also means strengthened fraud mitigation. A Win-Win for Banks and SMBs.

Lending 233

Lending Data User Experience Fraud 233

PYMNTS

NOVEMBER 16, 2017

A new report from the Association for Financial Professionals (AFP) found that only about a tenth of surveyed corporate treasurers are prepared for emerging technologies like blockchain and machine learning to disrupt the enterprise. Blockchain. Talk of blockchain’s potential to disrupt the enterprise is expansive.

blockchain 128

blockchain Survey Tools Technology 128

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. Cryptocurrency and Blockchain. Blockchain could also potentially help, because the public distribution ledger that records transactions can be independently verified.

cryptocurrency 116

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PYMNTS

SEPTEMBER 18, 2018

EOS refers to “a decentralized operating system [that] is developed to support decentralized applications in commercial scale by providing them [with] all the essential support and features,” as per one common definition. The EOS token is taken as a cryptocurrency in ICO.”. Bitcoin , however, is far behind, taking 17th place.

Security 186

Security cryptocurrency blockchain Bitcoin 186

PYMNTS

MARCH 3, 2020

House Committee Eyes Blockchain for SMBs. House of Representatives Committee on Small Business is ready to hold a hearing this week to discuss the potential impact and benefits of blockchain for the nation’s small businesses, Yahoo! Finance reported last week. Cashfree Enables Real-Time Corporate Payouts.

Innovation 130

Innovation Payments blockchain National 130

PYMNTS

JUNE 12, 2019

Among these new services, the top focus is real-time payments (55 percent), followed by same-day ACH (44 percent) and blockchain-based networks (35 percent), according to Bottomline Technologies’ 2019 B2B Payments Survey. Clearly, security presents a mounting challenge for firms, especially when it comes to shoring up AP operations.

Fraud 155

Fraud Security Payments Technology 155

Insights on Business

OCTOBER 16, 2018

For those in marketing, data and analytics roles who have business operations responsibility. Carmelle Cadet, IBM Blockchain Payments Business Development Manager. See how blockchain is transforming the payments landscape with speed, transparency, and cost savings from a traditionally slow, costly and process-intensive industry.

Fraud 117

Fraud Customer Experience Analytics blockchain 117

PYMNTS

MARCH 23, 2018

And Chinese eCommerce retailer JD.com plans to roll out a new blockchain-as-a-service (BaaS) platform, CoinDesk reported. The new service will include blockchain tools for developers of a wide range of apps that serve a variety of needs, from supply chain data tracking to insurance fraud prevention. as of 4:24 a.m., In the U.K.,

Bitcoin 116

Bitcoin cryptocurrency blockchain Report 116