PYMNTS

DECEMBER 19, 2019

Yet, each of these strategies to modernization is a double-edged sword, exposing a bank — and, thus, its partners and customers — to a new breed of fraud risks. This is especially true as banks’ customers expect their FIs to bear the burden of fraud protection. In the U.K., for example, cyberattacks cost an estimated $10.74

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Fraud Payments Security Fintech 104

PYMNTS

MARCH 22, 2018

Fraud detection startup Sift Science has raised $53 million in a series D round, bringing its total amount raised to $107 million. The startup’s previous investors include Reddit’s Alexis Ohanian, Salesforce’s Marc Benioff, PayPal cofounder Max Levchin and venture capital firm Andreessen Horowitz.

Fraud 108

Fraud Atlanta Capital Big Data 108

Abrigo

JULY 27, 2023

Would you like other articles on fraud and AML/CFT compliance in your inbox? For example, in the pharmaceutical industry, manufacturers can use regtech to ensure that marketing complies with FDA requirements. Of course, banks and credit unions are highly regulated industries, and this is increasing. Talk to a specialist to learn more.

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? For example, in the pharmaceutical industry, manufacturers can use regtech to ensure that marketing complies with FDA requirements. Of course, banks and credit unions are highly regulated industries, and this is increasing. Talk to a specialist to learn more.

Technology 195

Technology Fraud Compliance Regulation 195

PYMNTS

OCTOBER 20, 2017

It’s probably a good thing, too, considering there has been one high-profile cyberattack after another shaking up the market, including Equifax, SAP, Yahoo, Deloitte and Instagram, just to name a few — and all within just the last few weeks. This California-based startup has a particular cybersecurity focus: payments fraud.

Capital 109

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PYMNTS

JANUARY 17, 2020

In today’s top news, China’s economy grew by its slowest rate since 1990, Alphabet reached $1 trillion market value, and attempted check fraud spiked 43 percent. Alphabet Market Cap Hits $1T. Google’s parent company, Alphabet, reached $1 trillion market value, joining Apple, Amazon and Microsoft in hitting the milestone.

Marketing 130

Marketing Fraud Payments Apple 130

PYMNTS

AUGUST 9, 2017

The financing — from firms such as Synchrony Financial, Work-Bench, Flint Capital and Two Sigma Ventures — will be geared toward building scale, increasing infrastructure and seeking what it termed as “new untapped markets.”. Socure said in a news release that the financing raised to date (which includes the latest round) comes to $27.5

Marketing 105

Marketing Capital Leadership Fraud 105

PYMNTS

FEBRUARY 4, 2019

4) that the fraud was also perpetrated on other British banks. Of those customers impacted by this type of fraud, an extremely small number have been Metro Bank customers and none have been left out of pocket as a result,” a bank spokesperson said. “We billion) hit to the bank’s levels of capital. The bank said on Monday (Feb.

Metro 122

Metro Fraud Study Capital 122

PYMNTS

SEPTEMBER 27, 2017

According to a news report in The Wall Street Journal , the lawsuit, which was filed by the Irving Firemen’s Relief & Retirement Fund, contends that Uber’s ex-CEO, Travis Kalanick, knew he was misleading investors during capital-raising efforts by not informing them that Uber may have broken laws.

Fraud 134

Fraud Software California Capital 134

PYMNTS

DECEMBER 11, 2020

Capital One Halts BNPL Transactions On Its Credit Cards. Capital One Financial Corp is putting a stop to buy now, pay later (BNPL) transactions on its credit cards, calling the dealings “ risky ,” for both consumers and banks. Platform companies are coming to market with increasing frequency. million in consumer losses.

Trends 175

Trends Fraud Millennials Community Bank 175

PYMNTS

MARCH 23, 2018

Jewel Paymentech has forged a capital alliance with Japan’s largest payment processor, GMO Japan, which will be leading the startup’s Series A+ funding round, along with existing backer Tuas Capital Partners. The support will enable the Singaporean startup to make its entry into the highly challenging Japanese market.

Marketing 101

Marketing Fraud Regional Capital 101

PYMNTS

JUNE 21, 2019

Former Barclays boss John Varley has been acquitted in a fraud trial regarding payments made to Qatar while the financial crisis was in full swing, according to a report by the Financial Times. billion but that the deal was not disclosed properly to the market or other investors, and that it secretly paid Qatar £322 million.

Fraud 108

Fraud Cards Capital Groups 108

PYMNTS

NOVEMBER 24, 2020

The combined company, to be led by Metromile CEO Dan Preston , will have a pro forma market capitalization of approximately $1.3 Investors Social Capital, Hudson Structured Capital Management, Miller Value, Clearbridge and Mark Cuban have committed to investing $160 million through a private placement of INSU II Class A common shares.

Arizona 264

Arizona Pennsylvania Capital Washington 264

PYMNTS

MAY 24, 2016

It’s no secret that, as fraudsters continue to evolve and increase the sophistication of their tactics, the­ fraud prevention landscape must do the same in order to stay one step ahead. It’s really a symbol that the market, as well as the technology that exists in the market, is beginning a transformation,” Zielke explained.

Fraud 138

Fraud Innovation Retail System 138

PYMNTS

MAY 8, 2019

PYMNTS readers might recall that late last year, FreightRover secured $500 million in financing to fuel its factoring operations, with the capital coming from Crayhill Capital Management. a trucking firm also based in Indianapolis (capital of a state whose motto is “The Crossroads of America”). Fraud Allegations.

Fraud 135

Fraud Report Indianapolis Leadership 135

PYMNTS

FEBRUARY 19, 2019

During a fraud trial on Tuesday (Feb. Marcus Agius was speaking during a trial of four former Barclays executives accused of lying to the market about fees it paid to Qatar in exchange for investment in the bank. We at Barclays did not anticipate how much worse things were going to get,” he said.

Capital 115

Capital Fraud National Marketing 115

PYMNTS

JANUARY 17, 2017

German and Israeli anti-fraud technology startup Fraugster is working to make fraud detection smarter. The startup recently raised $5 million in a venture funding round led by international venture capital fund Earlybird, along with existing investors Speedinvest and Seedcamp.

Fraud 100

Fraud Technology Data Capital 100

PYMNTS

JUNE 21, 2019

MoneyGram has tapped into foreign exchange markets for settlements in the past. By changing to the XRP digital currency, however, it forecasts lower operating costs along with the value of working capital it needs. How To Build A High Performing Platform Payments Fraud Team. Ripple Drops $50M Into MoneyGram.

Fraud 101

Fraud social media cryptocurrency National 101

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

JUNE 23, 2017

More than $30 million in venture capital stuck around the U.K., million in Series A investment funding led by Propel Venture Partners; Freestyle Capital, Compound, Upside Partnership and Transmedia Capital also participated. and Canada, mostly focusing on Series A investments. Enterprise Security. Corporate Accounting.

Fintech 171

Fintech Marketing New York City Capital 171

Abrigo

JUNE 5, 2023

Banking reports to inform risk management and strategy These reports on capital, growth, and liquidity help financial institutions spot warning signs. Takeaway 2 Reports that assess capital, growth, and liquidity provide banking professionals data to drive decisions. Regulators review them to assess safety and soundness.

Report 195

Report Risk Management Capital Data 195

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

NOVEMBER 7, 2019

The Bank of England has told HSBC to improve compliance controls for non-fiscal factors like fraud and staff conduct, according to a report by Reuters. Samir Assaf, HSBC head of global banking and markets, shared the news with other seniors bankers on Tuesday (Nov. HSBC CFO Ewen Stevenson announced plans to restructure the U.K.

Compliance 101

Compliance Fraud Taxes Regulation 101

PYMNTS

FEBRUARY 29, 2016

That’s the finding of a federal court in Philadelphia on the actions of a former credit card fraud analyst for Capital One, Reuters reported. Securities and Exchange Commission found that Huang had used data kept private by his company to trade in public markets and make approximately $4.4 2015 for a total sum of $4.7

Capital 100

Capital Philadelphia Fraud Security 100

PYMNTS

MAY 23, 2016

Banks may not always be up for overhauling their operations with a largely untested, disruptive technology, but new reports suggest the threat of fraud in one area of corporate finance is encouraging financial institutions to adopt distributed ledger technology in growing volumes.

blockchain 115

blockchain Fraud Bitcoin Survey 115

PYMNTS

DECEMBER 11, 2017

Peter Schiff, CEO of Euro Pacific Capital, and a long-time market forecaster, said that when it comes to bitcoin , investors can’t see any wrong in the cryptocurrency, and predicted its value will ultimately be erased. In the market, it has plenty of value. “Ultimately, I think bitcoin has really no value. .

Bitcoin 100

Bitcoin Capital cryptocurrency Fraud 100

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

Abrigo

MAY 24, 2023

This lack of access to financial services hinders these businesses’ abilities to gain a market foothold and contributes to the flourishing of an unregulated, underground marketplace. Without access to traditional banks, legal cannabis businesses can’t access loans and capital or even use basic bank accounts.

Lending 195

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FICO

DECEMBER 5, 2022

Top 5 Surprises from FICO’s Fraud and Digital Banking Survey. Our survey found that good fraud protection is paramount for customers - even though they themselves may exaggerate income or claims. A report released by the FTC in February 2022 indicates a 71% increase in fraud in 2021, which cost consumers roughly $5.8 FICO Admin.

Survey 52

Survey Fraud Digital Banking social media 52

FICO

JUNE 15, 2021

All too often, elders today are the targets of residential real estate fraud and scams. Scammers capitalize on a hot real estate market. However, the hot real estate market has been a stark contrast to many seniors’ cooling personal finances. The Galloping Growth of Merchandise Muling. by Darryl Knopp.

Fraud 98

Fraud Capital Marketing Analysis 98

PYMNTS

JUNE 22, 2020

Intellicheck said Friday (June 19) the proceeds, totaling $10 million, will be used for general corporate purposes and working capital. Northland Capital Markets is act ing as the manager for the offering and B. Riley FBR is serving as the company’s financial adviser. “We Net income in the first quarter was $27,000 or $0.00

Compliance 151

Compliance Fraud Capital Marketing 151

ATM Marketplace

APRIL 2, 2021

With over 16 years of experience working with companies like Capital One, Billtrust, and now Nvoicepay, she delivers scalable payment solutions to mid-market and enterprise companies. Kristin Cardinali is vice president of regional sales at Nvoicepay, a Fleetcor company. Cardinali shares wher thoughts on virtual card programs.

Cards 78

Cards Fraud Regional Capital 78

PYMNTS

APRIL 26, 2019

The Journal reported that Tether has “become a major source of liquidity in the cryptocurrency market,” and about 80 percent of all bitcoin trading is done in Tether, as research site CryptoCompare has estimated. The attorney general’s complaint states that Crypto Capital failed to process redemption orders.

Fraud 134

Fraud Bitcoin cryptocurrency United States 134

CB Insights

APRIL 5, 2022

CB Insights examined payments tech markets using the MVP framework. This methodology scores top tech markets across two metrics: Market momentum — Measures private market activity as a signal of the degree of overall market potential. Want the full expert post? Become a CB Insights customer.

Compliance 36

Compliance Fraud Technology Payments 36

PYMNTS

MARCH 27, 2020

It’s too soon to tell how coronavirus will impact the venture capital ecosystem, but some analysts are turning to the economic crisis of 2008 to make some educated guesses. In a recent report, CrunchBase looked back at how VC investors reacted to the market downturn over a decade ago. Arkose Labs.

Cards 181

Cards Fintech Capital California 181

Gonzobanker

SEPTEMBER 21, 2023

CSI partnered with Dragonfly for treasury management and with Hawk AI for fraud and anti-money laundering solutions. Petal spun off Prism Data , a cash flow underwriting solution, and raised equity financing with existing investors and debt financing from Victory Park Capital. Jack Henry expanded its partnership with SMA Technologies.

Fintech 103

Fintech Software Illinois Lending 103

PYMNTS

DECEMBER 17, 2019

Headlines are filled with reports of service outages and data breaches , and both banks and consumers are contending with rising fraud concerns as digital banking takes off. Fraud threatens everyone, yet customers rely on their banks for protection. The Technology Gap That Fosters Fraudsters.

Technology 142

Technology Fraud Data Security 142