PYMNTS

AUGUST 11, 2020

One business owners said he felt as if he were dealing with an entity almost like “a gangster operation.”.

Lending 237

Lending Regulation Philadelphia New York 237

PYMNTS

JULY 6, 2020

Wirecard continues to dominate the headlines in the realm of corporate fraud thanks to $2 billion missing from the company’s books, but it’s not the only company at the center of questionable activity. 34 percent of furloughed employees were asked to commit furlough fraud , according to a survey from U.K.-based

Fraud 148

Fraud Missouri California Report 148

PYMNTS

APRIL 26, 2019

Cryptocurrencies declined in trading Thursday (April 26) night after the New York Attorney General went after Bitfinex, a crypto exchange, for hiding the fact it’s missing $850 million. The New York AG says the funds used from Tether total $850 million. Tether is backed by the U.S. dollar and is known as a stablecoin.

Bitcoin 115

Bitcoin New York cryptocurrency Meeting 115

PYMNTS

NOVEMBER 3, 2017

It was a busy time for B2B venture capital this week, and while funding ranged across verticals from expense management to SaaS, there was a clear theme in investment rounds: high-tech data analytics. Intel Capital, California Technology Ventures, Tesi, SmartFin Capital and Open Ocean also participated in the round.

Analytics 189

Analytics Data Capital San Francisco 189

PYMNTS

NOVEMBER 3, 2016

2) that it, along with the New York Attorney General, launched a lawsuit against what it said are the leaders of a “massive debt collection scheme” based in Buffalo, New York. The CFPB wants to shut down the operation and to obtain compensation for the victims.

New York 100

New York Operations Capital Groups 100

PYMNTS

DECEMBER 20, 2019

Tons of capital was raised and spent on new systems and processes. Others are getting into the act, and quickly too, including New York City-based mobile store Bandit, various pop-ups and so-called “phantom kitchens” without seating from quick-service restaurants (QSRs) including Wendy’s and Chick-Fil-A. Chargebacks Bite.

Mobile 131

Mobile Fraud New York City Metro 131

PYMNTS

JANUARY 5, 2020

“The SEC staff’s quick actions exposed the full scope of Meenavalli’s fraud and resulted in additional monetary and prophylactic relief to prevent him from defrauding U.S. The SEC asked a New York federal judge on Thursday (Jan.2) Some 44 percent of crypto and blockchain firms operating in Israel were self-funded in 2019.

blockchain 132

blockchain Bitcoin cryptocurrency Operations 132

Insights on Business

NOVEMBER 8, 2018

Banks are reinventing not only their infrastructure but their operating models, too, in order to win on the battleground of customer experience. Rob Palacios, EVP and Director of TCB Labs at Texas Capital Bank, sat down with Yousef Hashimi from IBM at Money2020 to discuss the banks’ work around AI and their use of the IBM Garage.

Industry 143

Industry San Francisco New York City Fraud 143

PYMNTS

JUNE 28, 2019

Corporate travel and expense (T&E) management solutions provider TripActions led this week’s B2B venture capital roundup with its announcement of new funding that propelled its valuation to $4 billion. Lulalend lends directly to SMBs that can apply online, with an automated approval process accelerating access to capital.

Capital 108

Capital Analytics San Francisco Lending 108

PYMNTS

DECEMBER 13, 2017

Treasury Link has also integrated cash flow management, fraud and authentication capabilities, while its electronic payment service supports domestic and cross-border wire and ACH payments. What makes Santander Treasury Link such a highly competitive and useful product is its convenience, flexibility and customized controls.

Management 105

Management New York Fraud Tools 105

PYMNTS

JUNE 3, 2016

There may be a few resilient, strategic entrepreneurs out there who don’t need venture capital to run a successful startup. Such was the case for several companies profiled this week by The New York Times , which shed light on the minority of startup owners that decide not to take outside investment. Enterprise Security.

Security 100

Security Data Analytics Capital 100

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. Crescent Ridge Capital Partners’ elaborate Ponzi scheme.

Fraud 78

Fraud Las Vegas Company Video 78

PYMNTS

FEBRUARY 4, 2019

Former Israeli intelligence agents or military members have taken the knowledge they gained during their service and contributed to artificial intelligence (AI), fraud prevention and other efforts that do make — or can end up making — a difference in the daily lives of consumers. Department of Defense (DOD) or NATO , for instance.

Fraud 161

Fraud Illinois Retail Security 161

PYMNTS

MAY 28, 2019

million buyers who operate in industries such as website development, logo design and blog writing. The company previously raised $111 million in venture funding from Accel, Bessemer Venture Partners, Square Peg Capital, Qumra Capital and others. billion – of funds were lost to card fraud in 2018, up from $1.4 billion.

Apple 159

Apple Mobile Fraud Branding 159

PYMNTS

MARCH 13, 2019

Being strongly aware of the money laundering and financing of terrorism risks associated with entities operating in this sphere, the decision has been [made] to engage the services of CipherTrace in order to reduce fraud and detect transactions with illegal sources of funds,” said MFSA CEO Joseph Cuschieri, according to CoinDesk.

blockchain 116

blockchain Bitcoin New York ATM 116

PYMNTS

MARCH 8, 2017

The second largest transaction came in the cybersecurity and fraud space, where Palo Alto Networks bought LightCyber, which aids in attack detection, for $105 million. The company plans to continue investing heavily in its security and fraud capabilities. Looking at the regional breakdown, the U.S.

Mobile 108

Mobile Marketing San Francisco Fraud 108

PYMNTS

MARCH 22, 2016

Those named in the case are casino junket operators Weikang Xu and Kam Sin Wong, whom allegedly received a sum of money that was taken during the hacking. Meanwhile, the Bangladesh bank has also officially hired a lawyer , reported Reuters, for a potential lawsuit against the New York Federal Reserve.

New York 100

New York Course Security Report 100

PYMNTS

APRIL 26, 2017

Online lending as a business model has taken some lumps over the last several months, with Lending Club (and investors) only the most visible casualty of alleged fraud. One of the big challenges, said Moore, is for the institutional investor to be able to validate the integrity of the loan data itself. . not being directly underwritten). .

Lending 101

Lending New York City Online Fraud 101

PYMNTS

NOVEMBER 23, 2017

Attorneys general in Connecticut, Illinois, Massachusetts and New York said they were launching their own investigations. Earlier this year, London’s transport authorities declined Uber’s application to renew its operating license, banning the ridesharing company from operating in the U.K.’s s capital.

Regulation 100

Regulation Cyber Security Connecticut Illinois 100

PYMNTS

JUNE 29, 2017

Bank of America has Erica (or will soon), JPMorgan Chase has COIN and Capital One has Eno. On the other side of the planet, DBS Bank (one of the largest banks in Asia) is offering the same functionality to three new markets as it rolls out its all-mobile banking platform digibank in India, Singapore and Indonesia.

Marketing 103

Marketing New York City Training Mobile 103

Fintech Labs Insights

DECEMBER 15, 2016

In a round led by Flint Capital, digital identity verification technology specialist Socure has raised $13 million in funding. Featuring participation from ff Venture Capital, Santander InnoVentures, and Two Sigma Ventures, this week’s investment takes Socure’s total financing to more than $17 million.

Capital 12

Capital New York Compliance Millennials 12

CB Insights

FEBRUARY 13, 2020

This growth has created major opportunities in the payments space, and companies like Stripe — the payments unicorn valued at a masive $35B — are hungry to capitalize on them. Fraud prevention tools. Atlas reduces barriers to new business creation. Sigma aims to streamline business operations. Virtual card issuance.

Online 98

Online Company Retail Payments 98

Independent Banker

DECEMBER 31, 2021

will continue its mission to fund microloans to new small businesses in New York City’s low-income neighborhoods, says president and CEO Carlos P. Badger Bank is having trouble finding staff “across the board,” from operations to tellers and trust officers. “We finds talk of raising capital thresholds concerning.

Community Bank 144

Community Bank Community Lending Louisiana 144

Gonzobanker

DECEMBER 19, 2022

In December, the founder and CEO of Crypto Exchange company FTX was arrested in the Bahamas (yah, don’t ask) and charged with fraud and conspiracy. 2022 was the year the fintech industry and venture capital firms figured out that banking is harder than everybody thought. The New Name for Community Award.

Community 216

Community Fintech Industry Innovation 216

Gonzobanker

DECEMBER 20, 2019

The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. Yet the Gonzo team has to give a shout out to the late entry of Texas Capital and Independent Bank. The Tech Award – Goes to Capital One. Best of luck in the next chapter, Chris!

Idaho 148

Idaho Conference Data Marketing 148

CB Insights

MARCH 6, 2019

Companies across industries from food delivery to mobile payments disintegrate for all kinds of reasons, from technology errors and logistical challenges to overspending and outright fraud. Venture capitalists initially balked at investing in the company because Holmes refused to demonstrate her technology, according to the New York Times.

Report 78

Report San Francisco Capital New York 78

PYMNTS

SEPTEMBER 30, 2017

Uber : The ride-hailing firm is being sued by shareholders who are claiming fraud, due to the fact that the company — via ex-CEO Travis Kalanick — allegedly did not disclose during capital-raising efforts the fact that Uber may have broken laws. A little housekeeping seems in order. million more additional fake accounts.

Puerto Rico 101

Puerto Rico ATM United States Security 101

CB Insights

NOVEMBER 9, 2017

In this review of failure, we’ve looked in our venture capital database to find the most well-funded startup companies that ultimately failed or had an undesirable exit, such as an asset sale or an acquisition for less than the total funding raised by the company. The 101 Biggest Product Failures Of All Time. A most-wanted founder.

Capital 78

Capital Company San Francisco Operations 78

Fintech Labs Insights

MARCH 29, 2017

We saw some great stuff at FinDEVr New York last week; stay tuned for videos of the live presentations! Twitter Talk from FinDEVr 2017 New York. The Favorites of FinDEVr 2017 New York. The Favorites of FinDEVr 2017 New York. Register today and save big time. On FinDEVr.com. Alumni updates.

New York 12

New York Cyber Security Video Capital 12

CB Insights

MAY 15, 2019

As fintech plays a larger role in the financial ecosystem, companies are looking for ways to use tech to solve problems and find new opportunities in the space. Companies are turning to accelerators, funds, and labs to try to find the next big thing that will reduce fraud, speed up transaction times, and catch on with consumers.

Innovation 78

Innovation blockchain Technology Groups 78

PYMNTS

MAY 27, 2016

I was reminded yesterday in my digital discussion with the CEO of Forter, Michael Reitblat, that 83 percent of the fraud attacks last year were the result of botnets, besting some of the more “tried and true” tactics like account takeovers and phishing. Angela Ahrendts.

Bitcoin 109

Bitcoin Fraud Mobile Apple 109

PYMNTS

APRIL 7, 2017

The first big credit card fraud, he said, done by hackers, came in at about $100 million. The biggest bank robbery on American soil, said Stavridis, has ensnared the Bank of Bangladesh, through the New York Federal Reserve Bank, to the tune of more than $80 million — and now directly connected to North Korea.

National 102

National Georgia Security Innovation 102

PYMNTS

OCTOBER 20, 2018

If we had a nickel for every mobile wallet that had come and gone in that time period, we would at this point be larger than The New York Times. Well, that’s how we remember it, anyway. Nine years is a long time, after all. But, back to the earth-shaking events of nine years ago. 20, 2009. James McEveley , co-founder, Square.

Innovation 177

Innovation Payments Cards Retail 177

Lex Sokolin

OCTOBER 14, 2020

So you soldier on and bring in hard-nosed hedge fund capital. So you decide to aggregate your own capital through deposits and buy Radius bank. This geography too had a p2p lending explosion, which in large part involved fraud and bankruptcy. Maybe sell them downstream into fixed income funds. You’re a bank now anyway.

Lending 52

Lending User Experience Google United States 52

Fintech Labs Insights

AUGUST 4, 2015

The debt financing adds to the more than $4 million in equity capital Socure has earned. million investment last November that featured participation from ff Venture Capital, Founder Collective, and Two Sigma Ventures. To learn more about our upcoming conference in New York City, visit our FinovateFall 2015 page.

Security 12

Security New York City New York Conference 12

CB Insights

OCTOBER 26, 2020

In the US, legislation emerged to forbid investment banks from prop trading, or trading with their own capital, and forcing them to keep more capital on hand. While the rules against prop trading have more recently been loosened, the restriction has still changed how investment banks operate. Table of contents. STAYING PRIVATE.

Management 78

Management Capital Company Marketing 78

Gonzobanker

DECEMBER 17, 2021

Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. CAP COM and SEFCU in New York come to together to create an $8 billion cooperative organization. Acronym of the Year. Has to be M-O-E. Credit Union Merger of the Year.

Fintech 143

Fintech Strategy Leadership Lending 143