PYMNTS

AUGUST 1, 2019

Corporate credit card data was not exposed in the massive Capital One data breach that came to light earlier this week, according to Business Travel News reports. While customers of Capital One’s commercial banking division were not affected, reports noted that small business customers were affected by the breach.

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Capital Data Cards Seattle 122

Payments Source

AUGUST 4, 2019

Under the regulation, banks and financial services providers must secure their own systems as well as implement third-party risk management programs, which can mitigate insider threats from third parties, says Michael Magrath, director of global regulations and standards for OneSpan.

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New York National Capital Risk Management 67

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.

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PYMNTS

APRIL 29, 2019

As part of the agreement, the company must pay restitution to shareholders, as well as implement internal controls and cooperate with the investigations of the former executives allegedly involved in the fraud. While the company previously traded on the New York Stock Exchange, it was delisted last year and now trades over the counter.

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Fraud Indianapolis New York Operations 108

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.

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PYMNTS

FEBRUARY 27, 2017

Capital One Financial disclosed in a Securities and Exchange Commission filing last week that it’s being investigated by the New York District Attorney’s Office, the Justice Department and the Financial Crimes Enforcement Network of the Treasury Department for its anti-money laundering program.

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Capital New York Cards Security 100

PYMNTS

AUGUST 11, 2020

The network said recent government actions against players in the industry include a July 28 FBI raid and related Securities and Exchange Commission lawsuit against Par Funding of Philadelphia; a Federal Trade Commission (FTC) suit against RCG Advances of New York; and an FTC suit against Yellowstone Capital of New York — have been sued by the Federal (..)

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Lending Regulation Philadelphia New York 237

PYMNTS

MAY 1, 2019

Bitfinex is the cryptocurrency exchange that last week was swept up in an investigation over a coverup alleged by the New York State Attorney General to have involved as much as $850 million in losses. Bitfinex had allegedly sent as much as $850 million to a firm based in Panama, Crypto Capital Corp.

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Bitcoin Fraud New York cryptocurrency 139

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.

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Report Risk Management Capital Data 195

PYMNTS

OCTOBER 4, 2016

As reported by Courthouse News Service , the financial giant has been ordered to face claims of as much as $163 million tied to allegations of fraud that Wachovia used certain securities as a “dumping ground” for assets the bank no longer wanted to hold. That debt had been sold by Wachovia’s capital markets division.

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Fraud New York Capital Security 176

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

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Fraud Missouri California Report 148

PYMNTS

APRIL 26, 2019

The slide comes as the New York state attorney general has accused Bitfinex , a cryptocurrency exchange, of covering up missing funds — $850 million worth — through illegal transactions. The attorney general’s complaint states that Crypto Capital failed to process redemption orders.

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Fraud Bitcoin cryptocurrency United States 134

PYMNTS

JULY 28, 2020

The company is offering 150 million shares for $20 to $22 each, according to the Tuesday (July 28) filing with the Securities and Exchange Commission (SEC), Bloomberg wrote. and Royal Bank of Canada , and will appear on the New York Stock Exchange (NYSE) under the symbol RKT. The offering will be led by Goldman Sachs Group Inc.,

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Cleveland Detroit New York Company 140

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.

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Mobile Fraud New York City Metro 131

PYMNTS

DECEMBER 15, 2017

By now, the alternative lending market is hardly new, and investor appetite for startups in the space seems to have waned. This week, alternative finance companies raised more than $77 million in venture capital funding, accounting for nearly 70 percent of total funds raised by B2B FinTech startups this week. Enterprise Security.

Fraud 115

Fraud Capital New York City Lending 115

PYMNTS

MARCH 15, 2016

It turns out those funds were stolen from Bangladesh’s account at the New York Fed through the use of official government codes. The details of the breach that have been reported indicate that $81 million was taken from the New York Fed and stashed into a Philippines personal bank account.

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New York Course System Security 50

PYMNTS

JANUARY 23, 2019

In a press release issued Tuesday, Swift Prepaid said it will integrate its prepaid services to enable Bitty small business customers immediate access to virtual funds after they secure a merchant cash advance. The funds can then be uploaded to a mobile wallet, including Apple Pay, Samsung Pay and Google Pay.

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Samsung New York Branding Apple 162

BankInovation

NOVEMBER 12, 2021

Shifting consumer behavior toward more online transacting and financial services — and rising online fraud — are among the drivers behind the rapid growth of automated identity verification technology provider Socure, which this week closed a $450 million series E funding round. The New York-based fintech has raised a total of $649.6

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Online New York Fraud Fintech 98

PYMNTS

SEPTEMBER 17, 2019

The FCA first began investigating the high street bank in February after it miscalculated the capital needed for numerous loans. In February, the bank was targeted by a cyberattack in which criminals penetrated its customer text messaging system, leading some Metro customers to fall for the fraud.

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Metro Management Regulation New York 116

PYMNTS

FEBRUARY 4, 2019

What eventually becomes cutting-edge in retail and payments often originates in places that are dedicated to security, not commerce. New technology often starts out at the U.S. Authorities and prison technology companies say this mass biometric surveillance supports prison security and fraud prevention efforts.”.

Fraud 161

Fraud Illinois Retail Security 161

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.

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Analytics Data Capital San Francisco 189

Insights on Business

NOVEMBER 8, 2018

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. There was a lot of buzz at the event on fighting fraud faster as criminals have become more adept at fraud schemes in record time.

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Industry San Francisco New York City Fraud 143

PYMNTS

OCTOBER 1, 2019

With new venture capital from Mastercard, Comcast, Samsung and other investors, New York-based tech startup HYPR has notched $18.3 The company sells authentication software to Mastercard, T-Mobile, Rakuten and Aetna, and the round was led by the venture capital arm of Comcast, Fortune reported. .

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Software Samsung Google New York 100

PYMNTS

JUNE 23, 2017

More than $30 million in venture capital stuck around the U.K., This week the company announced two new solutions as well as $6.5 million in Series A investment funding led by Propel Venture Partners; Freestyle Capital, Compound, Upside Partnership and Transmedia Capital also participated. Enterprise Security.

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Fintech Marketing New York City Capital 171

PYMNTS

MARCH 22, 2016

This case has also involved the FBI, as that $101 million was stolen from the central bank’s account with the New York Federal Reserve, which was eventually funneled into accounts in the Philippines and Sri Lanka. ” The Fed has not formally responded to the most recent reports. That amount, of course, set off red flags.

New York 100

New York Course Security Report 100

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

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. We are pleased to be working in partnership with New York Attorney General Schneiderman to hold these companies accountable.”.

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New York Operations Capital Groups 100

PYMNTS

MAY 28, 2019

The company previously raised $111 million in venture funding from Accel, Bessemer Venture Partners, Square Peg Capital, Qumra Capital and others. The company recently filed paperwork with the Securities & Exchange Commission (SEC) to go public on the New York Stock Exchange. Just under $3 billion – or $2.7

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Apple Mobile Fraud Branding 159

PYMNTS

AUGUST 10, 2016

Social Security numbers, medical information, bank account numbers and claims information were not part of the hack. John Huff, director of the Missouri Department of Insurance, said in a statement in the report that information on 411,786 members of Blue Cross Blue Shield of Kansas City was potentially taken.

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Kansas City West Virginia North Carolina Company 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

JUNE 23, 2016

That cyberheist, of course, is the case of the missing $81 million from the cyberheist at the central bank of Bangladesh through its account at the New York Fed. That $81 million was stolen from Bangladesh’s account at the New York Fed through the use of official government codes and stashed into a Philippines personal bank account.

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Management New York Security System 106

PYMNTS

SEPTEMBER 28, 2016

The New York’s Metropolitan Transportation Authority (MTA) has placed any business and bond transactions and Wells Fargo Securities’ ability to approve as a senior manager for bond transactions on hold pending a review of the bank’s questionable practices, according to Fidelity.

New York 100

New York Security Analysis Cards 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.

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Marketing New York City Training Mobile 103

PYMNTS

MAY 27, 2016

Some focus on specific verticals, like restaurants; Some take unique routes to enterprise security, from password management to email protection. The B2B venture capital roundup this week is flush with startups providing services to other corporates that, in one way or another, impact the business’ bottom line. SME Lending.

Capital 100

Capital Management Taxes Security 100

PYMNTS

NOVEMBER 23, 2017

Attorneys general in Connecticut, Illinois, Massachusetts and New York said they were launching their own investigations. s National Cyber Security Centre to determine how large the breach was and how many people in the U.K. s capital. Meanwhile, in the U.K., The ICO plans to work with the U.K.’s were impacted by it.

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Regulation Cyber Security Connecticut Illinois 100

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

PYMNTS

MARCH 17, 2017

At the tail end of last week, the Securities and Exchange Commission ruled the proposed Winklevoss bitcoin ETF a no-go by nixing a proposed rule change that would have led to the fund being listed on the Bats BZX Exchange. Lack of oversight, regulation and the potential for fraud in the broader bitcoin space. The reason?

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Bitcoin Regulation cryptocurrency blockchain 123