PYMNTS

AUGUST 23, 2019

An unnamed faction of the coalition of 28 organizations called on by Facebook to help bring Libra to fruition, including Visa and Mastercard, are reportedly looking for ways to distance themselves from the company after intense worldwide regulatory scrutiny regarding the proposed cryptocurrency. Adyen Gains Traction With Mid-Market Firms.

Marketing 116

Marketing Millennials Payments Compliance 116

Abrigo

MARCH 7, 2022

The world of FinCrime is more dynamic than ever, with fraud escalating thanks to an increase in mobile payments precipitated by the pandemic and security concerns rising over the Russian conflict in Ukraine. Cryptocurrency In general, traditional financial institutions have a low risk tolerance for banking cryptocurrency.

cryptocurrency 195

cryptocurrency Regulation Fraud Policies 195

FICO

DECEMBER 17, 2020

Cryptocurrency exchange rates have skyrocketed in the past month. According to a recent report , the total of cryptocurrency related frauds and thefts stands at a staggering $7.69b. billion of losses stemming from fraud, scams, and misappropriation of funds. This includes $2.8 This includes $2.8 by Sebastian Hetzler.

cryptocurrency 52

cryptocurrency How To blockchain Analysis 52

FICO

AUGUST 12, 2021

Financial Institutions’ compliance officers and teams should be concerned that Open Banking may render their existing AML/CTF and KYC compliance programs inadequate. They provide added services to customers ranging from personal budgeting and spending alerts to personal funds transfers and cryptocurrency wallets.

Compliance 52

Compliance Regulation cryptocurrency Marketing 52

PYMNTS

FEBRUARY 18, 2019

Cryptocurrency has come a long way since bitcoin’s emergence as an unregulated, anonymous payment technology. Perhaps the most poignant moment in this evolution came about last week when JPMorgan Chase announced the development of the JPM Coin, the first bank-backed cryptocurrency in the U.S.,

cryptocurrency 175

cryptocurrency Payments blockchain Compliance 175

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.

blockchain 100

blockchain cryptocurrency Compliance Fraud 100

Abrigo

MARCH 11, 2022

Thanks to an increase in mobile payments precipitated by the pandemic and rising security concerns due to the Russian conflict in Ukraine, the world of financial fraud prevention is more dynamic than ever. Cryptocurrency In general, NBFIs have a higher risk tolerance for cryptocurrency than traditional financial institutions.

Regulation 195

Regulation cryptocurrency Policies Management 195

PYMNTS

APRIL 3, 2018

Securities and Exchange Commission (SEC) has charged two founders of a cryptocurrency company for an allegedly fraudulent initial coin offering (ICO) that raised more than $32 million. Endorsements and glossy marketing materials are no substitute for the SEC’s registration and disclosure requirements, as well as diligence by investors.”.

social media 101

social media Fraud cryptocurrency Branding 101

Abrigo

JUNE 27, 2023

Key Takeaways Real estate markets are vulnerable to money laundering and fraud because of their transaction size and appreciation over time. The real estate market is enticing to more than just new homeowners or investors. Real estate market AML risks Real estate is a proven, traditional, and well-established marketplace.

El Paso 195

El Paso Miami United States New York City 195

PYMNTS

SEPTEMBER 30, 2020

In today’s top news in digital-first banking, global card issuing platform Marqeta debuted its Tokenization-as-a-Service (TaaS) offering, while the Bank of New York Mellon (BNY Mellon) has named a new executive for global market infrastructure. BNY Mellon Names Robin Vince To Lead Global Market Infrastructure.

Marketing 130

Marketing New York Cards Conference 130

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.

Compliance 100

Compliance blockchain Regulation Data 100

PYMNTS

SEPTEMBER 30, 2018

1) that IdentityMind’s pioneering compliance, risk management and fraud prevention platform has integrated CipherTrace ’s digital currency risk assessment technology. Working together with CipherTrace, we bring transparency, integrity and compliance to the world of virtual currencies.”.

Compliance 144

Compliance cryptocurrency Risk Management Fraud 144

CFPB Monitor

JULY 27, 2020

cryptocurrency custody services on behalf of customers, including by holding the unique cryptographic keys associated with cryptocurrency.” It makes the “suggestion” to confer first with the OCC before onboarding any cryptocurrency clients. The key phrase above is “any lawful business.” The letter states that the OCC.

National 113

National cryptocurrency Risk Management Regulation 113

Abrigo

FEBRUARY 25, 2022

Takeaway 3 Keep an eye on updates to changing markets, including cannabis and antiquit ies trading . Virtual currency on the rise One of the most notable reforms of the AMLA is that it revised the BSA to clearly include cryptocurrency and other digital assets within its regulatory scope.? What to Watch.

Regulation 195

Regulation Policies Compliance Washington 195

PYMNTS

SEPTEMBER 29, 2017

Switzerland is the latest nation to take a harder look on this new crowdfunding method, which allows cryptocurrency entrepreneurs to raise millions by creating and selling digital “tokens.”. Bancor Protocol, a Zug-based foundation enabling the creation of other cryptocurrencies, raised over $150 million in June.

cryptocurrency 124

cryptocurrency Bitcoin Regulation blockchain 124

PYMNTS

JULY 22, 2019

Providing onboarding services in the Latin American market is both an exciting opportunity and a challenging one. And there is no shortage of interest in the region in that ability, with particular interest coming from the financial services sector, the cryptocurrency markets and in the healthcare vertical. A Diversity Of Needs.

Innovation 161

Innovation Payments Regional America 161

PYMNTS

JANUARY 6, 2019

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. I really related to TrustToken’s vision to foster a new financial future which is resilient to fraud, failure and greed.”.

blockchain 160

blockchain Bitcoin Compliance Regulation 160

CB Insights

SEPTEMBER 7, 2021

For example, online exchanges are making cryptocurrency trading and investing more accessible to consumers. This market map consists of private, active companies only and is not intended to be exhaustive of the space. To explore more companies in this market map in more detail, clients can check out our Blockchain Collection.

blockchain 101

blockchain Company cryptocurrency Examples 101

CB Insights

AUGUST 3, 2017

Our analysis delves into companies that focus on the financial services industry, including commercial banking and credit offerings, insurance, asset management, accounting, business management, personal finance, and regulatory & compliance services. Note that the market map is illustrative, and not exhaustive of companies in the space.

Company 65

Company Fintech Comparison Marketing 65

PYMNTS

NOVEMBER 14, 2019

Having employees in multiple markets around the globe may have been a challenge reserved for the largest multinational conglomerates of the past, but today, global expansion is an ever-more attainable reality for smaller businesses, Guez added. Compliance is still a major challenge. The Distributed Workforce.

Payments 127

Payments Compliance Taxes Technology 127

Let's Talk Payments

APRIL 20, 2016

Cryptocurrencies seem to be taking a special place in the minds of financial industry professionals as a wide range of cryptocurrencies have reached quite a significant market capitalization and turnover.

cryptocurrency 40

cryptocurrency Capital Industry Marketing 40

PYMNTS

APRIL 18, 2017

And that’s why they have turned to alternative payments as a way to both get paid and elude the traps that fraud detection systems have put up to find them. One of the biggest hurdles in perpetrating fraud online is getting paid — and why fraudsters are always onto the next best opportunity. Payment Hustlers on the Rise.

Payments 113

Payments Fraud cryptocurrency Online 113

PYMNTS

JANUARY 20, 2017

ChronoBank.io, the cryptocurrency company that is trying to change the short-term labor market, is aiming to launch an exchange early next year where buyers and sellers of different trades can trade skills for money and time. The idea is to disrupt the recruitment market, which ChronoBank.io ChronoBank.io

blockchain 100

blockchain Tools Capital Bitcoin 100

PYMNTS

SEPTEMBER 17, 2018

Going forward, HomeAway plans to explore emerging payment technologies, including cryptocurrencies. Our current strategy is to prioritize the most preferred payment methods in each market, while keeping a close eye on consumer trends in areas such as financing large purchases, group payments, wallets and even blockchain.”.

Data 122

Data Analytics Security Payments 122

PYMNTS

DECEMBER 8, 2020

The latest arena for money laundering is through cryptocurrency , a burgeoning market expected to be valued at $1.4 Experts estimate that cryptocurrency-related crimes totaled $4.3 billion in laundered money , with this problem only expected to grow as cryptocurrencies grow more popular. billion by 2024.

cryptocurrency 261

cryptocurrency Mobile Compliance Analysis 261

PYMNTS

FEBRUARY 28, 2018

Why should organizations say “yes” to purchase order matching and “no” to cryptocurrencies? Adopting a purchase order (PO) matching process is a significant marker of maturity, according to Rob Israch, chief marketing officer for accounts payable (AP) automation startup Tipalti. Why bother making new and old systems play nice together?

blockchain 100

blockchain System cryptocurrency Regional 100

PYMNTS

JUNE 20, 2019

The problem is the tides in the market are changing extremely quickly — and fraudsters and other bad actors in the system are always aiming for speed in their pivots. What the market needs at the moment is more confidence in the data it is working with to repel those efforts, not less. “A Big ships take a while to turn.

Data 166

Data cryptocurrency Regulation Compliance 166

Insights on Business

DECEMBER 19, 2018

It moves beyond the traditional rules-based alert detection, enabling firms to proactively monitor employees in real-time including emails, chat transcripts, voice recordings, trade and market data. Getting a better perspective with holistic surveillance.

Regulation 111

Regulation Innovation Compliance Risk Management 111

PYMNTS

JUNE 27, 2016

“Over the past few years, the rise of new financial marketplaces, globalized eCommerce, cross-border payments, international remittances, and cryptocurrencies have become significant opportunities for banks,” Caldera wrote in a recent report. 3. Multi-level marketing: $32 billion. Payday loans: $46 billion.

Regulation 101

Regulation Guidelines Risk Management Operations 101

PYMNTS

MARCH 12, 2018

The goals by and large may be noble ones, as real companies come to market and bypass traditional conduits – saving time, perhaps, as they want to bring new services and ideas tied to blockchain to fruition. Coinist.com estimates that the average amount in its “biggest ICO index” stands at $59 million. And yet: How and why to regulate?

Regulation 117

Regulation Security Course blockchain 117

FICO

MARCH 6, 2020

Visma Connect recently interviewed Jürgen Krieg, FICO's head of global compliance sales. In this excerpt from that article, Jürgen elaborates on the importance of compliance. . At FICO, I am responsible for planning and implementing growth strategies to develop new markets, and the expansion of our compliance business globally.

Compliance 81

Compliance Technology Fraud Analytics 81

PYMNTS

AUGUST 13, 2018

Leonardo Real, Tether’s chief compliance officer, told the WSJ that since Friedman was let go, it has had a hard time finding a reputable firm to audit it. Over the past year-and-a-half, Tether’s market value has risen to $2.4 The WSJ noted that in 2017, Tether hired Friedman to audit the reserves.

US 100

US Bitcoin Report Compliance 100

PYMNTS

JANUARY 19, 2021

But as GeoGuard CEO David Briggs and People’s United Bank VP of Financial Crimes and Fraud Intelligence Karen Boyer told Karen Webster, realizing the full benefits of using geolocation will take a bit of education – for consumers, yes, but also for banks. Not all data are created equal, of course. percent,” he said.

Data 227

Data Fraud Los Angeles Compliance 227

PYMNTS

JANUARY 1, 2021

Indian FinTech Cashaa and the country's United Multistate Credit Cooperative Society teamed up to launch what they say is the world's first cryptocurrency bank branch through a joint-venture bank called Unicas, according to a release. The operation also will provide traditional banking services, according to the backers.

Miami 201

Miami Bitcoin cryptocurrency Florida 201

FICO

APRIL 19, 2021

million coins in circulation, the overall market value of Bitcoin is about $1.1 Last month, too, JPMorgan Chase launched a structure note offering to give clients a way to gain exposure to Bitcoin and other cryptocurrencies. With an estimated 18.7 trillion—too big for banks to ignore. Ride the Rails, Pay the Price (of Identification).

cryptocurrency 52

cryptocurrency Bitcoin Compliance Resources 52

Abrigo

AUGUST 19, 2022

You might also like this webinar, "Balancing compliance risk & reward with high-risk businesses." Fraud Prevention. Fraud Prevention. Cryptocurrency risks, rewards and red flags for financial institutions. keep me informed. Download whitepaper. BSA Rules and Regulation. Customer Due Diligence. Learn More.

ATM 195

ATM Regulation Fraud Policies 195

PYMNTS

DECEMBER 14, 2017

It’s been a newsworthy week for bitcoin, with agencies around the world concerned with a potential bubble involved in cryptocurrency. It also included banks outside this profile and represents a broad range of FIs reflective of the market.

Bitcoin 122

Bitcoin Data Compliance Survey 122