PYMNTS

JULY 2, 2020

Prominent OTC trader Zhao Dong , of crypto lending platform RenrenBit , was held up by police in the city of Hangzhou, the report says. According to RenrenBit, Zhao has been released and is now assisting police in investigations on anti-fraud and anti-money laundering issues, CoinDesk reported.

blockchain 131

blockchain Report Bitcoin cryptocurrency 131

PYMNTS

SEPTEMBER 30, 2020

SALT Blockchain is the firm behind SALT Lending , a loan offering supported by digital currency. And, the SEC said that SALT Blockchain has to provide a reimbursement to clients that bought SALT tokens in a 2017 initial coin offering (ICO), Decrypt reported.

Florida 151

Florida Lending blockchain National 151

CFPB Monitor

JULY 19, 2022

On July 13, 2022, the House Committee on Oversight and Reform, Subcommittee on National Security held a hearing entitled “Protecting Military Servicemembers and Veterans from Financial Scams and Fraud.” Malini Mithal testified that the FTC received over 200,000 reports of military fraud in 2021, totaling over $267 million in losses.

Fraud 78

Fraud National Security social media 78

Javelin Strategy & Research

NOVEMBER 15, 2022

Banner Section Home Rss.xml 2023 Trends & Predictions Javelin’s Trends & Predictions reports look at the coming year across the range of Javelin Strategy & Research’s practice areas—digital banking, fraud & security, payments, and wealth management—and highlight the compelling challenges and opportunities likely to emerge.

Trends 40

Trends Fraud cryptocurrency Banking Trends 40

PYMNTS

FEBRUARY 19, 2020

The IRS has invited cryptocurrency groups to meet for a regulatory summit March 3 to discuss how the two can work together going forward, published reports said Tuesday (Feb. The IRS has been trying to combat cryptocurrency tax evasion, and the agency has been working on establishing more concrete guidelines for digital currencies.

Meeting 168

Meeting Groups cryptocurrency Bitcoin 168

CFPB Monitor

JUNE 3, 2021

Ballard Spahr Senior Counsel Alan Kaplinsky hosts the conversation.

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blockchain Technology cryptocurrency Maine 60

PYMNTS

FEBRUARY 10, 2020

China’s Central Bank To Start Re-Lending Funding To Fight Virus. Crypto Fraud Scores More Than $4B In 2019. The costs resulting from bitcoin- and cryptocurrency-related crimes hit $4.3 The Peoples’ Bank of China will release a set of funds earmarked for activities and production related to fighting the coronavirus.

US 142

US Taxes Millennials Payments 142

Javelin Strategy & Research

JANUARY 12, 2022

Banner Section Home Rss.xml 2022 Trends & Predictions Javelin’s Trends & Predictions reports look at the coming year across the range of Javelin Strategy & Research’s specialty areas—digital banking, fraud and security, payments, and wealth management—and highlight the compelling challenges and opportunities likely to emerge from each.

Trends 40

Trends Fraud cryptocurrency Austin 40

PYMNTS

OCTOBER 19, 2017

Plenty of industries and companies are eyeing blockchain – the technology that enables cryptocurrencies, such as bitcoin – but when it comes to corporate investors, SBI, Google, Overstock.com, Citi and Goldman Sachs are standing out from the pack.

blockchain 100

blockchain Google Bitcoin cryptocurrency 100

Javelin Strategy & Research

NOVEMBER 7, 2023

Banner Section Home Rss.xml 2024 Trends & Predictions Javelin’s Trends & Predictions reports look at the coming year across the range of Javelin Strategy & Research’s practice areas—digital banking, fraud & security, payments, and wealth management—and highlight the compelling challenges and opportunities likely to emerge.

Trends 45

Trends Fraud Digital Banking Strategy 45

CFPB Monitor

JANUARY 24, 2019

According to an American Banker report , Chris D’Angelo, the CFPB’s Associate Director of Supervision, Enforcement and Fair Lending, has announced that he is leaving the Bureau to serve in the Office of the New York Attorney General as Chief Deputy Attorney General for Economic Justice. Consumer Frauds & Protection.

New York 60

New York Report cryptocurrency Lending 60

PYMNTS

FEBRUARY 27, 2019

Earlier in February, JPMorgan became the first bank to create its own cryptocurrency aimed at settling transactions with clients of its wholesale payments operation. That’s an about-face for Dimon, who famously called bitcoin a “ fraud ” when it was hitting record prices more than a year ago.

Marketing 145

Marketing cryptocurrency blockchain Meeting 145

PYMNTS

DECEMBER 8, 2020

Identity verification solutions provider Jumio recently announced that it launched a video-based verification solution geared toward FIs, FinTechs, digital wallet providers and cryptocurrency exchanges that are looking to boost their digital onboarding capabilities.

Video 211

Video Report Meeting United States 211

PYMNTS

MAY 16, 2016

The alternative lending market is showing signs of defeat against traditional bank loans, and SMEs are strengthening their demands for more than the typical solutions currently offered by traditional FIs. In B2B payments, that means changes in how businesses access, protect and ultimately make their money. 65% of U.K. 65% of U.K.

Fintech 108

Fintech Lending Fraud Cards 108

CB Insights

AUGUST 3, 2017

Latin America fintech companies are creating solutions aimed at rethinking banking, lending, and payments in the region. Lending : Companies providing loan and credit products, such as Creditas , which has raised $27M to offer collateralized loan products. Anti-Fraud : Companies offering payment fraud solutions.

Company 65

Company Fintech Comparison Marketing 65

Abrigo

FEBRUARY 8, 2022

Consumers are looking for speed without the hassle of mounds of paperwork and lengthy approval processes, whether with deposit or lending accounts. In addition to AML and sanctions risks, consider a fraud risk assessment since fraud is one of the eight FinCEN priorities. Consent Orders More Common. keep me informed.

Compliance 195

Compliance Training Regulation Fraud 195

Gonzobanker

JULY 9, 2021

As fintech startups, challengers, and even mature fintech providers laser in on evermore specific pain points, investors pour funds into the payments, lending, data, and other approaches to pain relief. While the company initially focused on mortgage lending, the delivery ambition here is way beyond mortgage and point-of-sale.

Fintech 197

Fintech Lending Community Payments 197

South State Correspondent

JULY 25, 2022

Top Line Revenue & Lending. The sentiment is that banks have too much interest rate risk in their investment portfolios, taking away flexibility on the lending side. While the probability of default has continued to decreasefor most lending areas, loss given defaults has risen almost across the board. Real Estate Lending.

Trends 195

Trends Lending Marketing Capital 195

PYMNTS

APRIL 30, 2018

Marketplace lending. The blockchain can even end world poverty and transform society by making it safer for total strangers to lend each other money — without any third-party intermediary — and without any risk. Marketplace Lending. Blockchain. Digital banks. Blockchain. Take the blockchain. And to learn.

Fintech 183

Fintech blockchain Lending Digital Banking 183

PYMNTS

AUGUST 6, 2018

The social media company has been exploring ways to incorporate that type of data onto its site by potentially allowing members to check their balances or get fraud alerts. Starbucks said it will not begin accepting cryptocurrencies as a payment method for its products, despite reports that led to speculation about its policies.

social media 100

social media Bitcoin cryptocurrency Regulation 100

PYMNTS

JULY 24, 2019

In other news, cryptocurrency loan startup YouHodler forgot to password protect a server, which led to customer credit cards and user transactions being exposed for nearly one month. None of the information on the database, which held 86 million lines of daily updating records of the lending platform, was encrypted.

Regulation 108

Regulation Bitcoin New York Online 108

PYMNTS

SEPTEMBER 6, 2018

Take cryptocurrencies, for instance. Many FinTech firms operate with an on-demand mentality — services, payments and lending done 24/7, across time zones and currencies. Might an on-demand mindset benefit those tech upstarts when tackling issues like fraud and anti-money-laundering (AML)?

Compliance 133

Compliance Fintech Regulation Knowledge Base 133

Let's Talk Payments

MARCH 15, 2016

Only two years ago, FinTech startups from London loved to neatly categorize themselves into a familiar space, be it payments, lending, crowdfunding, PFM, banking, cryptocurrency or sometimes, gamification. Blockchain was.

Fintech 40

Fintech blockchain cryptocurrency Lending 40

PYMNTS

JUNE 20, 2016

businesses last year due to cybercrime , a figure that marks a 22 percent increase in cybercrime in the nation, reports from Get Safe Online and Action Fraud said. reports said, as is corporate employee fraud. billion in losses hit U.K. Like in the U.S., fraudsters are targeting U.K. 73% of U.K. One-third of U.K.

Management 104

Management Bitcoin Survey Report 104

PYMNTS

FEBRUARY 28, 2018

Why should organizations say “yes” to purchase order matching and “no” to cryptocurrencies? That includes anti-money laundering (AML) compliance, know your customer (KYC), fraud mitigation, marketing, privacy, document review, Office of Foreign Assets Control (OFAC) compliance, reporting and more. A digital U.S.

blockchain 100

blockchain System cryptocurrency Regional 100

BankUnderground

MAY 25, 2023

Closer inspection reveals an ecosystem experiencing several hacks, attacks, and fraud. Figure 1 shows that three stablecoins and the two largest cryptocurrencies, Bitcoin and Ether, make up the top five most borrowed assets. billion dollars’ worth of cryptocurrency has been stolen in attacks directly attributable to flash loans.

blockchain 86

blockchain US cryptocurrency Examples 86

Independent Banker

NOVEMBER 25, 2015

Meanwhile new competitors regularly emerge, including person-to-person facilitators such as digital wallet provider Venmo, crowd-funding loan provider Lending Club and real-time cryptocurrency settlement company Ripple. The nonbank payment options PayPal, ApplePay, Google Wallet, Starbucks, Kickstarter and Square are household names.

Community Bank 70

Community Bank Community Analytics Lending 70

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. Not if you ask Jose Caldera, IdentityMind Global’s VP of Product.

Regulation 101

Regulation Guidelines Risk Management Operations 101

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. SoFI gets a commercial bank that brings deposits, compliance, AND business lending. In January, we were discussing crypto and the need to formulate customer crypto strategies.

Community 216

Community Fintech Industry Innovation 216

PYMNTS

JULY 9, 2018

Ripple, the startup that developed the XRP cryptocurrency token and is gunning to be the world’s new global financial services network via its xRapid solution, has reportedly been hit with a lawsuit accusing it of securities fraud. Ripple — The Securities Lawsuits Multiply.

Data 100

Data San Francisco Retail Security 100

Tomorrow's Transactions

OCTOBER 8, 2014

Although Jeffrey Robinson, an author and journalist, described the digital currency as a fraud, he said the underlying technology was “brilliant.” ” From Payments Industry’s Focus Turns to Fraud, Security|PaymentsSource at. In fact, in Jeffrey’s book BitCon: The Naked Truth About Bitcoin (Sep.

Bitcoin 61

Bitcoin cryptocurrency blockchain social media 61

Abrigo

MARCH 3, 2021

While the typologies of EIP fraud are not new, FinCEN has provided examples of trending types of EIP-related criminal activities. . Takeaway 1 FinCEN has provided examples of the trending types of EIP fraud. . Takeaway 3 FinCEN has requested specific SAR filing instructions for EIP fraud. . Red flags for EIP fraud.

Fraud 195

Fraud Payments ATM Trends 195

Gonzobanker

DECEMBER 14, 2023

The Grow-a-Cool-Niche-Award – goes to Bank Newport for creating a national marine lending business and investing to win with more talent, partnerships and technology. Word: Community banks don’t lend on $400 million office buildings in Manhattan and San Francisco. Sounds like a cool strategy to build a smarter bank.

Fintech 194

Fintech Community Regional Technology 194

Fintech Labs Insights

MARCH 28, 2016

Three Finovate alums brought in new cash: Kreditech raised $11 million for its banking and lending services for the underbanked. Here are the fintech deals by size from 19 March to 25 March 2016: Open Lending. Automated lending solutions for financial institutions. Automated lending solutions for financial institutions.

Company 12

Company Fintech San Francisco New York City 12

PYMNTS

DECEMBER 20, 2020

The move is also possibly a way for Cash App to stay ahead of competitor PayPal , which has also recently entered the cryptocurrency arena. Other firms have made similar moves, with crypto lending firm BlockFi partnering with Visa to roll out a new bitcoin-backed credit card in 2021, CoinDesk reported. The highest volume of 20,504.50

Bitcoin 160

Bitcoin blockchain cryptocurrency Fraud 160

Fintech Labs Insights

SEPTEMBER 19, 2016

million went to Finovate alum Pindrop to further its phone-based fraud solutions. $5 5 million to CUneXus to expand its consumer lending platform. Phone-based fraud solutions. Consumer lending platform. SMB lending marketplace. Tags: Investors, advisors, P2P lending, investing. Alt-title loans. million Seed.

San Francisco 12

San Francisco New York City Fintech Company 12

Fintech Labs Insights

SEPTEMBER 21, 2015

The total included one new alum, Praesidio , which will be presenting its security and fraud control integrations at next month’s FinDEVr. Risk management for P2P lending. Tags: Enterprise, lending, credit, underwriting, peer-to-peer. It was the eighth week this year that the money flow surpassed the $500-million.

New York City 12

New York City San Francisco Company Fintech 12