Bank Innovation

MARCH 2, 2018

The 16 registered cryptocurrency exchanges currently operating in Japan will soon form a self-regulating body, after a $530 million heist of digital coins in the region led to investor concerns, Reuters reported today.

cryptocurrency 199

cryptocurrency Regional Regulation Operations 199

PYMNTS

JULY 10, 2020

It noted 25 countries or regions among its members — and virtual asset service providers — have made progress in implementing its standards. From January through May cryptocurrency thefts, hacks and frauds totaled $1.4 It is our job to ensure the new risks in connection with stablecoins will be adequately addressed.”.

cryptocurrency 141

cryptocurrency Fraud Groups Regional 141

PYMNTS

FEBRUARY 2, 2018

bank is banning customers from purchasing cryptocurrencies using its credit cards, according to Bloomberg reports. Bank of America (BofA) officially announced it “will begin declining credit card transactions with known cryptocurrency exchanges” today through a memo distributed to employees on Thursday (Feb. The second-largest U.S.

America 113

America Cards cryptocurrency Bitcoin 113

PYMNTS

DECEMBER 9, 2020

Blockchain trade technology firm XREX has rolled out a cryptocurrency Exchange-as-a-Service (EaaS) technology called MyXchange. GUUD has sizable operations throughout Asia, and GUUD leaders have publicly announced intentions to grow in the region.

blockchain 175

blockchain Security cryptocurrency Regional 175

PYMNTS

SEPTEMBER 11, 2019

Pump and dump is a type of fraud that manipulates the price of an asset through a rush of high-volume purchases by fraudsters. Meanwhile, cryptocurrency payment processor BitPay has been accused of blocking donations to Hong Kong for several weeks. The surge artificially inflates demand, and then the actors dump their tokens.

blockchain 119

blockchain Company Bitcoin social media 119

PYMNTS

DECEMBER 13, 2018

million from investors after claiming to raise $600 million, lied about an endorsement from boxing champion Evander Holyfield and pledged to set up more than 1,000 ATMs to let users access cryptocurrency accounts when launching its ICO. million worth of cryptocurrency but was not able to locate the rest of the money raised.

Fort Worth 134

Fort Worth cryptocurrency Dallas Regulation 134

PYMNTS

MARCH 25, 2019

One microcosm of fraud and regulatory scrutiny is cryptocurrencies. Said Cohen: “Uncertainty is probably the word of the hour for the crypto environment, because cryptocurrency and crypto exchanges are still relatively nascent. You need to be the best in this area and not just satisfied [by] the minimum.”.

cryptocurrency 196

cryptocurrency Compliance Fraud System 196

PYMNTS

NOVEMBER 8, 2020

Arif Amiri , chief executive officer of DIFC Authority, said the addition of Ripple would help both organizations “advance the use of blockchain in Dubai, UAE and the region, and accelerate the Emirates Blockchain Strategy 2021,” according to the release.

Bitcoin 155

Bitcoin blockchain Fraud Conference 155

PYMNTS

FEBRUARY 2, 2018

In Latin America, he continued, “We are cautiously optimistic that economic growth in that region in 2018 will be similar to 2017.”. As for Vocalink, Banga focused on the company’s image-based clearing system, which launched corporate fraud alert products with Royal Bank of Scotland (RBS) as the first customer. Without the U.S.,

Taxes 100

Taxes cryptocurrency Regional Branding 100

PYMNTS

MARCH 12, 2018

Cooke doesn’t believe cryptocurrencies are the future of payments, however; instead he says digital offerings will supplant the promise and peril of bitcoin and its digital currency brethren. 86 percent | Percentage of companies around the world that experienced at least one cyberattack last year, according to Kroll research.

Data 100

Data Compliance Fraud Bitcoin 100

PYMNTS

JULY 22, 2019

“If a firm needs to digitally onboard someone and verify them, we can help that company do that fairly seamlessly,” Samer Atassi, regional director, Latin America and Caribbean for Jumio, told PYMNTS in a recent conversation. And accurately, he noted, doesn’t just mean they lock out fraud. Opportunity, he noted, abounds.

Innovation 161

Innovation Payments Regional America 161

PYMNTS

NOVEMBER 15, 2019

Users of Facebook Pay , which the company said is not related to its proposed cryptocurrency Libra, will be able to enter a preferred payment method and then use the option to eventually pay throughout all of the related apps. Behind Regions Bank’s AI-Powered Digital-First Push. Zillow: Tackling Real Estate’s $1.6T

Google 139

Google Payments Apple cryptocurrency 139

PYMNTS

NOVEMBER 19, 2019

A blockchain-based registry would allow FEMA to “catalyze cross-sector engagement, and develop technology-enabled use cases that can improve the speed of disaster responses and insurance claim payments, without sacrificing accuracy or increasing the risk of fraud.

blockchain 217

blockchain Puerto Rico Virgin Islands United States 217

PYMNTS

OCTOBER 2, 2017

The businessman called REcoin “the first-ever cryptocurrency backed by real estate,” claiming it had a team of professionals that would take the proceeds from the REcoin ICO and invest it in real estate. Calamari, director of the SEC’s New York regional office, said in the press release.

Security 101

Security New York Fraud cryptocurrency 101

PYMNTS

MARCH 29, 2018

Emailage stopped almost twice as much potential fraud in 2017 as in the previous year. billion in potential fraud was prevented, compared to last year’s $1 billion. While some countries are struggling more than others, Emailage found that every region is facing new challenges in the wake of EMV going online.

cryptocurrency 109

cryptocurrency Regional Bitcoin Cards 109

PYMNTS

FEBRUARY 21, 2018

A regional government in Russia is now working with state-backed VEB, reports in CoinDesk said this week, as authorities explore how to use blockchain “to improve the quality of management decisions.”. Securities and Exchange Commission has halted the trading of three companies based in Oregon after examining their balance sheets.

blockchain 130

blockchain Los Angeles Regulation Oregon 130

PYMNTS

DECEMBER 15, 2020

Like so many other types of fraud that are rising due to increased digital traffic during the pandemic, Walker said scams involving death certificate information are on the rise, requiring information verification. We’re seeing that the size and scope of companies that want to use some type of ID verification has changed,” Walker said.

Data 183

Data social media cryptocurrency Maine 183

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.

blockchain 100

blockchain System cryptocurrency Regional 100

PYMNTS

SEPTEMBER 6, 2018

Take cryptocurrencies, for instance. Might an on-demand mindset benefit those tech upstarts when tackling issues like fraud and anti-money-laundering (AML)? These new [payment and service] models are attracting worldwide users and they may not be connected to a specific region.”.

Compliance 133

Compliance Fintech Regulation Knowledge Base 133

CB Insights

AUGUST 3, 2017

Latin America fintech companies are creating solutions aimed at rethinking banking, lending, and payments in the region. We used the conventional definition of Latin America to include all countries in the following regions: South America, Central America, the Caribbean, and Mexico. Cryptocurrency. Cryptocurrency.

Company 65

Company Fintech Comparison Marketing 65

FICO

FEBRUARY 27, 2019

Recent Asian money laundering scandals continue to shake up the financial world, and the ripple effect is still keenly felt across the region. To add to the concern, new types of transactions outside of banking are emerging as money laundering risks in the region. McConaghy added. How APC Will Fight Financial Crime in Panama.

Compliance 45

Compliance Regional Survey Analytics 45

Alex Jimenez

NOVEMBER 4, 2023

Financial Inclusion: The need for the industry’s support of underserved populations and regions came up often. Risk Management and Fraud Prevention: The continued increase in fraud and the growth of real-time payments drove many discussions about how to improve risk management. The application of AI was highlighted many times.

Conference 84

Conference Meeting Trends Fintech 84

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 15, 2019

Reports indicated that four Amazon executives met in Governor Cuomo’s office with “the presidents of the New York State AFL-CIO, a regional chapter of the Teamsters and his group, as well as some officials from the governor’s office.” Card-present fraud slides, again: Continued traction is evident in the fight against fraud at the register.

New York 115

New York New York City Virginia Nashville 115

PYMNTS

MARCH 12, 2018

If so, some measures come into play – aimed at shielding investors from fraud, and well, unleveled playing fields – that haven’t been in play. What I am hearing from the ecosystem out there is that it seems to be very friendly” and that regulators understand the blockchain tech and the cryptocurrencies.

Regulation 117

Regulation Security Course blockchain 117

PYMNTS

DECEMBER 14, 2017

Spiking interest in cryptocurrency drove the fake app to the number-three spot in the finance app category before it was removed. million square feet of offices and 10,000 homes in a region with insufficient housing to meet the needs of residents and employees. The fake app was charging $4.99 The urban-style campus will introduce 3.6

Apple 128

Apple Google Seattle San Francisco 128

NCR

AUGUST 18, 2017

It started out as the rails for cryptocurrencies like Bitcoin, but has evolved as a technology that can transform many legacy business paradigms in the banking sector. Nearly four out of ten firms (37 percent) highlighted this as a reason for their interest in the technology. The hurdles to be overcome.

blockchain 75

blockchain Technology cryptocurrency Study 75

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

PYMNTS

SEPTEMBER 3, 2018

In June, CNBC reported that Holmes was indicted on criminal wire fraud charges— though she remains chairman of the Theranos board, despite the charges. Cryptocurrencies suffered through a rough day in mid-June, when prices plummeted fast during a few hours and wiped out a total of $15 billion in value. Crytpo’s Big Flash Crash.

Branding 100

Branding Cards Fraud Marketing 100

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

PYMNTS

JANUARY 31, 2018

From fraud to fitness tracking, from cross-border to cryptocurrencies and from chargebacks to KYC, here’s how seven startups aim to change the game in 2018 (and how some of them already are). After cementing its presence in Europe during 2017, Emailage turns its focus to the Asia-Pacific region for 2018 expansion.

cryptocurrency 115

cryptocurrency Regional Fraud Taxes 115

PYMNTS

JANUARY 31, 2020

If they can get it under control quickly, it will even then have an impact on GDP and the hundreds of brands that are in the Wuhan region. That doesn’t mean, she noted, that cryptocurrency or blockchain technology is dead or has no future. “It depends a little on how this plays out.

Bitcoin 100

Bitcoin Payments Los Angeles blockchain 100

PYMNTS

MARCH 31, 2020

Global cryptocurrency exchange CoinEx is partnering with fiat infrastructure provider Simplex to make it easier for investors to purchase cryptocurrency, the companies said in a statement on Tuesday (March 31). Simplex processes credit card payments using artificial intelligence (AI) technology and guarantees fraud-free transactions.

Cards 140

Cards cryptocurrency Bitcoin Regional 140

FICO

DECEMBER 23, 2020

Business intelligence to analyze the morass of data and alerts generated will be a key theme for the region and a global necessity as adoption of AI increases. As my colleague in Asia-Pacific Timothy Choon so eloquently stated, “Data everywhere – but where’s the intelligence?”

Compliance 52

Compliance Regulation Data Risk Management 52

PYMNTS

JULY 1, 2019

Facebook made waves this month when it announced its Project Libra cryptocurrency initiative. The announcement establishes a low-cost ecosystem that will enable Libra cryptocurrency users to make purchases both on Facebook and other online marketplaces.

blockchain 100

blockchain cryptocurrency Retail Regulation 100

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. The survey, which excluded the top 25 banks, was comprised of regional banks, smaller commercial banks, community banks and credit unions, the majority having assets between $500 million and $5 billion.

Bitcoin 122

Bitcoin Data Compliance Survey 122

CB Insights

OCTOBER 10, 2018

Existing startups like the UK’s Revolut are also looking to expand in the region. This category will evolve as the underlying technology matures, new applications of blockchain and cryptocurrencies are developed, and regulatory guardrails are established.

Retail 78

Retail Cards Millennials Mobile 78