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Qatar National Bank Reportedly Breached

PYMNTS

Qatar National Bank (QNB) is looking into allegations that the names and passwords of many of its customers were compromised, Reuters reported on Wednesday (April 27). The largest lender in the Middle East and Africa by assets may have become the victim of a cybersecurity data breach. The Doha News website reported that 1.5

National 100
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How to Practice Loan Pricing Discipline

South State Correspondent

Further, when we adjust the loans for credit quality and only include A-quality loans (loans with 1.50X debt service coverage ratio (DSCR) and below average loan-to-value (LTV)), the same conclusion can be reached – banks are not using pricing discipline in the true sense of the definition. Why do banks use RAROC loan pricing models?

How To 195
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US Bans Chinese Facial Recognition Tech

PYMNTS

However, its core components — from the chips that power its smart cameras to the hardware that stores high-definition footage — are made in Silicon Valley. hit Chinese state-backed chipmaker Fujian Jinhua with an export ban, citing national security reasons. Still, a ban from the U.S. would be devastating for the company.

US 188
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NRF Warns Against EMV Verification Flaws

PYMNTS

Chip cards have been heralded for their improved functionality and security, but they have still failed to address critical authentication problems, leaving retailers to bear the brunt of these vulnerabilities. Europe was the first region to adopt EMV technology, and sees a transaction rate of more than 99 percent. and Europe.

Fraud 131
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BankBazaar Aspiration Index 2022

BankBazaar

Savings have stagnated or fallen secularly across demographics or regions. Let’s take a look at some highlights from BankBazaar’s® Aspiration Index 2022: The 2022 national Aspiration Index® is at 87.3. The index continues to be strongly driven by non-material goals, but financial security is never far from mind.

Metro 78
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Governments Fuel Blockchain’s Global Proliferation

PYMNTS

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.

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Fixing The KYC And AML ‘Horse-and-Buggy’ Model

PYMNTS

Consider the fact that, as noted in the most recent AML/KYC Tracker produced as a collaboration between PYMNTS and Trulioo , money laundering is estimated by the United Nations Office on Drugs and Crime to be an $800 million to $2 trillion-per-year problem, equivalent to 2 percent to 5 percent of the global GDP. A Tech and Mindset Shift.