PYMNTS

AUGUST 21, 2020

While Chinese traders are limited to the purchase of up to $50,000 of foreign currency annually, the volume suggests stablecoins could be being used to circumvent the regulation, according to Chainalysis , the New York-based provider of regulatory compliance software.

cryptocurrency 349

cryptocurrency Report Regional Capital 349

PYMNTS

SEPTEMBER 20, 2019

Plot Thickens as FBI Probes Alleged MyPayrollHR Fraud. News came at the end of the week that the FBI and the New York State Department of Labor are investigating allegations that MyPayrollHR , which abruptly shut down earlier in the month, diverted millions of dollars into its coffers that should have gone to employees.

Fraud 108

Fraud Payments Bitcoin Lending 108

PYMNTS

DECEMBER 28, 2020

Cryptocurrency lending platform Vauld raised $2 million to expand into full banking services, including issuing credit and debit cards and providing fiat and crypto order books, CoinDesk reported. The SEC filed its complaint against Qin and Virgil Capital in the Southern District of New York on Dec.

Capital 175

Capital Security cryptocurrency Fraud 175

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. As for questions surrounding the viability of these online lending platforms, as posited by Webster, Moore said the model exists as one that is here to stay.

Lending 101

Lending New York City Online Fraud 101

Gonzobanker

DECEMBER 4, 2019

Q2’s acquisition follows many years of paced, organic growth in consumer and business digital banking and a string of acquisitions including digital deposit origination specialist Gro Solutions and loan/lease origination system provider Cloud Lending. Lending is a great area of a bank for analytics to grow from naturally. Meridianlink.

Analytics 100

Analytics Lending Fintech Leadership 100

PYMNTS

DECEMBER 4, 2018

News came this week that New York Attorney General Barbara Underwood has opened an investigation into small business lending – specifically, whether finance firms known as merchant cash advance companies have been engaged in abusing their smaller customers. That disclosure comes from an anonymous source. billion tally.

New York 156

New York Lending System Report 156

American Banker

MAY 21, 2020

A Manhattan man was charged by federal prosecutors with fraudulently trying to obtain more than $20 million in government loans intended to aid small businesses affected by the coronavirus pandemic.

New York 62

New York Fraud Lending 62

PYMNTS

AUGUST 21, 2020

Publishers’ Letter Spotlights ‘Apple Tax’ – and Digital News Delivery. Several publishers – including The New York Times and CNBC – petitioned Apple’s CEO Tim Cook to offer a commission structure similar to the one given to Amazon. New Report: How Behavioral Analytics Help FIs Block Fraud at the ITM.

cryptocurrency 159

cryptocurrency Maine Boston Analytics 159

PYMNTS

JANUARY 18, 2021

But new concerns are mounting over the U.S. government's inability to curb the risk of fraud that emerged during the first round of PPP funding. While it may be the most high-profile business fraud story today, it's certainly not the only pandemic-related business fraud threat. Homeland Security investigators.

Community 219

Community Fraud Taxes Massachusetts 219

CFPB Monitor

MAY 6, 2019

The New York Department of Financial Services has announced the creation of a new “ powerhouse ” Consumer Protection and Financial Enforcement Division. Attorney in the Southern District of New York and an Assistant District Attorney in the Manhattan District Attorney’s Office. Prior to her work in consulting, Ms.

New York 90

New York Pennsylvania Compliance Lending 90

Abrigo

JUNE 5, 2023

Data-driven decisions for managing financial institution risk while driving growth and increasing efficiency are especially important given the recent failures of Silicon Valley Bank, First Republic Bank, and Signature Bank of New York. Visualizing the institution’s lending footprint can lead to improved targeting of growth areas.

Report 195

Report Risk Management Capital Data 195

PYMNTS

JULY 21, 2020

Once worth $28 billion before it collapsed last month, Wirecard has contracted with Alix Partners, the New York-based forensic accounting firm, to explore the two missing deposits in Philippines banks totaling more than $2 billion uncovered by its auditor Ernst & Young and nearly $4 billion it owes creditors.

Pennsylvania 140

Pennsylvania New York Fraud Operations 140

Abrigo

APRIL 6, 2022

For example, the New York Department of Financial Services requires institutions that it regulates to report certain cybersecurity events to the agency within 72 hours. This is shorter than the reporting deadline established by other regulators, such as the New York Department of Financial Services. Fraud Prevention.

Security 195

Security Regulation District of Columbia United States 195

PYMNTS

JANUARY 23, 2019

Even so, last month New York Attorney General Barbara Underwood opened an investigation into the SMB lending market with a particular eye on merchant cash advance players. The probe centers upon whether some companies have deployed predatory practices or fraud, Bloomberg reported at the time, citing an unnamed source.

Samsung 162

Samsung New York Branding Apple 162

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. Sure, it shows that investors aren’t ready to give up on alternative lending just yet. million in new funding this week, $11.8 SMB Finance. Germany’s Finiata announced $21.2

Fraud 115

Fraud Capital New York City Lending 115

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

Fraud 148

Fraud Missouri California Report 148

CFPB Monitor

OCTOBER 11, 2018

At the Online Lending Policy Institute’s (OLPI) annual summit in Washington, D.C. Office, participated in a panel on data, privacy, and fraud prevention policy. The summit speakers included Grovetta Gardineer, the Senior Deputy Comptroller for Compliance and Community Affairs at the OCC. In her remarks and responses to questions, Ms.

Policies 60

Policies Lending Data Online 60

Gonzobanker

MAY 8, 2015

The annual LendIt conference was held last month at Times Square in New York City and GonzoLender descended boldly on the scene to evaluate the mysterious underbelly of digital lending. The lending attack on community banks and credit unions has been waged. LENDING VERTICALS. Consumer Lending.

Conference 60

Conference Lending Community Bank Community 60

PYMNTS

JULY 24, 2019

New York’s Department of Financial Services (DFS) has launched a new Research and Innovation Division that will be responsible for licensing and supervising virtual currencies. 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

FICO

JUNE 4, 2019

This is the theme of FICO's major global conference, FICO World 2019 , November 4-7 in New York. Industry veterans and innovators will share insights, know-how and advice for using analytics in financial services, banking, automotive finance, mortgage lending, telecommunications, insurance and regulatory compliance.

Analytics 40

Analytics New York Conference Case Study 40

FICO

MAY 28, 2019

This is the theme of FICO's major global conference, FICO World 2019 , November 4-7 in New York. Industry veterans and innovators will share insights, know-how and advice for using analytics in financial services, banking, automotive finance, mortgage lending, telecommunications, insurance and regulatory compliance.

Analytics 40

Analytics New York Conference Case Study 40

PYMNTS

JUNE 28, 2019

The $1 million in Seed funding for India-based Recko will help the firm grow its payments reconciliation solution for companies in the banking, lending, insurance, eCommerce and telecom industries. Small business lending startup Lulalend is driving alternative finance growth in South Africa, and just announced $6.5

Capital 108

Capital Analytics San Francisco Lending 108

PYMNTS

MAY 28, 2019

The company recently filed paperwork with the Securities & Exchange Commission (SEC) to go public on the New York Stock Exchange. billion – of funds were lost to card fraud in 2018, up from $1.4 And some marketplaces in Asia are growing their services through tie-ups. Just under $3 billion – or $2.7 billion in 2017.

Apple 159

Apple Mobile Fraud Branding 159

PYMNTS

JANUARY 24, 2019

Reporters were able to find out that the vendor mentioned is New York-based OpticsML. The leaked documents are from some of the biggest financial and lending institutions, including the now-defunct CitiFinancial, as well as HSBC Life Insurance, Wells Fargo, CapitalOne and some U.S.

Taxes 155

Taxes New York Security Data 155

PYMNTS

MAY 5, 2016

The New York Times reported that the €500 note was big enough and moved freely enough across locales to be a favorite of terrorists and money launders in order to help disguise activity. Fewer bills in circulation may mean that banks go to lend money and thus stimulate the economy, according to NYT.

New York 100

New York Lending Report Fraud 100

PYMNTS

JANUARY 22, 2020

Titled “Why the Future of Merchant Payments Requires a Digital-First Approach,” the webinar generally revolved around questions related to the development and ongoing rise of omnichannel commerce — already a major topic in the payments and commerce world in these first weeks of the new year. Trust Issues.

Retail 137

Retail Millennials New York City social media 137

Independent Banker

DECEMBER 31, 2021

That’s followed by residential mortgage lending (36.3%), small business lending (32.1%), commercial and industrial (C&I) lending (30%) and agricultural lending (23.6%). will continue its mission to fund microloans to new small businesses in New York City’s low-income neighborhoods, says president and CEO Carlos P.

Community Bank 144

Community Bank Community Lending Louisiana 144

PYMNTS

AUGUST 27, 2019

ABA’s request stems from concerns about rising fraud levels at CUs, as well as New York City’s recent taxi medallion scandal. The scrutiny isn’t stopping mergers, however, as two of the largest CUs in Southern California are set to become one early next year.

Data 122

Data Report Los Angeles California 122

Gonzobanker

OCTOBER 24, 2018

That cost Wells an initial $185 million in fines and another $142 million in a class action suit, followed in May 2018 with another $480 million in settlements for related securities fraud. Wells hit the Trifecta on this one: Stealing money and cars? from customers? who are deployed in the military? Significant harm to customers.

San Francisco 150

San Francisco Industry America Compliance 150

Fintech Labs Insights

MARCH 16, 2017

FinDEVr Previews highlight companies presenting new developer tools, platforms, and integrations at FinDEVr New York 2017 , March 21 & 22. The company allows analysts to rapidly create custom analytics decision engines to drive lending, portfolio risk management, fraud mitigation, or any custom decision need.

New York 15

New York Analytics User Experience Risk Management 15

FICO

AUGUST 29, 2022

As the independent standard in credit scoring, FICO® Scores are the leading credit scores used extensively across the lending ecosystem ranging from originations, underwriting and account management to collections and asset-backed securitization. by Ethan Dornhelm. expand_less Back To Top. Tue, 08/30/2022 - 12:00. in April 2022.

Payments 98

Payments National San Diego Analytics 98

Gonzobanker

DECEMBER 17, 2021

CAP COM and SEFCU in New York come to together to create an $8 billion cooperative organization. million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. We salute a legend of lending and credit union leadership.

Fintech 147

Fintech Strategy Leadership Lending 147

Fintech Labs Insights

APRIL 5, 2017

We saw some great stuff at FinDEVr New York last month; stay tuned for videos of the live presentations! FinDEVr in the Springtime: Wrapping Up New York & Kicking Off London. FinDEVr in the Springtime: Wrapping Up New York & Kicking Off London. FinDEVr New York 2017 in Photos.

New York 15

New York Video Regional Lending 15

FICO

OCTOBER 26, 2016

Fighting fraud. The FICO® Falcon Fraud Management solution is the industry leader, protecting two thirds of the world’s payment card transactions against fraud. The FICO® Score is used by 90 of the top 100 largest US lending institutions for their risk assessment needs. Here are a few examples. Making credit decisions.

Analytics 40

Analytics Fraud New York City social media 40

FICO

OCTOBER 26, 2016

Fighting fraud. The FICO® Falcon Fraud Management solution is the industry leader, protecting two thirds of the world’s payment card transactions against fraud. The FICO® Score is used by 90 of the top 100 largest US lending institutions for their risk assessment needs. Here are a few examples. Making credit decisions.

Analytics 40

Analytics Fraud New York City social media 40

William Mills

AUGUST 17, 2016

Alternative lenders are learning more about fraud to their dismay and access to capital. The best quote I’ve heard recently is, “Anyone can lend money. The Finovate Fall 2016 conference will celebrate their 10th anniversary September 8-9 in New York. It is the getting paid back part that is hard.”

Conference 40

Conference Innovation Las Vegas Colorado 40

CB Insights

FEBRUARY 13, 2020

Fraud prevention tools. Business lending and corporate cards. Atlas reduces barriers to new business creation. Additionally, the company must underwrite risk, and is on the hook in the event of fraud or returned items. Stripe also came on scene that same year, offering a new approach to the payments ecosystem.

Online 98

Online Company Retail Payments 98