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Bank Managers Tied To AML Investigation In Brazil

PYMNTS

Police in Brazil have raided the residences of managers of Banco do Brasil in connection to their part in a money-laundering scam worth $48 million. Police are looking into accusations that the managers were a part of laundering the money between 2011 and 2014. .

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Uber’s Offer For Daimler/BMW's Free Now Tops €1B

PYMNTS

21) report in the German monthly business magazine Manager Magazin, per Reuters. . Daimler is reportedly ready to sign, but Oliver Zipse, chief executive officer of BMW, has indicated that he would rather sell Uber just a stake in Free Now, the magazine said.

Mobile 156
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How Mobile Wallets Could Bring Security To Shoppers

PYMNTS

From fuel pumps to convenience stores (C-stores), many consumers worry about the security of their personal financial information. adults are concerned about the security of their financial data when making payments at these venues. Mobile wallets , however, have advantages that span from convenience to security.

Security 140
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Scammers Prove Corporate Payments Fraud Comes In All Shapes And Sizes

PYMNTS

According to the judge, Apollo Global Management was "recklessly indifferent about the source of his reimbursements," and "significant liability lies with Apollo.". 923,533 was stolen from a food bank in Philadelphia via a BEC attack , according to recent reports in Info Security Magazine.

Fraud 228
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SMB-Focused Lender Judo Bank Attains Unicorn Status

PYMNTS

Australia’s Judo Bank has attained unicorn status, according to FinTech Magazine , meaning it has achieved a valuation of at least $1 billion. The bank has seen an avalanche of funding in recent times, as this recent round comes 10 months after it was able to secure $261.6

Lending 130
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Why Security Techniques Need To Evolve As Fast As Hackers

PYMNTS

an 11-year-old made headlines when he managed to hack a highly accurate replica of Florida’s election website in less than 10 minutes. A research team at the Black Hat conference managed to trick voice recognition software from Microsoft by convincing it a machine voice was human. It should finish in a reasonable time.

Security 101
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Fides Hires Mark O’Toole to Head Sales and Strategic Business Development in North America

Bobsguide

His articles frequently appear in publications including Treasury Today, TMI Magazine, Treasury Asia, Treasury & Risk Magazine, AFP Exchange and Risk Magazine. There is a widespread need for state-of-the-art, trusted, secure and reliable bank connectivity and liquidity management across the U.S.

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