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JPMorgan Chase creates investment product for Black-owned banks

American Banker

The product — a special class of shares in JPMorgan's Empower money market fund — will initially be distributed by the Harbor Bank of Maryland, Liberty Bank & Trust, M&F Bank and Unity National Bank, according to a statement.

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Synchrony Says Erroneous Email Not Tied To Data Breach

PYMNTS

Although Alibaba and JD.com usually lead China’s eCommerce market, the four-year-old Pinduoduo is “popular with China’s lower-tier city residents” and attracts customers with offers of discounts and deals, per reports.

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Buying into AML risks in real estate

Abrigo

Key Takeaways Real estate markets are vulnerable to money laundering and fraud because of their transaction size and appreciation over time. The real estate market is enticing to more than just new homeowners or investors. Real estate market AML risks Real estate is a proven, traditional, and well-established marketplace.

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Deep Dive: Digital ID Developments From Around The World

PYMNTS

A wide range of biometric solutions are being used to develop national identification systems around the world. The following Deep Dive examines the potential use cases for biometrics in national identification systems and the security pitfalls they could encounter. . Colorado, Idaho, Maryland, Wyoming and Washington, D.C.,

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Lawmakers Question Amazon About Ring Smart Doorbell Data

PYMNTS

Ron Wyden of Oregon, Chris Van Hollen of Maryland, Ed Markey of Massachusetts, Chris Coons of Delaware and Gary Peters of Michigan sent a letter Wednesday (Nov. They asked whether the technology could be accessed by foreign entities, or whether the technology posed a risk to national security.

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Former NSA Chief Lands Top B2B VC Funds For Cybersecurity Startup

PYMNTS

This week’s B2B venture capital roundup includes a strong showing from one uncommon market: Brazil. The nation secured significant funding for startups operating in the spaces of logistics and cybersecurity – the two B2B markets that landed the most investment this week. National Security Agency chief.

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Boosting Access To Financial Services In Brazil

PYMNTS

Identity Devices also formed a recent multi-year partnership with Fingerprint Cards (FPC) that aims to enhance the security of the Internet of Things (IoT) ecosystem with biometrics, increasing the use of biometrics in IoT and financial technology markets. Deep Dive: Making National IDs Biometric-Friendly.

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