Steward Bank signs for NetGuardians’ cybersecurity tech
Fraud fighting solutions find a place at Zimbabwean bank.
Financial Crime & Fraud
Revolut’s a disposable raver for virtual cards
UK start-up plans to combat fraud with disposable virtual cards.
NICE Actimize brings AI tech to financial crime investigation
NICE Actimize has launched an artificial intelligence (AI) enabled investigation management system.
Trusted Knight nobly unveils Protector Air to fight fraud
Cloud-based solution deploys in-stream between consumers and businesses.
FATF inspects UK’s defences against terrorist financing and money laundering
The Financial Action Task Force (FATF) is on the UK soil putting the country through its paces.
Pindrop and Aeriandi team up to combat phone fraud
Voice authentication specialist Pindrop has partnered with voice solutions provider Aeriandi.
First Abu Dhabi Bank deploys Fircosoft global sanctions screening tech
First Abu Dhabi Bank is “setting the standard for financial crime compliance in the Middle East”.
Coinbase taken to court, twice
Cryptocurrency exchange Coinbase has landed in more hot water with two federal class action lawsuits.
AI and ML curbing financial fraud
A never-ending cycle in the good guy vs bad, but good folk are now gaining ground.
Signifyd to provide guaranteed fraud protection to Corra’s e-commerce clients
Guaranteed fraud prevention technology for Corra’s high-end enterprise retail customers.
PSR plays protector in payment scam fight
New industry code on the way to deal with consumer complaints about APP scams.
India’s central bank issues Swift ultimatum for core banking
With a deadline of 30 April 2018.
Zonafide blockchain brings bona fide touch to Atos
UK firm will help Atos combat identity theft and cybercrime.
Hackers swipe $2m from India’s City Union Bank via Swift
Three “fraudulent remittances” – sent via correspondent banks to accounts in Dubai, Turkey and China.
Hackers steal $6m from Russian bank via Swift
Russian central bank disclosed the information… very discreetly.
Payfone gets $23m in funding from Synchrony Financial
New round takes digital identity authentication company’s total funding to $93.6 million.
NetGuardians signs first customer in North America
Canada’s FirstOntario Credit Union looks for help in fight against fraud and cybercrime.
US DoJ shuts down payment card fraud ring
Transnational criminal gang responsible for more than $530 million in losses from cybercrimes.
Infographic: 77 facts about cybercrimes one should know in 2018
Did you know that 75% of mobile apps would fail a basic security test?
Radius Bank mixes it with Alloy for digital revamp
Massachusetts-based bank plans to become a digital-first entity.
Could data masking prevent credit card fraud?
Examining the latest weapon cybercriminals have acquired – data masking.
Infographic: the most shocking personal data hacks of all time
Including data hacks of Equifax and JP Morgan Chase as well as online security tips.
Hackers steal $534m from Coincheck cryptocurrency exchange
But it will compensate more than $423 million to 260,000 users who lost out.
Cryptocurrency mining scam catches 15m people out
Running undetected for over four months.
UK’s new watchdog shows AML instinct
Office for Professional Body AML Supervision is unleashed.
Top fintech stories this week – 26 January 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Payfone in its element with O2 digital partnership
Initiative aims to protect mobile users from fraud.
ThreatMetrix teams up with GlobalOnePay
Will power GlobalOnePay’s Sentinel Defend, a fraud detection and scoring engine.
Jumio teams with Byteball to bring KYC to ICO issuers
When the gold rush is on, perhaps it’s better to sell picks and shovels to the miners.
Featurespace now features new CFO
Starting off the new year with a new chief financial officer – Jonathan Crossfield.
Blooom fighting fraud in world of the 401(k)
US independent robo advisor Blooom unveils new Suspicious Activity Alerts feature.
ACI Worldwide and HyperPay partner to fight fraud in MENA
The two companies will offer integrated, real-time fraud prevention solutions for e-commerce payments for merchants in MENA.
Top fintech stories this week – 22 December 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Blockchain and bitcoin round-up: 20 December 2017
More bite-size Bitcoin and blockchain news.
European Payments Council report: 2017 payment threats and fraud trends
An overview of the most important threats in the payments landscape.
EU sets in motion rules to tackle cryptocurrency money laundering
Plans to apply tighter rules to prevent money laundering and terrorism financing on cryptocurrency exchange platforms.
Using artificial intelligence to keep criminal funds out of the financial system
Are you suspicious? This is a key question at the heart of efforts to tackle money laundering: if you work for a bank or other financial institution and have suspicions money laundering is happening, you have a legal duty to speak up.
Simility adds PayPal as investor in $17.5m funding round
Risk management firm Simility locks in $17.5 million in new funding, with help from PayPal.
NetGuardians teams up with Masaref Business & Systems Consulting
Will bring the Swiss fintech’s anti-fraud solutions to FIs in the Middle East.
Cybersecurity needs to be a global and coordinated effort
Recent cyberattacks, such as the October 2017 Swift attack, show how vulnerable financial firms across the globe are to the machinations of hackers.
