FINRA fines SoFi $1.1m after consumer identification flaws led to multi-million dollar heist
SoFi Money – the unit targeted by fraudsters – was ultimately closed by the fintech in June 2022.
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SoFi Money – the unit targeted by fraudsters – was ultimately closed by the fintech in June 2022.
The bank was previously hit with a $348 million fine from the OCC and FRB in March.
Larson previously spent over eight years at Canadian multinational information corporation Thomson Reuters.
Nominations for the Banking Tech Awards 2024 are now officially open to companies worldwide!
There’s a genuine bottom-line benefit to be realised through effective risk orchestration of your compliance processes.
The deal will also see VC firm Andreessen Horowitz become a shareholder in ComplyAdvantage.
Crucial insights for fintechs seeking risk orchestration platform vendors to streamline their customer lifecycle and regulatory screening.
The San Francisco-based bank will utilise the fintech’s TradeSun Intelligence V4 solution.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
FloQast claims its flagship offering, the Accounting Operations platform, serves over 2,600 accounting teams worldwide.
The acquisition is expected to close by the third quarter of 2024.
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The acquisition will boost the growth of Abrigo’s existing suite of technical accounting solutions.
Biz2Credit will pay $33 million and Womply will pay $26 million to settle the two separate cases.
Exploring the safe, fast and cost-effective regulatory compliance solution the industry has been looking for.
Jose Luis Navarro of BBVA discusses the evolution of the open banking landscape in the EU.
The fines were issued by the the Office of the Comptroller of the Currency and the US Federal Reserve.
We sat down with Tinna Hallbergsdóttir of Taktikal to discuss the firm’s innovative approach to onboarding.
The partnership will see Clearwater leverage Cotribute’s consumer and business digital account opening modules.
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A handy round-up of the recent funding endeavours of fintech companies across the globe.
Green Dot says the consent order relates “principally to various aspects of compliance risk management”.
Napier AI claims that since 2021, its top-line revenue has grown at more than 30% year on year.
The bank has signed an eight-year agreement with the vendor for SimCorp Dimension.
The move, announced in 2020, was expedited by Hey Banco’s banking licence authorisation last July.
Our pick of the top fintech news stories this week includes Monese, Virgin Money, Bank of America and more.
Greenlite’s tech will enable the bank to streamline manual data aggregation and client risk assessments.
It’s thought that 57,028 of Bank of America’s customers have been impacted.
Is your data strategy up to the challenge? Learn how artificial intelligence can help you reinvent marketing ops.
The OCC says the fine relates to “systemic deficiencies” in the bank’s risk management and internal controls.
The bank disabled and removed the Vast Crypto Mobile Banking app from app stores on 31 January.
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Our pick of the top fintech news stories this week includes Lloyds, HSBC, PayPal, Santander and more.
NSF fees on debit card and ATM transactions will be “unlawful” under the proposed rule.
Informatica says the solution provides an “enterprise-wide, 360-degree view of customers”.
Learn how KY3P from S&P Global Market Intelligence can help manage supplier risk and identify new sources of supply.
Chang brings 15 years of financial services, fintech and consumer protection experience to her new role.
Ncontracts hopes to strengthen its position in the US market and expand its offerings.
Camp previously served as head of global treasury management at Wells Fargo.
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