The trade in human beings: How financial institutions and tech can have an impact
Banks in particular can do a lot to curb sex trafficking.
Financial Crime & Fraud
Report: The digital drive to replace the passport in financial services
FinTech Futures publishes its latest industry report, on digital identity and fraud.
Video: Top fintech stories this week – 14 February 2020
FinTech Future’s weekly news round-up.
Video: Top fintech stories this week – 03 February 2020
FinTech Future’s weekly news round-up.
PayPal users lose £1m to fraudsters posing as buyers
A total of 3,059 crime reports were submitted to Action Fraud regarding the scam.
Banking Technology February 2020 issue out now
Top dogs: The challenger bank success stories of 2019.
Video: Top fintech stories this week – 31 January 2020
FinTech Futures’ weekly news round-up.
Travelex puts money transfer systems online after cyberattack
A majority of the firm’s services remain down.
UK court orders Bitfinex to freeze $860,000 in bitcoin
Chainalysis traced the funds to a ransomware payment through Bitfinex’s platform.
Central Bank of Egypt pilots eKYC solution for financial inclusion
Egyptian regulator also plans internet banking overhaul.
Finma fines Swiss bank CEO $752,000 for insider trading
The executive used covert deposit accounts under his wife’s name.
Video: Top fintech stories this week – 24 January 2020
FinTech Future’s weekly news round-up.
Payments security: A year in review
Majority of the largest breaches to be reported in 2019 were caused by poor security protocols.
Former Wells Fargo CEO barred from banking industry, fined $17.5m
Seven other former Wells Fargo executives were reprimanded by the OCC.
Turkey’s Halkbank could pay $1bn in fines for court absence
The bank is facing criminal charges for helping Iran evade US economic sanctions.
What the “decade of the data breach” can teach us
Organisations can simply no longer trust that an online user is who they claim to be.
Monzo bank accused of “freezing accounts for no apparent reason”
A private Facebook group, “Monzo stole our money”, has grown to 1,080 members.
Greece’s major banks cancel 15,000 cards after travel website breach
“A few dozen” customers had been charged with transactions they never made.
Equifax’s 2017 data breach will cost firm at least $1.38bn
$380.5m is for breach compensation, and $1 bn for information security overhaul.
US and UK regulators take lead on AML fines for 2019
37 of the 58 fines were handed out by American and British regulators.
Video: Top fintech stories this week – 11 January 2020
FinTech Future’s weekly news round-up.
UK SMEs chasing £50bn in late payments, fintech opportunity ripe
SMEs are on average chasing five outstanding invoices at any one time.
Canada’s major banks impersonated in two-year phishing campaign
The impersonators harvested customers’ online banking logins.
Travelex ordered to pay $3m ransom by cybercriminals
The ailing FX firm is wrestling with a New Year’s ransomware attack.
Qatar International Islamic Bank picks IBM for fraud prevention
QIIB selects Big Blue for its mobile and online banking channels.
Incumbents are putting aside religions of old, says cyber firm Veracode
The rise of cloud-native fintechs is “acting as a message to incumbents”, says CTO
Video: Top fintech stories this week – 20 December 2019
FinTech Future’s weekly news round-up.
How the Grinch stole my identity: Three tips for fraud prevention this Christmas
As many as 8% of US consumers are affected by identity fraud at Christmas time.
FinovateEurope 2020: what’s new?
Big changes are coming to Finovate!
Finovate: fraud prevention, cybersecurity and regtech
The eMagazine features unique insights from the FinovateAsia and Middle East shows.
Russian AML agency claims $14bn in prevented transactions
Rosfinmonitoring chief talks up Russia’s clampdown on criminals.
The 20th Banking Technology Awards winners have been announced
It was a brilliant celebration of excellence and innovation in the banking industry.
FCA hands out record level of fines in 2019
UK watchdog has handed out £391 million in fines so far in 2019.
Video: Top fintech stories this week – 06 December 2019
FinTech Future’s weekly news round-up.
US DOJ digs deeper into Deutsche role in Danske money laundering scandal
Deutsche officials were made aware that the scope of the DoJ probe had broadened.
Westpac hires familiar tech partner IBM to probe its AML bust up
Westpac has been using IBM’s infrastructure since the 1990s.
Where has trust gone – can banks even recover their standing in the community?
Traditional banks might find themselves facing a future where the front doors are locked for them!
Video: Top fintech stories this week – 29 November 2019
FinTech Future’s weekly news round-up.
IMF to put Nordic banks’ AML controls under microscope
International regulator investigates banks’ alleged failings.
Customer involvement in fraud mitigation
Pressure for speed has impacted the time available to ensure accuracy.
