Wild West to crypto best: How compliance separates cowboys from champions
Major players will be forced into closer collaboration with regulators.
Financial Crime & Fraud
Top fintech stories this week – 16 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
ECB discovers data breach in bank newsletter
It is the second time in five years.
Desjardins spends CAD 70m related to data breach
It’s offered the affected accounts a credit monitoring plan and identity theft insurance.
HMRC cracks down on crypto investors
The tax authority has requested customer data from UK exchanges.
FinApps slaps $100m lawsuit on Envestnet Yodlee
It claims that the platform ripped off its code to release their own product.
Nasdaq uses AI to root out stock-market abuse
It detects irregular trading patterns and alerts officials according to machine-learning.
SVS Securities enters administration
The FCA has opened an investigation into the company.
Ipagoo enters administration
This was to protect the interests of Ipagoo’s customers.
Indonesia shuts down 826 illegal fintechs in 2019
The regulator began a crackdown last year.
CFTC charges trader with spoofing in financial futures markets
The filing and settling charges are against the trader, Benjamin Cox.
New Zealand regulator suspends AxiCorp’s derivatives licence
The suspension is effective from 29 July 2019.
Omni chooses TruNarrative to combat financial crime
The POS consumer credit company was seeking a future-proof solution.
Dos and don’ts of sanction screening
Regulators seek to send a strong message to financials if they drop the ball on sanctions screening.
Equifax to pay up to $700m to settle data breach
The records of at least 147 million people were exposed in the incident.
Borgun adopts TruNarrative MLM platform
The solution will reduce onboarding time for new clients.
Lloyds fights fraud with Callsign
The tech checks if the user is really who they claim to be.
Banking Technology July/August 2019 issue out now
Drawing the curtains on a bright tomorrow.
An after after-dark round-up
FinTech Futures unravels the hot topics covered at 11:FS’ live podcast.
SmartSearch pioneers first online AML business credit checks
It will enable clients to see an overview of a business’ credit score.
ICC 2019, Moscow: an interview with Dmitry Samartsev
Bi.Zone’s CEO talks about the interactions between governments and companies around cybersecurity.
Anti-fraud firm Bleckwen kicks it off with $10m funding
A great way to come out of stealth.
ICC 2019, Moscow: attacks of all shapes and sizes
An overview on cyber threat trends.
Desjardins announces internal security breach
The personal information of 2.9 million members was disclosed.
ICC 2019, Moscow: less talk, more action
Raising awareness to the right people.
Anti-fraud firm BlockClaim completes £500k seed funding
The UK-based firm uses AI and blockchain to detect fraud.
KnowBe4 reaches $1bn valuation with latest investment round
The cybersecurity firm has raised a further $300 million.
ABN AMRO invests in Israeli data analytics firm Thetaray
The financial details of the deal have not been disclosed.
Synapse receives $33m for back-end fintech
The San Francisco-based start-up expects integrations with Visa and MasterCard.
Verint Engage 2019: AI, security and genius hacker stories
How changing a phone number can change everything (and cost you millions).
BlueVoyant gets $82.5m funding for cybersecurity analytics
Bringing the total funding to $207.5m.
Dashlane closes $110m funding for password protection
And appoints new CMO.
Top fintech stories this week – 24 May 2019
TransferWise just became even bigger, Nuvei Bidco acquires SafeCharge, and more!
Deutsche Bank’s suspicious transaction reporting hit by software glitch
The problem has prevented flagging for almost a decade.
Investors lost over £27m to crypto and forex scams last year
The FCA and Action Fraud aim to raise awareness of investment fraudsters.
KYC firm 4Stop raises $2.5m for fight against fraud
The Series A was led by Ventech.
Atom picks TruNarrative to provide AML solution
Atom was looking for a better way to manage false positives.
Data privacy firm QEDIT expands reach with three new partners
Follows QEDIT’s $10 million Series A investment round.
Crypto exchange Binance falls victim of $41m hack
It has since stopped trading to keep the market under control.
Fenergo supports Bahrain’s blockchain-based KYC
It will support retail and corporate banking, with other sectors in the future.
