Abu Dhabi regulator brings crypto under control
Follows the completion of a public consultation.
Financial Crime & Fraud
PayPal gets anti-fraud ability with $120m acquisition of Simility
Buys fraud prevention and risk management platform.
Europol takes down e-commerce fraud gang
Judgement day has arrived.
South Korean crypto exchange Bithumb victim of $31m heist
Deposits and withdrawals have been subsequently stopped.
ThetaRay is AML way for ABN Amro
Five-year project to improve bank’s AML and CTF capabilities.
Risk Ident keeps watch for fraud over Universum
Universum’s device fingerprint tech will up its security.
Avoka on Springboard for deposit account opening
Offering FIs an off-the-shelf solution that integrates digital KYC, fraud and risk evaluation, and funding.
The mistakes financial organisations still make when it comes to phishing
How to go about cybersecurity training in the right way.
Signifyd lands $100m in Series D funding
E-commerce fraud protection provider Signifyd has more than doubled its financing total.
Vasco rebrands as OneSpan, acquires Dealflo
Business solutions company Vasco is making a major pivot.
Fraudsters target BMO and CIBC’s Simplii Financial
Alleged to be in possession of customers’ personal and financial information.
Criminals capture $1.2bn in cryptocurrency since 2017
Anti-Phishing Working Group reveals the danger… and damage.
Fighting a (losing) battle against fraud
It appears financial institutions and businesses in the US are fighting a losing battle.
Infographic: card fraud – is biometrics the missing piece of the puzzle?
Thumbs up as Fingerprints is on hand to help with some pointers.
identitii teams with RPA firm Blue Prism
Will design tech to digitise and automate corporate payment and trade transaction processes.
Italian cryptocurrency exchange BitGrail’s quest halted
You’re under arrest sugar!
Barclays escapes fraud charges over Qatar capital raising
But UK’s Serious Fraud Office is “likely to seek to re-instate these charges”.
Mexican banks hit by cyberattacks
Between $15-20m taken from at least five Mexican financial groups.
Capital One buys digital identity start-up Confyrm
“Scrappy little start-up” has made a difference.
Infographic: How to spot cryptocurrency scams
I pity the fool that doesn’t look at this anti-scam infographic.
TSYS teams with 118 118 Money for UK credit card programme
Paytech and lendtech firms sign long-term agreement.
Credit Karma teams with SpyCloud for dark web data monitoring
Credit Karma expands its identity theft monitoring offering to include data from the dark web.
Start-up e-Doley Finance takes BGFI Bank to court
Not all bank-fintech collaborations have a happy outcome.
Nubank turns to Acesso Digital for facial biometrics tech
Brazilian fintech Nubank leverages facial biometrics to help combat credit card fraud.
Centra Tech founders arrested and charged with fraud
Three out of the four charges carry a maximum sentence of 20 years.
Emirates NBD goes blockchain for its “Cheque Chain”
Integrates blockchain technology into bank-issued cheques.
SpyCloud lands $5m in funding
All is revealed by security breach detection and account takeover prevention service.
SEC charges Mozido founder with investment fraud
Michael Liberty and “friends” took some real liberties with the cash.
NatWest links with Vocalink to foil fraudsters
Bank bolsters defences for detection of invoice fraud.
Moxtra teams with OCBC Bank to pilot new mobile app
To deploy and test the new “Secure Chat Banking” mobile app.
Pindrop is tongue-licking good for biometrics
Jaws drop as it launches Tongueprinting.
Carbanak and Cobalt crime crew caught
Mastermind behind €1 billion cyber bank robbery arrested in Spain.
Bank of Ceylon combats financial crime with CustomerXPs’ tech
Sri Lankan bank has signed for Clari5 real-time AML solution.
Steward Bank signs for NetGuardians’ cybersecurity tech
Fraud fighting solutions find a place at Zimbabwean bank.
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”.
