Revolut falls victim to “highly targeted” cyber-attack
In an e-mail to affected customers, Revolut says some individuals may be vulnerable to fraud and phishing attacks.
Financial Crime & Fraud
Fraud prevention and compliance fintech Sardine nets $51.5m Series B
Sardine boasts a client list of over 135 companies including FTX, Blockchain.com and WealthSimple.
Standard Chartered trials duplicate financing prevention solution
The Trade Financing Validation Service is powered by fintech MonetaGo’s Secure Financing system.
Nigerian fintech Arca taps ThetaRay for AI-powered AML solution
Arca is the first Nigerian fintech to utilise ThetaRay’s Sonar solution.
Compliance regtech SteelEye raises $21m Series B funding
SteelEye claims the $21m Series B marks the largest raise by a European regtech firm in 2022.
St James’s Place taps AML regtech Napier for customer screening solution
Napier offers an AI-led platform for AML and trade compliance.
ID verification platform Alloy raises $52m in Series C extension round
The fresh cash will support Alloy’s continuing global expansion.
Is fraud outpacing fintech?
Financial crime continues to reach new heights, but fintech is leading the counterattack.
Webinar: Mitigating fraud and risk on the ACH network
Hear from Nacha and Modern Treasury experts how to effectively manage risk and minimise fraud in ACH payments.
Darlington Building Society taps LexisNexis to help fight fraud
The firm will look to utilise LexisNexis’ RiskNarrative platform.
Banking Tech Awards USA 2022 Winners Supplement out now
People, projects & products that demonstrated stellar results, genuine innovation and had a tangible impact.
OneBanx taps regtech PassFort for know your business solution
PassFort says the solution will enable “seamless” onboarding for business customers.
Zurich Cantonal Bank taps NetGuardians to tackle payments fraud
NetGuardians uses behavioural analytics, artificial intelligence (AI) and machine learning (ML) to detect fraud.
Banking Tech Awards 2022 – nomination deadline extended
The deadline for nominations for the Banking Tech Awards 2022 is now Friday 19 August.
Does a recession lead to more financial fraud?
A recession brings new challenges to FIs within a changing fraud landscape.
Ohio’s KeyBank taps Quavo for dispute management platform
KeyBank will deploy Quavo’s QFD solution to automate its fraud and dispute processes.
Q&A: How IBM aims to support innovation in the fintech sector
FinTech Futures speaks with IBM’s Prakash Pattni to discuss the role IBM plays in the fintech ecosystem.
How can banks protect the new breed of fraud victims?
Advances in behavioural biometrics technology can help banks catch criminals before they strike.
Equifax acquires chargeback fraud prevention firm Midigator
Midigator automates the chargeback dispute response process and provides real-time data to businesses.
Scottish Building Society taps AML firm Jade ThirdEye to upgrade security
Jade ThirdEye will upgrade the firm’s existing transaction monitoring solution.
Webinar: The future of payment protection – biometric authentication
How can businesses strengthen their fraud defences with biometric authentication.
Al Rajhi Bank Malaysia taps Feedzai for risk management platform
Feedzai’s RiskOps platform will help strengthen the security of ARBM’s upcoming digital bank offering.
Mexico’s NanoPay selects BPC to boost its anti-fraud protection
BPC’s SmartVista solution will enable NanoPay to better protect its credit card customers.
Recognise Bank taps TruNarrative for digital customer onboarding solution
The RiskNarrative platform will digitise a number of AML and KYC processes via a single API.
Less than two weeks until nomination deadline for Banking Tech Awards 2022
The deadline for nominations for the Banking Tech Awards 2022 is Friday 22 July.
Banking Tech Awards 2022 – call for judges
Join the judging panel for the Banking Tech Awards and be in great company of industry experts!
Banking Tech Awards USA 2022 Winner: Hamilton Reserve Bank – Best Use of Risk, Compliance & Fraud Protection Technology
Hamilton Reserve Bank and authID on the benefits of seamless and secure digital identity assurance.
AML software firm Lucinity raises $17m Series B funding
Lucinity says the funding will help expand its customer base, partner network and product offering.
Congratulations to the PayTech Awards 2022 winners!
The winners and highly commended were announced in a ceremony at the Merchant Taylors’ Hall in London.
WTH are ZKPs? Making blockchain transactions private
In order to gain or have mainstream adoption of blockchain tech, it needs to be private.
How banks can protect customers from impersonation fraud
Figures from UK Finance reveal impersonation fraud cases have surged by 300% in the last year.
Daxsen Group to launch new digital bank in Ecuador
Daxsen Bank intends to reduce operational and transactional costs to “revolutionise” the country’s banking sector.
Video: Kraken at Money 20/20 Europe – Keeping up with cybercriminals
We chat with Curtis Ting of Kraken to discuss how financial crime is evolving in the digital asset space.
Data platform SAS acquires financial risk management firm Kamakura
Together, SAS’ and Kamakura’s solutions “will prove far greater than the sum of its parts”.
Video: How Payoneer prevents financial crime with ThetaRay’s tech
Payoneer explains why it chose ThetaRay to monitor payments on its global platform for financial crime.
Is standardisation the secret weapon against trade finance fraud?
How lenders can leverage technology to mitigate duplicate trade fraud.
Account freezing orders: the FCA flexes its regulatory muscle
What are account freezing orders and what should fintechs take away from recent action by the FCA?
Virgin Money partners SurePay to implement Confirmation of Payee
Virgin Money says it chose SurePay due to its “extensive experience” in providing Confirmation of Payee solutions.
ComplyAdvantage appoints ex-WorldRemit head as CTO
Mark Watson brings over 26 years of tech experience into his new role as CTO.
Swiss cantonal bank BLKB turns to NetGuardians to fight payment fraud
NetGuardians’ software is now used by more than 40% of all cantonal banks in Switzerland.
