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!
Desjardins spends CAD 70m related to data breach
It’s offered the affected accounts a credit monitoring plan and identity theft insurance.
Nasdaq uses AI to root out stock-market abuse
It detects irregular trading patterns and alerts officials according to machine-learning.
CFTC charges trader with spoofing in financial futures markets
The filing and settling charges are against the trader, Benjamin Cox.
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.
Banking Technology July/August 2019 issue out now
Drawing the curtains on a bright tomorrow.
Anti-fraud firm Bleckwen kicks it off with $10m funding
A great way to come out of stealth.
Desjardins announces internal security breach
The personal information of 2.9 million members was disclosed.
KnowBe4 reaches $1bn valuation with latest investment round
The cybersecurity firm has raised a further $300 million.
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.
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.
Avant settles FTC unfair loan servicing charges for $3.85m
The online lender faced multiple charges of “deceptive” practices.
Dashlane raises $30m to up password protection
Dashlane is expanding its horizons with new features like password breach alerts and monitoring.
White paper: FICO for fintech – Fraud and Compliance
Improve CX by building an agile defence ecosystem against financial crime.
Varo Money gets NICE AML tech
AML and KYC for all mobile needs.
Tech giant SAS commits to £1bn AI investment in three years
It aims to develop new AI skills as well as teach customers how to use them.
A guide to digital identity verification: the tech and trends
Examine global trends in identity and technical insights into viable solutions.
US Fed bars ex-Goldman Sachs staff over 1MDB misuse
Two former employees are prohibited from the banking industry.
Fiserv powers NationalLink’s smart safe technology
To access the smart safes from anywhere.
OneCoin boss arrested for crypto fraud
The firm and its leaders are accused of creating a pyramid scheme.
White paper: How to combat fraud in 3 easy steps
How are fraudsters slipping through the net and how to combat fraud?
Shift Technology lands $60m funding for AI ambitions
Series C round brings total investment in insurtech to $100 million.
Signifyd unveils chargeback solution for merchants
“Friendly fraud” meets a feisty foe.
Empty wallets turn up in QuadrigaCX crypto exchange case
The death of its CEO has left a lot of unanswered questions.
Wells Fargo makes record $240m settlement over fake bank accounts
Bank officials denied wrongdoing in agreeing to the settlement.
QuadrigaCX crypto exchange court case calls for $30m payout
Judge’s decision in Canada follows the firm’s collapse in January.
StanChart braces for $900m fines over US and UK banking issues
Bank sets aside money for potential penalties over FX and crime controls.
White paper: Third-party cyber risk
Your weakest link.
Data intel firm GBG acquires IDology for $300m
UK firm buys identity verification and fraud prevention specialist for American dream.
Coinbase acquires blockchain intelligence platform Neutrino
Crypto exchange seeks better analysis of data on public blockchains.
NsKnox raises $15m with Microsoft’s aid
Fighting the fraud fight for payments.
Live Webinar: Account Takeover Fraud – How To Protect Your Business
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