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Fraudsters thrive on data deficiencies and underinvestment in cyber defenses.
Companies know this, but they still leave the door open. Security is not a checkbox; it’s a dynamic, data-driven ecosystem.
As findings from the Government Accountability Office (GAO) and PYMNTS Intelligence separately revealed, public and private sector organizations have work cut out for them in building a...
The Federal Reserve’s instant payment system is increasing its transaction limit amid growing commercial demand.
The FedNow® Service’s network transaction limit is set to increase from $1 million to $10 million, Federal Reserve Financial Services announced Tuesday (Sept. 9).
This shift, the second increase this year, is designed to let financial institutions and businesses support...
The European Commission has approved DoorDash’s plan to purchase rival food delivery platform Deliveroo.
As Reuters reported Tuesday (Sept. 9), the approval clears the way for the $3.9 billion deal, first agreed to in May, soon after reports of a possible acquisition first emerged.
The report also noted that this is a significant milestone for the meal delivery industry, allowing...
Anti-money laundering (AML) and countering the financing of terrorism (CFT) need streamlining and modernizing as financial institutions face new threats from cyber criminals and illicit financial networks tied to everything from drug cartels to shadow banking to weapons procurement.
Financial Crimes Enforcement Network (FinCEN) Director Andrea Gacki made these observations Tuesday (...
Entrust has integrated Mastercard Identity insights powered by Ekata into the Entrust Identity Verification Security Platform.
This combination delivers intelligent pre-screening that identifies threats early to strengthen fraud prevention and automates remote onboarding for customers to streamline their onboarding experience, the companies said in a Tuesday (Sept. 9) press release....
JPMorgan Chase CEO Jamie Dimon sounded a warning on Tuesday (Sept. 9) after the latest labor market data showed the U.S. economy slowing.
A revised report from the Labor Department earlier that day showed the economy created far fewer jobs than previously thought, revising downward the agency’s nonfarm payroll data for 12 months through March by 911,000 jobs.
“I think the economy is...
Anthropic on Tuesday (Sept. 9) launched a feature preview that allows users of its artificial intelligence (AI) assistant Claude to create and edit files, including Excel spreadsheets, Word documents, PowerPoint decks and PDFs, directly within Claude.ai and the desktop app. Per the announcement, the new capability represents a significant expansion of Claude’s functionality, moving beyond text-...
Stablecoin issuer Circle has launched a collaboration with digital asset platform Fireblocks.
The partnership, announced Tuesday (Sept. 9), is aimed at making it easier and safer for financial institutions to develop digital asset offerings.
The combination of Circle’s stablecoin network and Fireblocks’ custody and payments infrastructure and network will “provide cross-border treasury...
Stablecoin issuer Figure has increased the size and price range of its initial public offering (IPO).
The company said in a securities filing Tuesday (Sept. 9) that it was now marketing the IPO at a price range of $20 to $22 a share, aiming to sell 31.5 million shares. Figure had initially targeted a range of $18 to $20 a share, with plans to sell 26 million shares.
Based on these...
Experian launched a new solution in the United Kingdom that streamlines know your customer (KYC) checks by continuously monitoring customer data from internal and external sources and automatically flagging data changes that may indicate risk.
The Financial Crime Compliance Perpetual Monitoring solution reduces financial institutions’ reliance on manual periodic reviews, prompts them...