As mobile banking proliferates and digital-first initiatives become the hallmark of financial services, bringing FinTechs and banks together on the same page — literally — can save time and money as they develop new products and services. And new players are starting to enable those...
Enterprise IT solutions platform Oracle is introducing new cloud services to provide smaller banks with the ammunition to fight large-scale money laundering schemes, Oracle said in a statement on Wednesday (Oct. 28). The Oracle Financial Crime and Compliance Management Cloud Service delivers extensive cybersecurity capabilities...
A government report found that airplanes have a number of digital technologies that might become susceptible to hackers and says American regulators have not put sufficient methods in place to contend with the risk, Bloomberg reported. Entertainment systems, wireless networks, technologies that send information back...
Digital insurance platform CoverWallet, an Aon company, has unveiled a new offering for growth companies that have received venture capital (VC) investments, according to a Monday (Aug. 3) announcement. VC-backed firms can purchase and handle Employment Practices liability, Directors & Officers insurance (D&O) and Fiduciary...
When it comes to payments in commerce, what — and who — you don’t know can hurt you. Underpinning that is the fact that the movement of money itself is all about knowing who you’re moving the money for. For software companies and platforms that...
In a study of Global Positioning System (GPS) technology, researchers found that loss of the service would have an impact of $1 billion per day per an approximate estimate. The National Institutes of Standards and Technology sponsored the study, which was performed by RTI International...
Risk has rewards in all parts of life, but especially in business, where shrewd risk-taking and planning accrues to the bottom line. In an interview with Karl Schamotta, chief market strategist of Cambridge Global Payments, the executive weighed in on the risks and rewards of...
President of Chinese financial investment platform Phoenix Finance believes the nation’s FinTech companies pose “a very big risk.” Vince Zhang spoke at CNBC‘s East Tech West conference in China, saying that many of the country’s tens of thousands of FinTech firms don’t have the controls...
Understanding risk, particularly its sources and how to most effectively manage it, is one of the most fundamentally important topics in payments for those who provide services and those who use them. It is also, according to WePay Co-Founder Rich Aberman and WePay VP of...
