The New York State Department of Financial Services (DFS) issued new guidance to help DFS-regulated entities address and combat cybersecurity risks arising from artificial intelligence (AI). “AI has improved the ability for businesses to enhance threat detection and incident response strategies, while concurrently creating new...
Trouble with federal regulators continues for Wells Fargo. The Office of the Comptroller of the Currency (OCC) said Thursday (Sept. 12) that it has signed a formal agreement with the bank to rectify deficiencies in its anti-money laundering (AML) and financial crimes risk management practices....
Finexio and Unimarket have partnered to launch a payment risk assessment and management tool. The new Payment Risk Score (PRS) is designed to tackle payment fraud by offering enterprises a data-driven approach to assessing risk levels across common payment methods, the companies said in a...
More high-quality data is being produced today than at any other period in history. This data, in vast and incomprehensible amounts, is being produced by businesses and individuals. Unlocking it has the potential to positively transform those same businesses and individuals. There is a problem:...
June 20, 2024
More high-quality data is being produced today than at any other period in history. This data, in vast and incomprehensible amounts, is being produced by businesses and individuals. Unlocking it has the potential to positively transform those same businesses and individuals. There is a problem: ensuring privacy, security and intellectual property (IP) safeguards to protect […]
June 11, 2024
The most valuable solution is the one that is there when you need it. And for America’s millions of small and medium-sized businesses (SMBs), they mostly share one common problem:...
January 24, 2024
No matter the attack vector, bad actors have a singular strategy in place when it comes to eCommerce fraud, Jason Paguandas, VP and GM, Merchant Security and Fraud, Carat from...
October 10, 2023
The business-to-business (B2B) payments economy represents a $125 trillion opportunity for the right innovation to unlock. But those trillions of dollars being shuffled around between businesses don’t sit lightly — and...
October 17, 2024
Nasdaq has introduced technology to calculate investment portfolio risk using machine learning. The new functionality, announced Thursday (Oct. 17), will be woven into Nasdaq’s Calypso platform, used by banks, insurers and other financial institutions to do things like access capital markets, manage risk and adhere to regulatory reporting obligations. “Nasdaq’s machine learning technology is combined with a sophisticated […]
October 16, 2024
The New York State Department of Financial Services (DFS) issued new guidance to help DFS-regulated entities address and combat cybersecurity risks arising from artificial intelligence (AI). “AI has improved the...
September 11, 2024
Finexio and Unimarket have partnered to launch a payment risk assessment and management tool. The new Payment Risk Score (PRS) is designed to tackle payment fraud by offering enterprises a...
April 30, 2023
Federal regulators have cited Crypto and FinTech-focused lender Cross River Bank. The Federal Deposit Insurance Corp. (FDIC) issued a cease-and-desist order against the New Jersey-based bank due to its lending practices, the agency announced...
