Anti-Fraud

US eyes greater cyber influence with new Cyber Diplomacy Act bill

The US House of Representatives has passed a bill that would create a cyber diplomacy office at the US State Department and boost US influence in global cyberspace.

FaceTec, Onfido team to take on growing digital fraud challenge

US face matching platform FaceTec has partnered with identity verification company Onfido to combat the rising challenge of digital fraud.

MoneeMint chooses TruNarrative for onboarding and transaction monitoring

TruNarrative has been chosen by UK’s ethical digital banking platform MoneeMint to provide customer onboarding and transaction monitoring solutions.

US court gives fraudster 7-year jail sentence following attempted $2m scam

A US federal judge has sentenced a Houston-based man to a 7-year jail sentence for his role in trying to steal over $2m from victims through romance scams and spoofed emails.

Ransomware attacks climb dramatically in first half of 2021

A mid-year report by internet security company SonicWall has found the number of ransomware attacks in H1 2021 has already outperformed the entire year of 2020.

FBI finds cybercrime group has targeted US firms since November last year

The FBI has discovered that the OnePercent ransomware gang has been actively targeting US organisations since November 2020 as a ransomware affiliate.

Almost half of on-premises databases worldwide vulnerable to attacks

A five-year study by cybersecurity firm Imperva has found up to 46% on-premises databases globally contain at least one vulnerability that could expose them to attacks.

Security firm Gabriel nets $12m from SoftBank-led Series A

Sao Paulo-based company Gabriel has snagged $12m from a Series A funding round led by the SoftBank Latin America Fund.

McAfee to be acquired by private equity firms in huge $14bn deal

Cybersecurity giant McAfee is to become a private company again after it agreed to be acquired by a group of private equity firms in a $14bn agreement.

Arctic Intelligence bolsters financial crime capabilities through FrankieOne alliance

Australian RegTech firm Arctic Intelligence has entered into strategic alliance with FrankieOne to strengthen financial crime synergies between the two.

News Stories

Validata and Temenos enhance bank reconciliation with extended technology partnership

Validata and Temenos enhance bank reconciliation with extended technology partnership

Validata, a leading provider in AI-driven reconciliation and data management tools, has partnered with Temenos, a banking software developer. 

Corpay boosts market presence with strategic Paymerang acquisition

Corpay, which offers corporate payments, has officially announced its intent to acquire Paymerang, a top provider of accounts payable automation solutions.
Canadian sustainable fixed income funds excel in early 2024

Canadian sustainable fixed income funds excel in early 2024

Canadian sustainable fixed income funds have made a robust start to the year, with the Morningstar Canada Sustainable Fund Landscape for Q1 2024 reporting an impressive $193.3m in inflows.
Pomelo and Thunes innovate cross-border finance with new digital wallet solution

Pomelo and Thunes innovate cross-border finance with new digital wallet solution

Bloomberg today unveiled a groundbreaking tool on the Bloomberg Terminal that enables investors to scrutinize portfolios, funds, and indices through sustainability thresholds tailored by the users themselves.
“The top 10 banks for AI talent currently account for 51% of the overall banking industry talent pool—a huge advantage when it comes to AI adoption. This concentration of AI talent has real consequences. If the banks that lag behind cannot close the gap, the race to implement AI will become an uphill struggle.”

US banks are surpassing European counterparts in AI talent growth

In the past six months, the world's foremost banks have expanded their AI talent by 9%, a rate that doubles their overall headcount growth, according to a survey from Evident.

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