Driving a new model, Informed.IQ is committed to working with lenders to raise awareness of fraud risks in the retail auto space. Watching for...

The operators of a Texan payments firm with ties to the UK pleaded guilty in the US to money laundering failures after their business...

Technology billionaire Romesh Wadhwani’s artificial intelligence software company agreed to buy BAE Systems Plc’s financial crime detection business, NetReveal. Terms of the deal weren’t disclosed,...

Core provider Jack Henry is offering a way to ensure financial institutions can select vendors that align with their required levels of risk and...

Attacks on financial institutions’ websites by bad bots are on the rise, with their penetration tactics growing more sophisticated and challenging to detect. Data...

The Department of Justice (DOJ) is ramping up its anti-trust efforts, creating new challenges for large fintechs entering traditional bank spaces. The DOJ has recently brought forth several criminal cases challenging wage fixing and “no poach” talent agreements between large companies. While these cases were not fintech-specific, growing non-bank financial institutions will likely face similar […]

Phishing surpassed vulnerability exploitation as 2021’s top fraud vector, with big banks among the most imitated brands. On a list of the top 11 most-spoofed companies in phishing attacks, BMO Harris and Chase came in at fourth and fifth, respectively, according to a recent report from technology consultancy IBM. June 2021 saw the highest number […]

John Elton, chief information officer of $40 billion TIAA Bank, said during his fireside chat at the Bank Automation Summit on Wednesday that regulatory compliance is where the bank is “now really beginning to spend a lot of time." While Elton noted that the Jacksonville, Fla.-based bank has always been regulatory compliant, he stressed the […]

CHARLOTTE, N.C.—The Bank of Montreal saw improvements in its fraud monitoring once it started using the Pindrop platform and banking consortium data in its workflow. Pindrop is a fraud analytics platform that uses voice and artificial intelligence (AI) technologies with a risk database to detect fraudsters, spoofing and phishing attempts in the contact center, according […]

Russia’s invasion of Ukraine puts U.S. financial institutions at elevated risks of cyberattacks, and experts believe proactive steps should be taken to lessen threats. Russian cybercriminals have taken aim at U.S. interests before, and the attacks predicted to arrive in the wake of heightened U.S. sanctions are nothing new, Tari Schreider, strategic cybersecurity advisor with […]

The Biden administration plans to increase anti-corruption efforts in financial services with new anti-money laundering (AML) regulations in corporate banking and cryptocurrency. The threat of government action against banks and cybercriminals is significant, Daniel Hazel, head of customer lifecycle management at intelligent automation fintech Workfusion, tells Bank Automation News in this episode of “The Buzz” […]

The digital economy continues to grow, up significantly from 2002, when total holiday sales hit just $416.4 billion. Eventually it all passes through financial service institutions. Whether payments are processed through Apple Pay or Venmo, PayPal or a debit card, there is always involvement with an account at a financial services institution. This opens up […]