CHICAGO–As more consumers continue to go online for banking and other financial transactions, from TransUnion has found fraudsters are ramping up their efforts in the financial services industry.
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PLANO, Texas–Catalyst Corporate has launched a new product it said is specifically designed to help credit unions prepare for the adoption of new accounting requirement related to Current Expected Credit Loss, or CECL.
SANTE FE, N.M.–State Employees Credit Union has begun building a new headquarters.
SANTA ANA, Calif.– A man who previously trained others on compliance matters has been sentenced to 24 months in federal prison for not complying with a host of laws.
NEW DELHI, India—In a move that some analysts suggest foreshadows how new payment technology can disintermediate FIs, a move by the Reserve Bank of India allows a mobile wallet user, who has fulfilled all know-your-customer (KYC) norms, to send and receive money from different mobile wallets, including the likes of Paytm and PhonePe.
NEW YORK—Analytics is a powerful tool for regulation and can be used to prevent financial crime, a global report on data has stated.
MOUNTAINVIEW, Calif.—Google has unveiled Datashare for financial services, a new product the company said is designed to help organize third-party data from market data publishers such as exchanges and other providers, as well as data consumers — including investment banks, asset managers and hedge funds.
WASHINGTON—An Austrian man has been arrested in the United Kingdom on criminal charges related to his alleged participation in a conspiracy to launder hundreds of millions of dollars through the U.S. financial system as part of a scheme to pay bribes around the world and defraud the Brazilian government, the U.S. Department of Justice announced.
SIOUX FALLS, S.D.–The ATM Security Association (ASA) has launched what it said is the world’s first global crime intelligence database for the ATM industry.
WASHINGTON—After more than $800 billion in loans disbursed—including more than $10 billion by credit unions–the Paycheck Protection Program (PPP) has come to an end after exhausting its funding.