NEW YORK—An economic downturn is expected to drive a rise in financial crime, according to a new survey of fintechs that finds the tech upstarts are staffing up their financial crime prevention teams.
Fresh Today
BENTONVILLE, Ark.—The Faster Payments Council (FPC) has released the Faster Payments Service Provider Catalogue.
WASHINGTON—Credit unions and other companies are being warned about fraudsters maliciously targeting legitimate remote monitoring and management (RMM) software, the usage of which has grown as more people work from home.
NEW YORK—Alternative payment methods are seeing growing adoption in money transfers, and while digital wallets are getting much of the attention, push-to-card is also seeing significant growth, according to a new report.
PARIS—“Talking” credit cards are helping the visually impaired avoid abuse at the checkout line.
ALBANY, N.Y.—The New York State Department of Financial Services has adopted a new regulation relating to disclosure requirements for commercial financing.
DUBLIN, Ireland—The global anti-money laundering market is expected to reach $7.7 billion by 2030, according to a new study.
ST. PETERSBURG, Fla.—Credit and debit growth rates were up in January over the final month of last year, reports PSCU, which also noted the credit card delinquency rate has now returned to pre-COVID levels.
ARLINGTON, Va.—Total retail sales increased 2.9% in January after falling 1.1% in December, another factor contributing to the good news/bad news scenario for the Federal Reserve, which is likely to consider pushing up rates longer than many had anticipated.
WASHINGTON––Credit unions have more than tripled the amount of funds they have set aside as provision for loan and lease losses, although the move is not out of step with historical trends, according to a new analysis.