Fintech execs convicted in US after $160 million sent to Nigeria
The operators of a Texan payments firm with ties to the UK pleaded guilty in the US to money laundering...
Risk & Security
SymphonyAI acquires fraud detection platform from BAE Systems
SymphonyAI, an artificial intelligence (AI) software-as-a-service company, this week announced it is acquiring financial crime detection platform NetReveal from BAE...
Billionaire’s tech firm to buy BAE fraud-detection arm NetReveal
Technology billionaire Romesh Wadhwani’s artificial intelligence software company agreed to buy BAE Systems Plc’s financial crime detection business, NetReveal. Terms...
Transactions: SAS acquires risk management company Kamakura Corporation
Analytics software company SAS has completed its acquisition of risk management company Kamakura Corporation, the companies announced Monday. Terms of...
Listen: RBC’s cybersecurity takes a full-court press approach
Cybersecurity measures are a priority at Royal Bank of Canada (RBC), from monitoring and mitigation to solution investment. Banks rarely...
FDITECH Sprint addresses bank identity fraud
Banks are being challenged by deciphering between their customers and cybercriminals amid a push to provide robust digital experiences. A...
BMO Financial Group taps UiPath for unattended bot implementations
Robotic process automation (RPA) initiatives have created “millions of dollars” in value for BMO Financial Group, but the bank’s efforts...
Jack Henry launches automated risk assessment program
Core provider Jack Henry is offering a way to ensure financial institutions can select vendors that align with their required...
Bad bot attacks surge 156% at financial services websites
Attacks on financial institutions’ websites by bad bots are on the rise, with their penetration tactics growing more sophisticated and...
Open banking: Balancing innovation with security
After years of stop-start evolution, the market boom that open-banking advocates have been waiting for appears to be underway. The...
