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Tag: Risk & Compliance

OKX Exchange to List WIF and MEW for Spot Trading

. . . OKX, a well-known cryptocurrency exchange, has recently revealed its plans to list two new tokens, WIF and MEW, on its spot trading...

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Three-quarters of European banks to outsource payments infrastructure

A new study from leading banking and payments infrastructure specialists Tietoevry Banking reveals that almost three-quarters (73.2%) of European banks intend to outsource parts...

UK Fraud report: H1 2022 sees decline in fraud of 13%

A total of over £609.8 million was stolen through fraud and scams in the first half of 2022, a decline of 13% compared to...

Report: Underscoring the importance of cybersecurity amid shifting fraud threats

Visa has shared an updated look at how fraud has evolved since the height of the pandemic, with criminals simultaneously targeting online and offline...

56% of FCA regulated firms have not implemented critical Consumer Duty deadline

Businesses are in danger of failing to embrace the opportunity that the upcoming Consumer Duty regulation presents and may not be compliant due to...

Banque de France successfully pilots post-quantum security technologies

The Banque de France has successfully concluded an experimental project to test the implementation of a communication security solution using so-called “post-quantum” algorithms, that...

Banks don’t focus enough on user experience in transaction disputes

Recent work by McKinsey and Company has shown that banks improving their customer experience generate more revenue than their peers. Focus on user experience in...

Dispute Resolution: Banks are ignoring the customer, and it’s costing them

A new white paper by leading European banking infrastructure provider Nets says banks must do more to make initiating a disputed transaction easier for...

Citibank has lucky escape over $500 million transfer as Judge overturns ruling

Citibank has been told it is entitled to recoup $500 million that it accidentally wired Revlon, a US appeals court has announced. Citibank has lucky escape...

The Verizon Business 2022 Payment Security Report

For more than a decade, Verizon has documented compliance trends in the evolving payment security industry. The Payment Security Report (PSR) has tracked compliance...

Report: Majority of countries have experienced increases in fraud losses

The ‘return to normal’ from the pandemic in 2021 was uneven across the continent due to variances in vaccine rollout, resurgence of Covid infections,...

Walmart pursues dismissal of FTC money transfer lawsuit

Early last week, Walmart asked the federal court handling the FTC’s lawsuit into money transfer fraud to dismiss it. Walmart’s brief lays out several...

Nordic and Australian banks back digital identity roll outs

Just days after a report showed the publics overwhelming support of the UK’s Digital Identity and Attributes Trust Framework (DIATF), the National Australian Bank...

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