UK Authorities Shut Down Fraud-as-a-Service Platform
The UK’s National Crime Agency has shut down an online platform that criminals used to defraud consumers out of tens...
AI-Powered Financial Advisors Impact Wealth Management Industry
Like many other industries, the wealth management sector has integrated artificial intelligence where applicable, including in chatbots and financial modeling....
ECB Building Digital Euro as a Private Payment Alternative
The European Central Bank addressed concerns that its planned central bank digital currency, the digital euro, could be used to...
Bank of England Spotlights Tokenization as Key Innovation Initiative
The Bank of England has released its blueprint for maintaining agility in the rapidly evolving payments landscape. The central bank...
Cybercriminals Exploit CrowdStrike Incident in Spear Phishing Attacks
CrowdStrike has notified its customers that cybercriminals have launched spear phishing attacks on German users following the global internet outage...
ECB’s Cybersecurity Stress Test Reveals Challenges for EU Banks
The European Central Bank released the results of its first stress test of EU banks’ cybersecurity measures, revealing that many...
Bank of America’s CashPro App Sees 40% Rise in Business Payments Volume
Bank of America’s CashPro corporate payments app processed $500 billion through the first half of the year, a 40% increase...
Real Estate Transactions at High Risk for Fraud
Home buyers frequently send wire transfers to cover down payments and closing costs in real estate transactions. These transfers handle...
Credit Card Debt Isn’t Equally Distributed Among U.S. States
The amount of credit card debt U.S. consumers have accrued is now $1.3 trillion and rising, but some states have...
Brazil’s Pix Delays Automatic Debit Feature
Popular instant payments platform Pix will delay the launch of its automatic draft feature until next June, according to Brazil’s...
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