559 Results from /crime
Cyril Lalo CEO at ellipse Inc.
Although 2021 is just over three months old, we are getting data about payment card fraud in 2020 and it suggests some interesting trends. For example, the number of credit cards for sale on the dark web increased to 45 million in the second half of last year. Given the increase in eCommerce during the pandemic, one would intuitively expect gre
06 April 2021 /payments /crime Dynamic Card Security Code, CNP & eCommerce Forum
Retired Member
It’s a common observation that change is constant and accelerating, and this is certainly true in the regulatory space, and amplified by the disruptions of Covid and Brexit. Significant new regulations (e.g. MiFIR, FinIA, FinSA, AIFMD, and MiFID to name just a few) flow alongside ongoing adjustments, clarifications, and enforcements and add up to ...
05 April 2021 /regulation /crime
Two companies, a similar crime and significantly different penalties. Here’s what lessons we can learn from the G4S and Serco cases. Head of the Serious Fraud Office Lisa Osofsky has used a speech at a Society of Corporate Compliance & Ethics conference to show why the SFO will go easier on those firms which have made efforts to cooperate and...
31 March 2021 /regulation /crime
There is a dual movement spurring on the adoption of identity security in the financial services sector. Organisations are being ‘pushed’ by the growing threat of cyber-attacks to rethink and reinforce their security approach. At the same time, they are also being ‘pulled’ by the potential benefits of greater operational efficiency and improved co...
26 March 2021 /identity /crime Banking Strategy, Digital and Transformation
Alistair Catto Managing Director at Beyond
I recently co-hosted an industry workshop with Arachnys, a KYC and AML data specialist, exploring the potential benefits and challenges associated with adopting Perpetual KYC. Limited to just 20 participants, we were joined by representatives from several leading banks and asset managers including, Goldman Sachs, Investec, HSBC, Morgan Stanley and...
23 March 2021 /regulation /crime Financial Risk Management
As a quick recap, in my last article I talked about the brilliance of using software to turn mobile devices like smartphones and tablets into payment terminals. There’s a myriad of benefits that positively impact everyone in the payments ecosystem, from card schemes to banks, PSPs, merchants and the consumer. One of the most critical benefits of...
18 March 2021 /payments /crime Fintech
The Covid crisis has been challenging one for all of us, it has presented with opportunities for both good and bad. The pandemic provided the necessary impetus to drive the Digitalisation agenda within the banking sector, at the same time such a transformational agenda has helped criminals to benefit greatly. The business were directly impacted du...
18 March 2021 /regulation /crime Financial Risk Management
Chris Principe CEO at APB, Inc.
BUBBLENOMICS BubbleNomics, it’s new, it’s exciting, it’s a failure? The world has really changed. It has been a year since the COVID-19 Pandemic has infected the globe. Everything has been touched and everyone has been impacted. There is a distinct change in our daily family life, our jobs, and our communities. As of March 2021, globally there has...
16 March 2021 /wholesale /crime Women in FinTech
John Bertrand MD at Tec 8 Limited
Faster payments is the fraudsters’ preferred method of payment as the money arrives almost immediately in the payee’s account. To receive that payment therefore, the fraudster has to open a bank account. The current dysfunctionality is each bank holds the client’s information in confidence and does not share insights on risk on that account to oth...
08 March 2021 /payments /crime Financial Services Regulation
Claus Christensen CEO at Know Your Customer
Humans have been creating companies since ancient times, but business registries did not make an appearance on the global stage until the 19th century. National institutions – keen to tax businesses among the rise of global trade and the advent of the industrial revolution – started introducing official lists of organisations operating in their spe...
08 March 2021 /regulation /crime RegTech
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