Tags Fraud

Tag: Fraud

How will the Wirecard scandal affect the FinTech sector?

The collapse of Wirecard has sent shock waves through the FinTech industry, cut customers off from their money and raised some serious questions about the role of regulators.

Identity fraud fighting startup ubble raises €10m in seed round

French tech startup ubble has bagged €10m in seed capital and a partnership with Bpifrance, the investment bank.

FCA orders Wirecard UK to cease all activity as the scandal...

The collapse of German payment giant Wirecard has taken another turn as the UK's Financial Conduct Authority (FCA) has ordered the FinTech's British branch to cease all regulated activities.

Wirecard has gone bust after scandal saw the FinTech unable to...

FinTech Wirecard has filed for insolvency after a week of turmoil that saw it unable to account for a $2.1bn hole in its balance sheet and its former CEO being arrested on fraud allegations.

Visa is launching an AI-powered solution to fight the risk of...

As billions of data records have been stolen through the years, payment giant Visa has announced a new tool in the fight against fraud.

Mobile app flaws could leave half of mobile banks at risk...

Over half of bank mobile apps could leave companies and their clients exposed to fraud, according to a new report.

SEC charges penny stock traders for COVID-19 fraud

A penny stock trader is facing fraud allegations that could see him slammed by permanent injunctions, civil money penalties, a penny stock bar, and disgorgement with prejudgment interest.

Financial frauds and payment trends to look out for right now

The coronavirus has raised the risk of financial fraud across the world. Now, Featurespace, a Cambridge-based company that uses AI to detect fraud for banks and retailers, has listed the top ones to look out for right now.

Financial crime fighting company Featurespace raises £30m to drive growth

A year after its latest funding round, Featurespace has bagged another £30m to expand its offerings.

Nearly half of consumers see fraud as a cost of the...

Worryingly, 42% of consumers in the UK consumers see fraud as a cost of living in an increasingly digital economy, according to a survey from card issuing platform Marqeta.