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The problems don't seem to be over for Nigerian electronic payments provider eTranzact after it reported it incurred a loss of $306,623 in the second quarter, wiping away the recovery it had enjoyed after a 2018 fraud scandal.
Republic Bank of Chicago has inked a partnership Atlanta-based RegTech DataSeers, enabling the bank to tap into its fraud and compliance management solution FinanSeer.
Four men have been arrested on charges of an invoice fraud scheme that allegedly enabled them to steal $19m from e-commerce giant Amazon.
The Bank of Ireland has been fined €1.66m ($1.95m) by the Central Bank of Ireland for misleading the institution about a security breach back in 2014.
First-party fraud, or “friendly fraud”, is now 50% more common than third-party fraud, according to a report from Fraud.net.
Explorium, a data science solution powered by automated data discovery, has closed its Series B on $31m.
FICO's Siron solution has made a name for itself enabling businesses to combat money laundering and terrorist financing, which is now being used by the International Bank of Azerbaijan (IBA) in a new deal.
Jan Marsalek, former COO of disgraced FinTech Wirecard, is reportedly hiding in Moscow, protected by the Russian secret service.
The Covid-19 lockdown has encouraged scammers to take up their efforts a notch, according to Barclays.