December 29, 2024 – FintechDaily

Amber Alert Issued by NCA: Warning About Rampant Artwork Money Laundering

The UK’s National Crime Agency (NCA) has issued an amber alert aimed at mitigating the risk of money laundering within the art storage sector. The...

Collaboration: The Essential Ingredient for Effective Fraud Management

In a closing session at EBAday 2024 in Lisbon, a panel featuring Marc Corbalan, VP of RTP Analytics at Visa; Erwin Kulk, Head of Service...

Caution: Don’t Fall for the Hype

The Commodity Futures Trading Commission (CFTC) has issued a customer advisory alerting the public to be vigilant against artificial intelligence (AI) scams. The advisory warns...

HSBC Penalized £57.4 Million for Major Failures in Depositor Protection

HSBC has been fined £57.4 million by the Prudential Regulatory Authority (PRA) for failing to accurately log accounts that were eligible for compensation under the...

New York Attorney General Files Lawsuit Against Citi for Weak Security Measures and Inadequate Fraud Victim Reimbursement

New York's Attorney General is suing Citibank for failing to adequately protect customers from fraud and scams. The lawsuit claims that Citi does not implement...

Santander Spain Names Ignacio Juliá as New CEO

Ignacio Juliá, former CEO of ING for Spain and Portugal, has been appointed as the new CEO of Santander Spain, effective 1 October 2024, pending...

Klarna Sells UK Loan Portfolio to Hedge Fund Elliott Advisors

Klarna is set to divest its UK loans book to hedge fund Elliot Advisors in a strategic move to generate £30 billion to support its...

SC Ventures and NEXT176 Collaborate to Unveil Financial Wealth Platform

Standard Chartered’s investment arm, SC Ventures, has partnered with the building and investment division of Pan-African financial services group Old Mutual, NEXT176, to launch a...

Former Chancellor Osborne Joins Coinbase as an Advisor

Former UK Chancellor of the Exchequer George Osborne has joined the advisory council of cryptocurrency exchange Coinbase. Osborne, who served as chancellor from 2010 to...

Scammers Can Guess Nearly 50% of Passwords in Under a Minute

Scammers can crack 45% of passwords within a minute, employing brute force or smart guessing tactics, according to a warning from security firm Kaspersky. Kaspersky...