December 2024 – Page 51

Datricks Secures $15 Million for Its AI-Driven Risk Management Solution

Datricks, an AI-powered platform focused on enhancing financial integrity, has successfully raised $15 million in a Series A funding round led by the venture capital...

Irish Watchdog Data Protection Commission Puts Google PaLM 2 AI Model Under Scrutiny

The Data Protection Commission (DPC) serves as Ireland's national independent authority tasked with safeguarding individuals' personal data within the EU, in line with the General...

Mastercard to Acquire Threat Intelligence Leader Recorded Future in $2.65 Billion Deal

Mastercard has reached an agreement to acquire threat intelligence firm Recorded Future from private equity group Insight Partners for $2.65 billion. This acquisition is expected...

eToro USA to Cease Most Crypto Trading After SEC Settlement

Social investing platform eToro's US business has reached a settlement with the Securities and Exchange Commission (SEC), agreeing to pay $1.5 million and cease trading...

Federal Reserve Chair Will Remain in Position Despite Trump’s Pressure

Chairman of the Federal Reserve, Jerome Powell, has made it clear that he will not resign from his position if requested by Donald Trump upon...

App Fraud Decreases in H1; Card-Not-Present Incidents Rise by 26%

Financial losses from authorised push payment (APP) fraud, romance scams, purchase scams, and impersonation deceptions have significantly decreased in the first half of the year,...

Mastercard and MTN Partner with JP Morgan’s Kinexys Digital Payments for Settlement Solutions

Mastercard has connected its Multi-Token Network (MTN) to JPMorgan's Kinexys Digital Payments rail, enhancing B2B cross-border payments settlement. Unveiled last year, Mastercard's MTN is a...

Financial Management App IN1 Secures $6M in Funding

IN1, a financial management app for fiat and cryptocurrency, has successfully secured $6 million in seed funding. The app enables users to manage all their...

Regulator Demands Wells Fargo Address AML Shortcomings

Shares in Wells Fargo dropped on Thursday following the bank's signing of a formal agreement with the Office of the Comptroller, which commits it to...

Banks Called to Take Immediate Action to Prevent Future Quantum Catastrophe

Banking regulators have alerted the financial industry to begin developing plans to mitigate quantum computing risks immediately. A report by the G7 Cyber Expert Group...