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Criminals turn their attention to online fraud in the US

Cyber crime

Criminals have deepened their focus on US online transactions since the country’s October 2015 EMV liability shift, with card-not-present (CNP) fraud expected to hit $6.4 billion in 2018, according to a new report from the US Payments Forum.

Citi Digital Money Symposium: learning to swim during a tsunami

Citi

At yesterday’s Citi Digital Money Symposium, the question of a strategic response to fintech and the broader innovation challenge was posed to speakers from a number of large incumbent firms in the financial services sector.

India’s proposed m-wallet rules don’t hinder Samsung Pay launch

India

While the Indian government works toward a digital economy, the Reserve Bank of India (RBI) is soliciting feedback through 31 March on guidelines for prepaid payment instruments (PPI) that could adversely affect issuers of prepaid products, including mobile wallets. Banking Technology‘s sister publication Paybefore reports that the biggest sticking points with industry players pertain to […]

Top fintech stories this week – 24 March 2017

Banking Tech 2

Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

SEC says “no” to Winklevoss Bitcoin exchange-traded fund

No Bitcoin traded here

The US Securities and Exchange Commission (SEC) has dashed the hopes of internet entrepreneurs and venture capitalists Cameron and Tyler Winklevoss, who were hoping to create an exchange-traded fund (ETF) for the virtual currency Bitcoin.

Brexit could see UK influence over AI dramatically decline

It'll be hard

Despite numerous assurances to the contrary, as the UK lumbers towards Article 50 there are still concerns about the negative impact on the technology sector.

Why we need diversity before AI takes over

Robots

We hear a lot about how artificial intelligence (AI) has the potential to displace jobs, especially those held by women in tech, but should we also worry about a future overrun with sexist, racist machines?

Faster loans for consumers with little credit history? Experian and Finicity think so

Credit score

New underwriting technology developed by Experian and financial data aggregator Finicity could speed up borrowing and enable millennials and other consumers with thin or no credit files to receive money. The product emerges amid a federal call for more work on helping those potential borrowers build credit scores.

Samsung Pay makes its India debut

Samsung Pay logo

Digital payments app, Samsung Pay, has been launched in India. Access is limited to those who signed up for the early access programme and available only on its mid-segment and flagship Samsung Galaxy devices.

MoneyGram board to further consider Euronet proposal

Euronet and Ant Financial sweet on MoneyGram

Money transfer giant MoneyGram can give further consideration to Euronet’s surprise bid to acquire the company from under the nose of Ant Financial.

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