Blockchain and Bitcoin round-up: 10 July 2017

No Bitcoin traded here

Reading doesn’t have to be a trial. Our latest blockchain and Bitcoin round-up keeps it ultra-brief. Featuring Mt. Gox, less than smooth criminals, the Council of the European Union and Coinsource. Mark Karpeles, the former CEO of collapsed Bitcoin exchange Mt. Gox, will go on trial in Tokyo next week on charges stemming from the […]

SEC files fraud charges in Bitcoin and office space scams


A UK citizen living in New York is facing fraud charges brought by the US Securities and Exchange Commission (SEC) in relation to two bogus investment schemes.

CFPB clamps down on credit repair companies, leadership


The US Consumer Financial Protection Bureau (CFPB) has filed two complaints and proposed final judgments in federal court against four California-based credit repair companies and three individuals for “misleading consumers and charging illegal fees”.

Money20/20 Europe: let AI negotiate

Money20/20 Europe 2017: KAPOW!

Are trends eclectic for artificial intelligence (AI)? Perhaps not as the fintech world is getting more imaginative and calling for the machines to negotiate on behalf of less-than-objective humans. At this morning’s (26 June) sessions at Money20/20 in Copenhagen, the themes of AI use cases in financial services and fraud were discussed.

Barclays hit with fraud charge over Qatar capital raising


The UK’s Serious Fraud Office (SFO) has charged Barclays and four of its former workers with conspiracy to commit fraud over capital raising arrangements with Qatar Holding and Challenger Universal. The charge also includes the provision of unlawful financial assistance contrary to the Companies Act 1985. The charges relate to events in June and October […]

Ghana’s Premium Bank opts for NetGuardians’ anti-fraud solution

ICSFS gains new live site in Ghana

Ghana-based Premium Bank has selected NetGuardians’ anti-fraud solution FraudGuardian. FraudGuardian uses a “patented big data model to correlate and analyse human behaviours across the entire bank system including eBanking, service channels, IT systems and financial transactions”. The firm says it can help banks prevent fraud in a proactive manner. FraudGuardian will integrate with the Temenos […]

Fintech funding round-up: 30 May 2017


It’s all go for money flow. Our latest fintech funding round-up, featuring NetGuardians, Banco BNI Europa, Raize and Wave. Swiss fraud prevention vendor NetGuardians has reported a Series C investment of CHF 8.5 million ($8.7 million). The investors in this round are Swisscom Ventures and Freemont Management. The financing will be used to fund NetGuardians’ […]

Cognitive computing is not cognitive at all

Roger Schank

IBM are not doing “cognitive computing” no matter how many times they say they are.

Blockchain: not the silver bullet against fraud that many expect it to be

BBVA and Ripple in blockchain cross-border payments trial

Anyone that picks up any business publication has no doubt read about blockchain. Conceptualised around the same time as the financial crisis in 2008, blockchain as originally conceived served as a digital ledger to publicly record cryptocurrency transactions and execute contracts.

Barclays backs British fraud fightback


Barclays has unveiled its new £10 million digital safety drive in the UK as it wants to increase the public’s awareness of financial fraud risks. As part of its plan, it will offer new debit card choices to let customers turn on and off remote spending and change ATM limits. It has revealed a new […]