Industry roundup: 25 November
by Graham Buck
Deutsche Bank adds SWIFT Beneficiary Account Validation; Hong Kong-listed China government bond ETFs in demand; Fitch warns Qatari banks vulnerable
Fraud Prevention
Background
Fraud is wrongful deception for financial gain. The global levels of fraud are huge and growing: according to the Association of Certified Fraud Examiners (AFCE) in the USA, a typical business loses 5…
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Industry roundup: 24 November
by Kylene Casanova
BNPL transactions heighten risk of fraud, KeyBank buys B2B fintech company, international trade is forecasted to grow by 70%
Industry roundup: 8 November
by Kylene Casanova
Ransomware attacks on rise, cryptocurrency and compliance more critical as digital payments gain popularity, cross-border payments and fintechs
Industry roundup: 5 November
by Kylene Casanova
Financial gateway to assist airlines, first successful green finance project complete by BIS Innovation Hub and Hong Kong Monetary Authority
Industry roundup: 29 October
by Kylene Casanova
Visa-based payment method solution growing around the globe, ransomware attacks continue, and rapid AI transformation
New fraud prevention tool launched by BofA
by Kylene Casanova
Bank of America’s new service offering, Account Validation, will assist in fraud prevention
ENISA: Hackers-for-hire are top cyber security threat
by Graham Buck
The pandemic and working from home have created opportunities for criminals, the agency reports
LEI usage grows worldwide as more partners join The LEI Foundation
by Jack Large
Contour partners with GLEIF to enable LEI usage on their digital trade finance network
Industry roundup: 13 October
by Jack Large
News in brief featuring ACI Fraud Index, and Top-tier managers who lead their team to greatness
Industry roundup: 7 October
by Graham Buck
News in brief featuring NatWest's AML lapse and BNY Mellon joins Marco Polo network
OpenTreasury #4 - Top Treasury News: AFP Risk Survey, Man-in-the-Middle Attacks, Citi’s Research, and ESG Climate Change
by CTM News Team
Host Jack Large sits down with Craig Jeffery and Ben Poole to review the latest treasury news and developments.
Fraud: Man in the middle attacks
by Kylene Casanova
Defending against adaptive MITM threats begins with a security mindset and continues through training and process controls
20 Best practices for cyber ATTACK survival
by Jack Large
Payments P20 report brings together vital advice from key players in MUST READ list
COVID fails to stop fall in operational risk losses reported by global banks
by Ben Poole
Figures from ORX show that gross losses, number of events and operational risk loss as a percentage of income were all down last year.
Pandemic working practices expose underfunded cyber defences
by Ben Poole
EY research finds 56% of businesses have sidestepped cyber processes to facilitate requirements around remote working.
Minimising fraud is still about the basics, even with latest technologies
by Jack Large
During the pandemic, fraud has soared, making the need to focus on the basics AND more in-depth real understanding of what is happening
Treasurers plan rapid digital transformation to survive and thrive
by Jack Large
New technology report from GTreasury shows key trends, must have capabilities, and what dislike
UK businesses voice concerns over barriers to international commerce
by Ben Poole
Bottomline research finds international payments predicted to decrease further.
Better ways to detect and disrupt financial crime
by Ben Poole
New research commissioned by SWIFT Institute analyses the current financial transaction monitoring model and suggests opportunities for the future.
Fraud – the biggest danger is your own staff and contractors
by Jack Large
Don’t forget the basics in fraud prevention
Making KYC checks easier for corporates
by Ben Poole
KYC checks can be a source of inefficiency for corporates with multiple banking partners. SWIFT’s KYC Registry aims to streamline these processes.
65% of financial professionals blame pandemic for increase in payments fraud
by Ben Poole
The 2021 AFP Payments Fraud and Control Survey, underwritten by J.P. Morgan, found business email compromise fraud attempts at 62% of companies.
ICFR driving financial reporting efficiencies
by Ben Poole
Beyond regulatory compliance, a KPMG report finds corporates in Abu Dhabi are benefitting from standardised processes and new business models.
91% of UK CEOs concerned about cyber threats
by Ben Poole
PwC research also found 67% of UK CEOs plan to increase long-term investment in cybersecurity and data privacy as a result of COVID.