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Celebrating FinCrime Fighter Day: Honoring the heroes of financial security

Abrigo

Say "thank you" this National FinCrime Fighter Day BSA professionals and financial crime fighters are tasked with the challenge of protecting our financial system daily. October 26 is National Financial Crime Fighter Day , and it’s the perfect time to pause and applaud everything these professionals do.

Security 221
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Elder fraud: Preventing elder financial exploitation at your institution

Abrigo

As the global population of individuals aged 60 and over is projected to increase by 38% between 2019 and 2030, elder abuse and elder financial exploitation (EFE) are becoming increasingly prevalent issues. The National Council on Aging estimates the annual cost of elder fraud to be closer to $36.5

Fraud 221
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UN Rule Mandates Connected Cars Be Secured Against Cyberattacks

PYMNTS

A new rule from the United Nations will require connected cars sold in Japan, South Korea and the European Union, among other places, to be protected against cyberattacks, The Wall Street Journal (WSJ) reported. billion in 2030, WSJ reported. billion this year to $9.7

Security 146
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JP Morgan Creates $100B Funding Arm To Help UN

PYMNTS

JPMorgan has created a $100 billion funding arm — the JPMorgan Development Finance Institution (DFI) — to expand investments in emerging markets and help the United Nations (U.N.) is striving to tackle a host of issues in developing countries — from infrastructure and food security to climate change and health — by 2030.

National 148
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Chinese Finance Group Calls For AI Regulation In Ecosystem

PYMNTS

When it comes to securities, banking and other finance products which are employing technology such as a facial recognition or big data analytics, technologies to regulate that intelligent finance have lagged behind AI development, according to a report by the China Finance 40 Forum , a platform for finance policy research and academic exchange.

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Grab Creates Accelerator For Vietnam Startups

PYMNTS

Grab Ventures Ignite will nurture and support promising Vietnamese startups in their journey to become national champions in Vietnam’s tech startup ecosystem, in line with the government’s national strategy to create 10 technology unicorns by 2030,” Grab said in a statement.

National 130
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Former Restaurant Execs Seek $230M For SPAC

PYMNTS

The New York-based corporation, composed of eight experienced restaurant owners, is seeking to raise up to $230 million for a blank-check company, according to a filing with the Securities and Exchange Commission (SEC). The document says it intends to sell 23 million shares at $10 per share. The sector is expected to reach $1.2