The rising incidence of IRS tax refund check theft has spurred the House Ways and Means Committee into action, advancing a suite of legislative measures aimed at protecting taxpayers and improving the overall efficiency of the tax system. This bipartisan initiative underscores a collective
Kofi Ndaikate is well-versed in the dynamic world of Fintech. His expertise spans various industry areas, from blockchain and cryptocurrency to regulation and policy. In this interview with Jay Thibain, Kofi discusses the pressing issue of financial fraud targeting Gen Z and the general importance
The recently announced advanced Anti-Money Laundering (AML) solution by AU10TIX, a prominent global technology company specializing in identity verification and management, is set to redefine risk management strategies in the fight against financial crimes. By integrating cutting-edge technology
In a sweeping legal move, the Consumer Financial Protection Bureau (CFPB) has filed a significant lawsuit against the operator of Zelle and three major U.S. banks—Bank of America, JPMorgan Chase, and Wells Fargo. The agency accuses these financial giants of failing to protect their customers from
The financial landscape is undergoing a significant transformation as open banking and cashless payments emerge as the driving forces behind future fintech developments. Open banking, an innovative system that allows consumers to share their financial data securely with third-party providers via
Blockchain technology is poised to revolutionize the financial services industry by 2030, offering unprecedented levels of automation, transparency, efficiency, and security. As we delve into the multifaceted impact of blockchain on financial services, we will examine its applications, growth
