Neobanks’ poor compliance fuels rise in digital fraudBy Giovanni Legorano
September 14, 2023
Lax compliance processes at neobanks risk contributing to a rise in digital payments for money laundering, Europol has said.
In its first-ever report on financial and economic crime in the EU, the bloc’s law enforcement agency said ‘challenger’ banks had often grown too quickly at the expense of ...
The battle between hackers and banks is very unequal, with the former often able to perform their attacks anonymously at little cost. For banks, much is at stake from reputation...Read more