Overcoming security concerns, the majority of financial services firms in the US and Asia Pacific have embraced cloud technology, won over by the potential for massive cost savings, according to research from IDC Financial Insights.

Banking cooperative Swift has unveiled a number of initiatives designed to address the compliance challenges facing banks and corporates. The unveiling came at a Swift Business Forum in Zurich where Swift executives, corporate treasurers and bankers addressed member banks on a range of topics, from financial crime compliance to Switzerland’s fintech scene.

US fintech giant First Data is strengthening its e-commerce hand through the acquisition of Atlanta-based Acculynk. Financial terms of the deal were not disclosed.
The move gives First Data access to Acculynk’s PaySecure debit routing technology, which allows merchants to process online debit payments through the most cost-effective available network.

The Center for Financial Professionals interviewed Dalit Stern, Director of Enterprise Fraud Risk Management, TIAA Financial Services, ahead of the 6th Annual Risk Americas Convention, where she provides insights in to the importance of measuring fraud through KRIs and metrics and more.

The Securities and Exchange Commission has charged two former iPayment executives with a scheme that allegedly saw them manipulate the credit card processing firm's accounting systems to steal millions of dollars.

Global CRASH Report from CAST uncovers applications in Financial Services can be exploited to steal confidential information.