Capital One’s “wilful” AML failures land the bank a $290m penalty
Some $16 billion in reportable transactions passed through the bank’s platform.
bankingtech.com
Capital One
2020 review: 10 largest regulatory fines this year
The fines kept flowing even in a year as turbulent as 2020.
Capital One takes swipe against “risky” BNPL firms
“These kinds of transactions can be risky for customers and the banks that serve them.”
Capital One fined $80m for 2019 data breach
US firm pays the price for hack that exposed data of 106m customers.
Lucy Hagues steps in as Capital One UK CEO
Hagues takes over from Amy Lenander, who heads stateside.
Turn to commercial banks for treasury management innovation
Commercial banks are taking up a starring role.
Capital One reveals huge data breach by hacker
More than 100 million customers’ details were compromised in the incident.
Zelle Makes Presence Known in P2P Arena
The recent performance of Zelle Network, the P2P payments platform with the funny name, is no laughing matter for competing P2P providers. Early Warning Services, a provider of real-time payments, authentication and risk mitigation services, announced April 17 that its Zelle Network processed more than 170 million P2P payments in 2016, totaling $55 billion in transaction value.
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