Banks face rising risk from synthetic insider hiring schemes
AI-enabled fake worker identities are challenging bank controls by turning approved employee access into a channel for data theft...
By Rafael Ortiz 2 months agoFintech Correspondent
Rafael Ortiz
Rafael covers payments, banking infrastructure, and the software eating financial services. Former product lead at a payments processor.
Latest from Rafael Ortiz
Justice Department seizes World Cup streaming domains
US authorities said more than 1,000 domains carried unauthorized live World Cup streams, citing copyright violations and consumer...
By Rafael Ortiz 2 months ago
Visa launches stablecoin platform for institutional clients
Visa’s beta platform supports minting, redemption and transfers of Open USD as corporate use of digital assets remains limited, PY...
By Rafael Ortiz 2 months ago
Natural secures $30mn to build payment rails for AI agents
Forerunner led the Series A for the one-year-old startup, which is building infrastructure to let autonomous agents hold, send and...
By Rafael Ortiz 2 months ago
Hugging Face says malicious dataset exposed internal credentials
The AI platform said attackers used an uploaded dataset to run code on its servers, prompting credential rotation and user token c...
By Rafael Ortiz 2 months ago
Retailers turn loyalty files into fuel for AI shopping tools
Ulta, Sephora, CVS and payments firms are linking loyalty records to AI systems as third-party tracking weakens and shopping disco...
By Rafael Ortiz 2 months ago
Citi and Wells Fargo treasury units show fee growth beyond lending
Second-quarter results showed corporate transaction services rising at major US banks, supported by demand for payments, liquidity...
By Rafael Ortiz 2 months ago
US leading index falls as housing permits and expectations weaken
The Conference Board’s LEI declined 0.2% in June, though other sentiment gauges showed firmer readings in early July.
By Rafael Ortiz 2 months ago
Alloy Labs adds seven banks to community banking consortium
The consortium said membership now tops 90 banks across 46 states, with combined assets near $500 billion.
By Rafael Ortiz 2 months ago
Procurify adds AI agents to mid-market procurement platform
The company says three new agents use customer spend data to automate purchase intake, order coding and accounts payable workflows...
By Rafael Ortiz 2 months agoTD treasury executive urges stronger controls for agentic AI adoption
Tom Gregory of TD Bank U.S. says treasury teams need clearer governance before AI systems begin executing payments and liquidity a...
By Rafael Ortiz 2 months ago
Moonshot pauses Kimi K3 sign-ups after demand strains GPU capacity
The Chinese AI startup said new subscriptions will reopen in batches as it adds capacity for its 2.8tn-parameter open-weight model...
By Rafael Ortiz 2 months ago