Asia Pacific banks lag in integrating fraud compliance functions: FICO survey

A recent survey by global analytics software firm FICO has revealed that only 18 per cent of Asia Pacific (APAC) banks have a strategic plan to fully integrate their fraud and anti-money laundering (AML) compliance functions, even though 71 per cent say that convergence will improve the ability to stop fraud and financial crimes. Continue Reading

CAIT demands enquiry by govt to probe e-commerce cos, banks

Traders’ body CAIT demanded a high-level enquiry by the Centre to probe the “unholy nexus” of e-commerce firms, companies owning brands and banks for causing price distortion in the country’s e-commerce market. Continue Reading