fraud

India’s IDBI Bank reports $119m fraud

India’s state-owned lender IDBI Bank has disclosed that its five branches in the southern states of Andhra Pradesh and Telangana…

Chinese banking regulator fines Guangfa Bank $109m for fraud

The China Banking Regulatory Commission (CBRC) has fined Guangfa Bank RMB722m ($109m) for issuing forged guarantee, concealing bad assets and…

Citi, Paysafe tap MasterCard’s artificial intelligence tool to combat fraud

Citi and Paysafe have implemented MasterCard’s artificial intelligence (AI) tool, known as Decision Intelligence, to protect their customers from fraud…