KPMG to close U.K. SMB accounting unit, IBM makes $2 billion AI investment, and Uber and Amazon among most-expensed brands
| | | | BUSINESS TO BUSINESS EDITION | | B2B Payments Fraud Tracker |
| UK Metro Bank Hit By Messaging Scams Technology has long been used in the service of payments fraud. Recent schemes tied to messaging and email fraud have tricked banks, such as the U.K.âs Metro Bank, and leveraged Gmail to commit credit card fraud. |
| B2B FinTech Firms Brace For Growth With New VC Venture capitalists are urging tech startups to hold on to their cash, and prepare to weather any economic downturn. Uncertainty hasn't seemed to dissuade investors from backing B2B FinTech firms, this week's roundup shows, but companies say they have plans to spend the cash on hiring and tech investment. |
| | Cybersecurity | | When Passwords Become Corporates' Own Worst Enemy Despite corporates' rising anxiety levels over cyberattacks and data breaches, Thomas Pedersen, chief technology officer and founder of OneLogin, says he often sees firms operating without security measures like multi-factor authentication. He tells PYMNTS how that exposes firms to threats like the Business Email Compromise scam, and explores how an API ecosystem introduces new challenges to corporate data security. |
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