News with the tag "Evolve Bank"

A notorious hacker has successfully breached a major US bank, stealing sensitive customer information from a long list of financial firms in the process. The Tennessee-based lender Evolve Bank & Trust says the Russian-linked ransomware gang LockBit has hacked its system and appears to have stolen mo...

Evolve Bank & Trust has recently confirmed a cybersecurity incident. The cybercrime group Lockbit 3.0 reportedly released customers’ personal identification data on the dark web. The bank, known for its fintech partnerships and facilitation of customer accounts for firms with significant crypto user...

The Federal Reserve and Arkansas State Bank Department have mandated sweeping reforms at Evolve Bank & Trust following significant compliance breaches. The order highlights issues in anti-money laundering efforts and consumer protection, especially in its dealings with fintech companies and prominen...

The Federal Reserve issued a cease and desist order to Evolve Bank and Trust due to unsafe banking practices and inadequate anti-money laundering measures. Evolve Bank faces challenges with regulatory compliance following issues with fintech partnerships, notably with Synapse Financial Technologies....

Binance’s Financial Crimes Compliance Department recently collaborated with Taiwan’s Ministry of Justice Investigation Bureau and the Taipei District Prosecutors Office on a significant cryptocurrency-assisted money laundering case involving nearly NT$200 million (approximately US$6 million). The cr...

Juno Finance acknowledges the disruption in banking services and is collaborating with its brokerage and banking service providers, Synapse and Evolve Bank & Trust, to restore full service as soon as possible. Juno is a financial platform that integrates checking and savings accounts with cryptocurr...