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The Fintech Times – Edition 59

The Fintech Times

While the potential benefits appear endless, these advancements also present challenges, including tougher regulatory requirements, ethical considerations and the need for advanced data security measures. This is not just about compliance – it’s about building trust. Happy reading!

FinTech 59
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PSR Reveals Huge Disparity in How Banks Approach to APP Fraud Claims

The Fintech Times

For every £1million sent by customers of Lloyds , Bank of Scotland and Halifax , £228 was lost to APP scams. Meanwhile, for every £1million received into Skrill accounts in 2023, £18,550 was from APP scams. These league tables represent a vital step towards addressing these issues and ensuring accountability among firms.”

Scams 64