This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
When you're closing on one coast and your financing agent is on the other coast, it gets problematic and presents an incredible amount of risk to the industry,” Colassano said. RTP makes a big difference to banks in time sensitive businesses like mortgages which have had to deal with a bank payment system that worked on East Coast hours.
That’s where the real risk lies. But these measures alone don’t eliminate the inherent risks of decentralised data. It simplifies compliance and risk management by centralising sensitive data into a single, tightly controlled location. If your business handles payments, it’s time to ask: why hold the risk at all?
New research from payments juggernaut Mastercard has revealed that cyberattacks are becoming ever more present in the financial world and small and medium businesses (SMEs) need to be prepared as this trend doesn’t show any signs of slowing down.
Stregnthening economies to combat fraud Financial Crime Insights: Europe provides authoritative research findings and industry perspectives that define notable trends and priorities within the financial sector across the UK, EU, and Nordics.
Real-Time Gross Settlement (RTGS) (2004): A major leap forward, establishing a robust system for large-value, real-time interbank fund transfers, enhancing systemic efficiency and reducing settlement risk. This democratized electronic fund transfers for individuals and small businesses.
By Douglas Hall, Publisher, PaymentsNEXT Discover’s 2024 Payments State of the Union highlights risks and opportunities In today’s fast-paced digital economy, slow The post Unlocking Growth Amid Payment Delays and Fraud Risks first appeared on Payments NEXT.
PayPal’s approach to addressing fraud is multi-pronged, comprising building innovative technologies, leveraging investigative research led by its team of experts, and refining its risk controls to help prevent bad actors from accessing its platforms.
Small and mid-sized businesses (SMBs) are suffering from a continuing onslaught of cyberattacks as threat actors adopt more efficient targeting and AI-driven attacks, according to a new report from cybersecurity firm SonicWall. From ransomware surges to the rapid rise in IoT and encrypted threats, businesses are increasingly at risk.
From virtual assistants to risk modeling and hyper-personalized customer experiences, banks are betting big on AI to transform operations, reduce costs, and redefine digital engagement. On the risk and operations side, common uses include fraud detection, anti-money-laundering pattern detection, credit risk scoring and trading optimization.
The launch comes in the face of 80 per cent of UK banks saying sluggish innovation is hurting their business, fueling talent shortages, resource wastage and eroding their competitive edge, according to a recent research study by core banking fintech SaaScada. ” Encouraging operational risk elsewhere?
WhatsApp prides itself on the security of its encrypted messages, however, according to new research from Revolut, the global fintech with 11 million UK customers and 50 million globally, UK consumers are losing an average of 2,437 from scams originating on the communications platform.
The rapid adoption of digital wallets has introduced a complex web of regulatory considerations, ranging from data privacy and cybersecurity to anti-money laundering (AML) compliance and cross-border transaction governance. Adopt multi-factor authentication (MFA) and biometric verification to reduce fraud risks.
Generative Artificial Intelligence (GenAI) is revolutionising many industries, but with this innovation comes significant risks. Recent research by Signicat reveals that AI-driven fraud now constitutes 42.5% of all detected fraud attempts in the financial and payments sector, marking a critical turning point for cybersecurity.
Deep Dive Opinion Library Events Press Releases Topics Sign up Search Sign up Search Retail Banking Restaurants Regulations & Policy Risk Technology B2B An article from Processors lean on AI to fight fraud Payments players are urging Washington policymakers to leave artificial intelligence less regulated so they can use it to fight fraud.
The artificial intelligence team will be based at PayPals existing Dublin office, with roles in AI engineering, data science, software development, risk modelling, and cybersecurity.
The research found that 5.5 To combat fraud , organisations are committing more resources to cybersecurity measures. Mollies research found that they spend an average of 15 daysor 120 hourseach year managing and mitigating fraud-related issues. million SMEs lost 10,800 this year as a result of fraud.
Through this, the company seeks to simplify their workflow, minimise the risk of errors, and offer clearer sales insights. Business owners can integrate physical payments into Mollie’s platform, in turn being able to manage all their transactions in a centralised dashboard.
The launch followed the publication of RS2’s latest whitepaper, How to solve banks’ legacy system challenges while controlling risk , which highlighted that up to 70% of banks’ IT budgets had been consumed by maintaining outdated infrastructure.
Professionals in decision-making roles are driving their teams to enhance cybersecurity measures and reduce operational risks as AuditBoard , the cloud-based audit, risk, compliance, and ESG management platform, reveals that 91 per cent are concerned about looming cybersecurity threats.
The New York-based firm claims the product will be the first crypto wallet to use finger vein identification, a biometric technique that maps the unique pattern of veins beneath a user’s skin, to improve security as well as reduce the risk of fraud and loss.
This process aims to provide teams with access to tailor risk programs to new products, regulatory jurisdictions, internal policies, and evolving risks. Free Headlines in your E-mail Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Launched in partnership with blockchain security firms SlowMist and Elliptic , the 2025 Anti-Scam Research Report from Bitget coincides with the launch of the crypto exchange’s Anti-Scam Month, an initiative dedicated to security education and ecosystem-wide awareness.
According to iFOREX’s statement from 10 June 2025, the inspection process, which is a scheduled regulatory review by oversight bodies to analyse if the company is complying with specific themes or risk areas, is almost completed.
Developed alongside FinTech Scotland, the Centres plan has an initial two-year focus on delivering, innovation, actionable research and skills training to support industry-led research calls around areas such as digital payments, digital assets and digital identity.
New research has revealed that almost one in four financial services firms are in direct violation of ECCTA regulations, leaving them seriously vulnerable to the new ‘failure to prevent fraud’ offence, while nearly a third of firms are failing to do their due diligence with clients.
Event Spotlight 25 26 February 2025 | Intercontinental O2, London Europes leading fintech conference by and for the executives transforming financial services [ 1000+ decision-makers | 600+ from banks and investors | 1000s of meetings | 35+ demos | 100+ speakers ] Save 10% with discount code: FKV2483LABS Book Now > Please contact us if we are (..)
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content