Finextra

JUNE 11, 2025

Hundis: These were traditional financial instruments, akin to bills of exchange or promissory notes, used for transferring money across distances without physical movement of cash. Nationalization of Banks (1969, 1980): A major policy shift aimed at increasing financial inclusion and directing credit to priority sectors.

Financial Inclusion 52

Financial Inclusion Payment APIs and Integration Real Time Gross Settlement (RTGS) Funds Transfer 52

The Payments Association

FEBRUARY 26, 2025

Heres why financial institutions must rethink their authentication strategies to remain competitive. For instance, decreasing authorized push payment (APP) fraud is still a key priority for the UKs Payment Systems Regulator (PSR) in 2025. Its a great time to be a fraudster. Static authentication is a major vulnerability for FIs.

Authentication 88

Authentication Risk Fraud Prevention Compliance 88

The Fintech Times

JULY 15, 2025

Fairer Finance appoints Helene Brichet as chair of its consumer advisory board, replacing Chris Pond as he moves to lead the FCA’s Financial Services Consumer Panel. Fairer Finance appoints Helene Brichet as chair of its consumer advisory board, replacing Chris Pond as he moves to lead the FCA’s Financial Services Consumer Panel.

FinTech 59

FinTech Void Online and Mobile Banking Push-to-Card 59

Finovate

MARCH 7, 2025

As a proliferation of payment options promises to streamline banking and commerce, regulators, fintechs, and financial services companies are looking for ways to make sure that the challenges to these new payment optionsfrom technical complexity to new forms of fraud and financial crimeare met. And thats a really positive development.

Payments 52

Payments Push-to-Card Online and Mobile Banking P2P 52

The Payments Association

JUNE 16, 2025

The early impact of the UK’s mandatory reimbursement policy for authorised push payment (APP) scam victims, implemented in October 2024. Authorised push payment (APP) scams remain one of the most devastating forms of financial fraud affecting UK consumers. Why is it important? What’s next?

Scams 88

Scams Assessments Consumer Protection Fraud Prevention 88

The Paypers

JUNE 17, 2025

Bitget Wallet’s move aligns with a broader push to implement crypto payments into national payment infrastructure across global markets, allowing direct payments from the self-custodial wallet with decreased fees and mitigating the need for fiat conversion.

CBDC 41

CBDC Payments Financial Crimes Stablecoins 41

The Fintech Times

MARCH 12, 2025

The UK governments decision to scrap the Payment Systems Regulator (PSR) and merge its functions into the Financial Conduct Authority (FCA) has divided opinion across the financial sector. Prime Minister Keir Starmer framed the decision as a necessary shift to drive economic momentum.

FinTech 59

FinTech Payment APIs and Integration Fraud Prevention Regulations 59

The Paypers

JUNE 17, 2025

Fintech stakeholders have welcomed provisions that align FIDA with other regulatory frameworks, such as the PSR and PSD3, particularly the authorisation process for Account Information Service Providers (AISPs) to become Financial Information Service Providers (FISPs).

Consulting 36

Consulting FinTech CBDC Cross-Border 36

The Payments Association

JULY 18, 2025

The C-suite must continue to view resilience risks as existential threats to the firm's integrity and broader financial stability. Viewing these initiatives as a whole presents a clear regulatory trajectory: accelerated timelines, harmonised standards, and enhanced scrutiny across governance, conduct, and technology infrastructure.

Regulations 88

Regulations Payment APIs and Integration Payments Legal 88

Neopay

JUNE 20, 2025

Fraud is still one of the biggest challenges to the UK’s financial system, with more than £1 billion being taken through payment fraud in 2024 alone. This highlights a persistent issue within the financial services industry. While fraud losses are still high, the efforts to prevent these crimes have been equally significant.

Continuity 52

Continuity Security Fraud Prevention Law Enforcement 52

The Fintech Times

JUNE 26, 2025

Lowe, who had been serving as fractional CFO since October 2024, joins full-time from Fitzgerald Power to support Yaspa’s next stage of growth. The London-based fintech is planning expansion into new markets and sectors, building on its instant payments and identity platform for igaming.

FinTech 59

FinTech AI Online and Mobile Banking Non-Bank 59

The Paypers

JUNE 18, 2025

Subscribe News | Interviews | Voice of the Industry | Watch & Learn | Reports | Cross Border Ecommerce Research | Company Database | Events News Revolut launches AI-driven financial assistant Wednesday 18 June 2025 13:20 CET | News Revolut has planned to launch its own AI-driven financial assistant, according to the fintech’s representatives.

AI 41

AI CBDC Push-to-Card Digital Currency 41

The Paypers

JUNE 18, 2025

The process of designing a multi-polar international monetary system is expected to help strengthen policy constraints on sovereign currency countries, improve the resilience of the system, and optimise safeguards for global financial stability.

Multi-Currency 28

Multi-Currency CBDC Cross-Border Digital Currency 28

The Paypers

JUNE 11, 2025

Debate over credit card competition and stablecoin oversight Beyond stablecoins, the legislation has become a focal point for debates over credit card processing rules. Progressive senators have criticised the proposal for lacking sufficient protections against financial crime and systemic risk.

Stablecoins 36

Stablecoins Financial Crimes Credit Cards Crime 36

PYMNTS

SEPTEMBER 21, 2020

Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) show that several of the largest global banks moved money on behalf of scores of individuals and enterprises involved in criminal financial activity. As BuzzFeed reported, “laws that were meant to stop financial crime have instead allowed it to flourish.

Fincen 139

Fincen AML Suspicious Activity Report (SAR) Financial Crimes 139

Fintech News

FEBRUARY 18, 2024

Global neobank Revolut has rolled out an advanced artificial intelligence (AI) feature designed to shield its 35 million users worldwide from the growing threat of card scams. Developed by Revolut’s in-house financial crime team, this feature assesses the likelihood of a transaction being fraudulent.

Scams 107

Scams AI Push-to-Card Financial Crimes 107

Fintech Finance

FEBRUARY 18, 2025

Mastercard and Feedzai , an AI solution provider in financial crime prevention, today announced they are joining forces to make it easier for more banks to identify and stop scams, protecting consumers and businesses globally. As payments continue to evolve, fraudsters are increasingly using AI to scam consumers.

Scams 71

Scams Visa Financial Crimes Consumer 71

PYMNTS

JUNE 25, 2020

The New York State Department of Financial Services (DFS) has proposed a conditional licensing framework that promises to make it easier for cryptocurrency startups. Samsung To Roll Out Pay Card For Digital Wallet With Mastercard, Curve. plans to offer a Samsung Pay Card that will operate like a digital wall for customers.

Cryptocurrency 99

Cryptocurrency Regulations Push-to-Card Visa 99

Finovate

JULY 23, 2024

as of 2022 (compared to 17% for cash and more than 31% for credit and charge cards). In fact, the Financial Crimes Enforcement Network (FinCEN) has reported that check fraud is becoming increasingly prevalent and, as of 2023, represents more than a third of all fraud at depository institutions.

Checks 65

Checks Fraud Detection Financial Crimes Crime 65

The Fintech Times

FEBRUARY 16, 2024

Putting worries to ease, Revolut has provided its customers with an added layer of security protection, on top of the technology already in place, to detect APP ( authorised push payment ) scams, where criminals trick the user to get them to transfer money to another account.

Scams 72

Scams Push-to-Card Financial Crimes Origination 72

PYMNTS

JANUARY 1, 2021

Many consumers were still facing pandemic-related financial strains going in to the holidays, making flexible payment options all the more important as they began buying gifts. Featuring Ingo Money and an interview with Americans For Financial Reform , the Disbursements Tracker detailed the predicament of living paycheck to paycheck.

Economy 103

Economy Online and Mobile Banking Credit Union Money Laundering 103

PYMNTS

SEPTEMBER 24, 2020

The ongoing COVID-19 pandemic and its associated social distancing and stay-at-home orders have pushed untold services online for easier consumer access, with banking serving as a prime example. Without in-person interactions with bank staff, account takeovers (ATOs) and customer impersonations are much easier for fraudsters to accomplish.

Account Takeovers 82

Account Takeovers Database Authentication Crime 82

The Fintech Times

JANUARY 17, 2024

Artificial intelligence (AI) has emerged as a new fraud challenge finds ComplyAdvantage , the AI-driven fraud and AML risk detection firm, as it launches ‘The State of Financial Crime 2024’ report. Clearly, consumers recognise that addressing our financial crime challenges requires new and more innovative approaches.

AI 59

AI Financial Crimes Crime Security 59

Fintech Finance

NOVEMBER 20, 2024

Authorized push payment (APP) scam losses are on the rise, expected to climb to $7.6 Authorized push payment (APP) scam losses are on the rise, expected to climb to $7.6 Financial institutions also face significant erosion of trust and rising customer attrition as consumers fall victim to APP scams.

Scams 97

Scams Real Time Payments Fraud Prevention Fraud Detection 97

FICO

SEPTEMBER 5, 2022

European Card Fraud in 2021: Winners, Losers and Scams. The United Kingdom and the Nordic region continue to lead Europe in terms of digital transformation and fraud loss reduction - but non-card scams are rising fast. Senior Consultant, Fraud and Financial Crime. billion payments cards worldwide. Darcy Sullivan.

Scams 52

Scams Financial Crimes Credit Cards Push-to-Card 52

FICO

JUNE 26, 2018

Real-Time Payments Equal Real-Time Crime. The ability to send money quickly makes financial crime both easier to commit and more difficult to trace. We’ve already seen the impact of authorized push payment fraud on them, even when payments are not cleared on the same day.

Real Time Payments 63

Real Time Payments Instant Payments Irrevocable Payment Payments 63

The Payments Association

NOVEMBER 7, 2024

The payment sector is at the front of financial innovation – from Buy Now Pay Later and Apple’s Tap to Cash to digital wallets and virtual credit cards. The payment sector is at the front of financial innovation – from Buy Now Pay Later and Apple’s Tap to Cash to digital wallets and virtual credit cards.

Compliance 88

Compliance Innovation Regulations Payments 88

Finovate

OCTOBER 10, 2024

The new re-authentication procedures are designed to help combat the threat of Authorized Push Payment (APP) fraud. All-in-one business and tax app for SMEs, ANNA , has become one of the first financial institutions in the U.K. to deploy biometric re-authentication strategies to fight financial crime.

Authentication 59

Authentication Procedures Push-to-Card Online and Mobile Banking 59

Fintech Review

NOVEMBER 6, 2024

With a distinguished career spanning both the public sector, digital assets and traditional finance, Hedi brings a wealth of expertise in permissionless security and regulatory compliance and combating financial crime, reinforcing 1inch commitment to legal integrity, principled compliance and robust governance.

Compliance 52

Compliance Financial Crimes Regulatory Compliance Legal 52

PYMNTS

APRIL 15, 2020

The advent of COVID-19 , Fiserv ’s Vice President of Risk Analytics and Strategy Kannan Srinivasan and Vice President of Fraud and Financial Crimes Management Gasan Awad told PYMNTS, didn’t introduce these things – but it did create a perfect storm of factors that is now pushing these fraudsters into overdrive.

Online and Mobile Banking 80

Online and Mobile Banking Scams Bots Risk Management 80

FICO

DECEMBER 10, 2020

These and other milestones have come to pass, pushing enterprise-scale AI solidly into the “early adoption” phase, as defined by “Chasm” author Geoffrey Moore. Last year I predicted that artificial intelligence (AI) would grow up , with major infrastructure developing around Responsible AI , AI advocacy and AI governance.

AI 98

AI Fraud Detection Payment APIs and Integration On-Demand 98

Fintech Finance

FEBRUARY 15, 2024

Revolut , the UK’s leading fintech with more than 35 million customers worldwide, has today announced the launch of an advanced scam detection feature to help protect customers from card scams. The customer is then protected from performing other similar payments and sent through a scam intervention flow in-app.

Scams 52

Scams AI Push-to-Card Financial Crimes 52

PYMNTS

NOVEMBER 22, 2019

The Economist noted that the announcement is a “rare admission of the growing problem of using video games to facilitate financial crime.”. The keys, according to reports (but unconfirmed thus far by Valve or Steam), were bought with stolen cards and traded on the Steam marketplace.

Credential 70

Credential Cybersecurity Push-to-Card Financial Crimes 70

The Payments Association

OCTOBER 14, 2024

To rethink the assumptions behind CBDC proposals and push for more privacy-oriented innovative solutions Many central banks and financial authorities worldwide are experimenting with central bank digital currency (CBDC), including the European Central Bank, the US Federal Reserve, and the Bank of England, among others.

Privacy 88

Privacy Addressing CBDC Payer 88

The Payments Association

FEBRUARY 13, 2025

Many financial institutions still rely on legacy authentication methods, leaving them vulnerable to modern attack vectors. Heres why financial institutions must rethink their authentication strategies to remain competitive. Heres why financial institutions must rethink their authentication strategies to remain competitive.

Authentication 88

Authentication Risk Compliance Fraud Detection 88

Neopay

OCTOBER 22, 2024

Fraud remains one of the biggest challenges facing the UK’s financial sector. Fraud cases rose by 16% : The increase in fraud cases compared to the same period in 2023 is a stark reminder of the ongoing threat posed by financial crime. The report notes a 19% increase in unauthorised card fraud, with over 1.5

Finance 59

Finance Fraud Prevention Push-to-Card Audit 59

FICO

DECEMBER 4, 2017

And with the close of football comes the final push for fantasy football team owners as they navigate the final few weeks of the season. While ApplePay and most fill-in-the-blank “pays” are secured with debit or credit cards, other newer entrants are funded directly by checking or savings accounts. Mobile Payments Proliferate.

Mobile Payments 64

Mobile Payments Zelle Online and Mobile Banking ATM 64