Fintech News
JUNE 17, 2025
Sumsub said the solution is particularly useful in high-risk sectors like crypto, fintech, banking, and e-commerce, where early detection can prevent financial losses and protect platform integrity. Andrew Novoselsky “We are combining our own technology with Fingerprint, a leader in device intelligence. said Andrew Novoselsky, CPO at Sumsub.
Payments Dive
JUNE 12, 2025
However, monetary loss associated with these frauds surged from affecting roughly a quarter of victims (27%) in 2023 to 38% last year, the agency said. The task force would be required to update its report every three years. million consumers reported fraud incidents last year, roughly the same as in 2023, according to the FTC.
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The Payments Association
FEBRUARY 10, 2025
The issue of fraud is growing in the UK, with the average monetary loss per corporate fraud case being 21,433 in Q2 2023 , the highest among all fraud types. 2) Compliance and security measures Transaction monitoring systems continuously monitor financial transactions for red flags, helping firms comply with anti-fraud regulations.
Finextra
JUNE 26, 2025
The sheer volume and speed of online transactions make them an attractive target for malicious actors, who constantly evolve their deceptive tactics. The inherent nature of online transactions, particularly the absence of a physical card, introduces higher fraud risks compared to traditional card-present scenarios. share in the UK.
Finextra
JUNE 26, 2025
The sheer volume and speed of online transactions make them an attractive target for malicious actors, who constantly evolve their deceptive tactics. The inherent nature of online transactions, particularly the absence of a physical card, introduces higher fraud risks compared to traditional card-present scenarios. share in the UK.
The Fintech Times
AUGUST 11, 2024
. “Market growth and volatility, as observed in recent months, often bring an influx of new investors who may be more susceptible to scams and hacks, and elevated prices during these periods can result in larger monetary losses,” he said. per cent from 0.42 per cent in 2022.
Fintech News
MAY 8, 2024
New measures that will take effect this year include mandatory risk-awareness assessments for customers, bans on trading incentives, and restrictions on providing credit for cryptocurrency transactions. Following legislative amendments, these will be recognised as “MAS-regulated stablecoins.”
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