Two-thirds of businesses (62%) cite generative AI as a key driver behind the surge in invoice fraud, according to a new global survey. This increases difficulty in distinguishing between legitimate and fraudulent documents, as attacks grow in volume and sophistication. Alongside this issue, 90% of organizations lack dedicated fraud prevention teams, forcing accounting staff to juggle fraud […]
The majority (87 %) of IT professionals agree that there is a lack of gender diversity in the sector, yet less than half (41 %) of businesses have programs in place to hire more women, according to new research from ISACA, the leading global professional association helping individuals advance their careers in digital trust fields. […]
Firms that are falsely using GDPR as a ‘scapegoat’ for non-compliance with Consumer Duty are risking severe action from the regulator, MorganAsh warns. The support services provider and customer vulnerability specialist has seen some firms using the data protection laws as a reason to not comply with Consumer Duty. Anecdotal evidence suggests that some firms […]
Cyber security is an increasing concern for businesses of all sizes, and with the ever growing flexibility of remote and hybrid working this threat is greater. A recent study asked SME business owners to share their biggest concerns when it comes to cyber security, and remote working was deemed to be one of the greatest. […]
A recent survey conducted by Chargebacks911, the global chargeback technology leader, revealed that on average, 45% of all chargebacks filed against merchants stem from misuse or outright abuse – a practice commonly referred to as “friendly fraud.” Major card networks like Visa and Mastercard say this number can be as high as 75% for some merchants. […]
Finance data leaders continue to face ongoing challenges with the rapid evolution of technology as 72% of organisations report they have implemented some AI-based solutions, yet only 39% have embedded them company-wide. Data leaders anticipate AI-led benefits but struggle with institutional constraints The findings in the Ataccama Data Trust Report 2025: Trustworthy AI Strategies for Data […]
New research from Cloudways, a managed hosting platform provider, has revealed that UK small and medium-sized businesses (SMEs) could lose up to £2.7bn in festive sales due to website errors and slow loading times. With 35% of Brits planning to shop with SMBs online this festive season, spending an average of £218.80 each, technical hurdles threaten […]
NatWest Group is set to launch its first Fintech Growth Programme, an exciting opportunity for fintech startups to use the resources, expertise and networks of an established high-street bank to help them scale-up sustainably. The programme supports NatWest’s ambition of leading the future of banking with the hope that some of the participants will help […]
A new FSB podcast, Fintech, Failure and Small Firms, dropping on 21 November, features an in-depth interview with Karen Mills, the leading authority on the economic health and wellbeing of the US’s small businesses, former member of president Obama’s cabinet and senior fellow at Harvard Business School. In the interview, Mills examines how fintech has been, […]
New research from FinTech Connect has found that most fintechs (72%) are looking for investment, but a quarter have been forced to change their funding plans over the past year as they have been unable to secure investment. This is just one of the findings from FinTech Connect’s State of Investment survey, which gauges the concerns, plans […]
