Scammers have taken advantage of their reputation as social engineers to cash in on lockdown, new data from Barclays reveals. Scams are up 66% in the first 6 months of this year, with the trend showing no signs of slowing as recent figures indicate volumes for July are up a further 5% on June data. […]
Strong Customer Authentication, or SCA, has officially gone into effect on the 14th of September, 2019. However, with the market being unprepared to roll out the necessary changes till the priorly set date, the European Banking Authority has pushed the final deadline to the 31st of December, 2020, with a few exceptions for an even […]
A new survey has found that two out of three (67%) fintech founders don’t think that the views of the fintech sector are properly being heard in policy and regulatory circles. The survey also reveals that nine out of ten founders expect to face funding challenges in the year ahead. These are the headline findings […]
Artesian Solutions and Triodos Bank, a world leader in sustainable banking, are delighted to announce the deployment of a holistic relationship management platform, designed to support ethical organisations (businesses that provide real impact on society or the environment) affected by the coronavirus pandemic. Artesian will provide Triodos Bank with smart accelerated pre-screening and triage capabilities […]
Vida, the specialist mortgage lender, has today announced a new partnership with Zoot to develop a digitally focused mortgage journey built around intermediaries. Vida will work with Zoot to build a new end-to-end mortgage platform that brings together key parts of the mortgage journey. The partnership, which is a significant part of Vida’s £5m investment […]
UK SME’s are at risk of 65,000 cyber security attacks daily – with around 4,500 of these being successful – and the figure could be much higher since the beginning of Covid. The findings come from a new report by global recruiter Robert Walters and data provider Vacancysoft – Cybersecurity: Building Business Resilience – which […]
Metro Bank has announced fresh features on its mobile app, providing business customers with new receipt management technology. The features are currently available for customers using an iOS device, and the new technology will also be rolled out to Android customers in the coming weeks. The receipt management technology enables businesses to capture, store and […]
SPOKO, an app which offers instant international money transfers, is entering the UK market by targeting South Asian migrant workers looking to move money without the need for bank accounts and costly transfer payments, while also seeking partners to integrate its white label API service. Quick and cheap money transfers by the British-Polish fintech SPOKO […]
It’s not just cyber technologies or digital currencies that are worrying financial crime teams in financial institutions across the UK & Ireland. It’s also the increasing volume and variety of more established financial crimes that aren’t new, but are incredibly hard to detect, such as mule activity; the proceeds of trafficking; the abuse of corporate […]
“Solicitors and other professionals involved with transfers of customers’ money must ensure their own systems are not vulnerable to being hacked and warn customers that last-minute changes to payment accounts are likely to mean fraud is being attempted.” Katy Worobec, managing director: Economic Crime, UK Finance made the statement in her introduction to ‘Fraud – […]