October 7, 2024 @ 10:11 am By Omar Faridi  |  

With the Payment Systems Regulator‘s (PSR) new Authorized Push Payments (APP) rules coming into effect, Riccardo Tordera, director of policy and government relations at The Payments Association said that they will be monitoring the overall / anticipated impact of the latest APP fraud rules closely… Read More

 Tagged app fraud, insights, paymen systems regulator, perspective, psr, riccardo tordera, the payments association, uk

October 7, 2024 @ 9:38 am By JD Alois  |  

Plaid,  a prominent open banking enabler, is now working with neobank MoneyLion to streamline the loan-making process. In a blog post, Alain Meier, Head of Identity at Plaid, said that for decades, lenders have relied on credit reports, but the lack of real-time information failed to… Read More

 Tagged moneylion, neobank, online lending, open banking, plaid

October 7, 2024 @ 9:24 am By Omar Faridi  |  

Digital bank Revolut is reportedly calling for Facebook and Instagram’s owner Meta (NASDAQ:META) to share reimbursement of alleged fraud victims. UK-headquartered Revolut recently released their latest Consumer Security and Financial Crime Report. Revolut explained that the update has revealed that Meta platforms are identified as… Read More

 Tagged fraud, meta, revolut, scams, social media

October 7, 2024 @ 9:21 am By Omar Faridi  |  

Sygnum is launching a web3 wallet recovery module built on Safe via the Safe{RecoveryHub}. According to Sygnum Bank, this solution makes self-custody wallet recovery reliable and user-friendly. Given more than 900K ETH (USD 2.27 billion) estimated as inaccessible to users, and losses due to forgotten… Read More

 Tagged digital assets, digital wallets, switzerland, sygnum bank, Web3

October 7, 2024 @ 9:09 am By Omar Faridi  |  

Starling Bank‘s recent £29 million fine shows the true cost of “cutting corners” on digital ID verification, according to Regtech and Fintech industry professionals. As reported just last week, this past Wednesday 2nd October, the UK’s challenger bank Starling had been fined nearly £30 million… Read More

 Tagged insights, regtech, regulatory technology, starling bank, sumsub

October 7, 2024 @ 8:45 am By Omar Faridi  |  

Backbase, the creator of the Engagement Banking Platform, marked the recent opening of its global headquarters at Oosterdoksstraat 114 in Amsterdam. According to the engagement banking Fintech firm, this move is more than just a change of address; it represents another significant step forward in… Read More

 Tagged amsterdam, backbase, digital banking, engagement banking, europe, fintech adoption

October 6, 2024 @ 2:46 pm By Omar Faridi  |  

NatWest Group has announced a progress update on its ambition to provide £5 billion in new lending to the UK social housing sector, with the bank confirming £2.8 billion has been provided up to 31 August 2024. As explained in the update from UK’s NatWest… Read More

 Tagged lending, natwest, natwest group, uk, united kingdom

October 6, 2024 @ 2:44 pm By Tony Zerucha  |  

As the UK retailers gear up for this year’s Black Friday shopping spree, two of the country’s biggest e-commerce brands reveal how they are tackling the growing problem of customer dishonesty. Fashion retailer River Island and ticketing service Trainline are partnering with fraud prevention platform… Read More

 Tagged fraud, Grant Shipway, martin sweeney, Nick Aiken, ravelin, River Island, Trainline

October 6, 2024 @ 2:39 pm By Michael Wong  |  

Singapore’s Inter-Ministerial Committee (IMC) unveiled a comprehensive report, outlining enhanced strategies and recommendations to strengthen the nation’s Anti-Money Laundering (AML) framework. The report emphasizes a whole-of-society approach, urging collaboration between frontline stakeholders and the government to combat increasingly sophisticated money laundering (ML) tactics. The IMC’s… Read More

 Tagged anti money laundering, singapore

October 6, 2024 @ 2:38 pm By Omar Faridi  |  

Bank of America (NYSE: BAC), a global enabler of commercial cards, has recently announced that it expanded its Virtual Payables capabilities in EMEA with the launch of Virtual Payables Direct. The B2B payment solution provides buyers with the usual working capital advantages of a card transaction… Read More

 Tagged bank of america, emea, payments, virtual payables