March 20, 2025 @ 12:08 pm By JD Alois  |  

Two financial fraud experts say the Chancellor of the Exchequer, Rachel Reeves, needs to address the growing issue of financial fraud during next week’s Spring Statement. Silvija Krupena, Director of the Financial Intelligence Unit at RedCompass Labs, and Jonathan Frost, Director of Global Advisory at… Read More

 Tagged biocatch, fraud, Rachel Reeves, redcompass labs, spring statement, uk, united kingdom

March 20, 2025 @ 10:51 am By JD Alois  |  

A new platform called JikoNet aims to establish a network enabling institutions to settle high-volume transactions in real time while minimizing counterparty and liquidity risks. JikoNet leverages Jiko’s bank ledger for seamless USD transactions with instant T-bill trades and enables 24/7 real-time settlement for digital… Read More

 Tagged Jiko, JikoNet, stephane lintern, t-bills

March 20, 2025 @ 9:14 am By Tony Zerucha  |  

Officials at Hostinger predict that many financial services jobs will be made redundant by AI and AI agents within five years. With the artificial intelligence market projected to grow from $184 billion in 2024 to $826.7 billion by 2030, businesses are rapidly adopting these technologies to… Read More

 Tagged Hostinger, Mantas Lukauskas

March 20, 2025 @ 8:45 am By Omar Faridi  |  

Tuum, a core banking provider, has announced a partnership with ​Sumsub​, a global “​full-cycle”​ verification platform. This collaboration empowers banks, fintechs, and financial institutions to streamline customer onboarding, “meet evolving regulatory requirements, and enhance fraud prevention measures—​while​ ​removing​ friction ​from​ the user experience.” As regulatory… Read More

 Tagged banking, sumsub, tuum

March 20, 2025 @ 8:07 am By Omar Faridi  |  

In a restructuring move, Santander UK, the United Kingdom based division of the Spain’s Banco Santander (NYSE: SAN), announced that it will close 95 of its 444 U.K. branches, representing roughly one-fifth of its physical network. The bank has posted a list of the impacted branches… Read More

 Tagged bank closures, digital banking, santander, uk

March 20, 2025 @ 7:55 am By Omar Faridi  |  

Insights from Experian reveal the rise of ‘synthetic fraud’ in the UK. Recent analysis of confirmed fraudulent and potentially fraudulent credit applications shows that there was “an increase of 60% in false identity cases in 2024 when compared to 2023, with the cases now making… Read More

 Tagged ai, experian, financial crime, fraud, research

March 20, 2025 @ 7:54 am By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, today announced that it has expanded its partnership with Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, to the U.K. Adyen’s U.K. merchants looking… Read More

 Tagged adyen, affirm, bnpl, payments, uk

March 20, 2025 @ 7:53 am By Omar Faridi  |  

Under 35s are embracing a ‘spend now, save later’ mindset when it comes to planning ahead in their finances – with a quarter (25%) having £500 or less saved. This, according to research findings from UK’s NatWest. While 18–35-year-old Brits have an “average of £9,579… Read More

 Tagged natwest, savings, uk, united kingdom

March 20, 2025 @ 7:52 am By Omar Faridi  |  

Innovate Finance has responded to the UK Financial Conduct Authority’s (FCA) consultation DP 24/4 on Regulating cryptoassets: Admissions & Disclosures and Market Abuse Regime for Cryptoassets. According to UK Finance, the regime is an important one, essentially regulating so-called “Shit Coins” that offer little or… Read More

 Tagged fca, innovate finance, uk, united kingdom

March 19, 2025 @ 3:32 pm By Omar Faridi  |  

The Fintech sector has considerable potential, as highlighted in PitchBook’s Q1 2025 Analyst Note. Held in Las Vegas from February 25–27, 2025, the Fintech Meetup event drew over 4,000 attendees and showcased the industry’s untapped opportunities within a $14 trillion global financial services market, of… Read More

 Tagged analysis, financial technology, funding, reearch, venture capital