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Cyberthreats, fraud, regulatory complexities and financial inefficiencies cost firms £70m annually

Businesses and technology firms in the UK are losing on average £70 million a year due to the cost of disharmony throughout the money lifecycle, according to landmark research by global financial technology leader FIS (NYSE: FIS), in collaboration with Oxford Economics.

/security

Bitget Wallet launches contract risk detection tool

Bitget Wallet, a leading Web3 non-custodial wallet, has introduced the token contract risk detection feature to strengthen transaction security across its platform.

/security

CFIT begins work on prototypes, use cases and governance for digital company ID

The Centre for Finance, Innovation and Technology (CFIT) today announces a major development in its work to drive the creation and adoption of Digital Company ID in the UK, through the launch of three industry-led working groups.

/security

Crypto security startup Octane emerges from stealth with $6.75 million Seed round

Octane today announced it has secured $6.75M in a Seed funding round co-led by Archetype and Winklevoss Capital.

/security

Companies House starts to verify identities

Today (8 April 2025) sees the launch of a new service that allows individuals to verify their identity directly with Companies House through GOV.UK One Login. People can also verify their identity through an Authorised Corporate Service Provider (ACSP).

/security

Dutch company pioneers custom trained AI-tool for subdomain detection in cybersecurity

European cybersecurity company Hadrian, based in Amsterdam, introduces ‘Subwiz,’ the world’s first custom-trained AI tool for subdomain discovery.

/security

Asic winds up 95 sham investment scam companies

ASIC is warning consumers to remain vigilant when engaging with online investment websites and mobile applications after successfully applying to wind-up 95 companies, many of which ASIC believes may be associated with online investment and romance baiting scams, also known as ‘pig butchering’ scams.

/security

Next Biometrics receives order for Nigerian financial inclusion project

NEXT Biometrics, the world leader in advanced high-security fingerprint sensor technology, has received the first major purchase order for its FAP 20 sensor in Nigeria.

/security

Nice Actimize boosts financial crime prevention tech with agentic AI

Nice Actimize, a NICE (NASDAQ: NICE) business, today announced the availability of the next generation X-Sight ActOne which expands upon the robust and open architecture of X-Sight with Agentic AI capabilities that are foundational to transforming fraud and financial crime prevention programs.

/security

Bluefin adds network tokenisation capabilities to ShieldConex

Bluefin, the global leader in payment and data security, today announced the addition of network tokenization capabilities to its ShieldConex® Tokenization as a Service and Orchestration platforms, enabling merchants to directly provision network-issued payment tokens from card brands such as Visa, Mastercard, American Express, and Discover.

/security

Trustfull protects logins to combat account takeover fraud

Trustfull, a leader in identity intelligence for fraud prevention, today announced the launch of Login Solution, which analyses hundreds of behavioural and device-related signals to combat surging account takeover (ATO) fraud.

/security

FS-Isac releases cyber fraud prevention framework

To help financial firms prevent fraud attempts on their companies and customers, FS-ISAC, the member-driven, not-for-profit organisation that advances cybersecurity and resilience in the global financial system, has published Leveling Up: A Cyber Fraud Prevention Framework for Financial Services.

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