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Revolut data reveals scale of WhatsApp fraud

Revolut, the global fintech with over 11 million UK customers and more than 50 million globally, has today revealed that UK consumers are being devastated by WhatsApp scams, losing on average £2,437, despite the perceived security that encrypted messaging provides.

/security

Featurespace CEO King makes way for Jason Blackhurst following takeover by Visa

Featurespace, global fraud and financial crime prevention innovators, today announced that CEO Martina King will retire following the company's successful acquisition by Visa.

/security

Quarter of Brits wary of real-time payments security

An international survey on the uptake, trust, and future of real-time payments (RTP) from global analytics software leader FICO highlights the need for UK banks to focus on building confidence in the security of the payment method.

/security

TietoEvry and Fana Sparebank partner for core banking, cards, payments, and financial crime

Tietoevry Banking has entered into a strategic five-year agreement with Fana Sparebank to deliver a comprehensive suite of banking solutions. The partnership includes core banking systems, card and payment services, and advanced financial crime prevention tools. The new agreement, effective from April 1st, 2025, will also significantly enhance the bank’s mobile and self-service offerings – including self-service loan management.

/security

Creditinfo combats financial crime with new global fraud and ID tech

Creditinfo, a global service provider for credit information and risk management solutions, has today announced the launch of its global identity, know your customer (KYC), and fraud and ID solution, set to help organisations tackle financial crime.

/security

Rapid Finance introduces network monitoring features to Lynx platform

Rapid Finance, a leader in small business financing and enterprise lending solutions, today announced the launch of a new network monitoring feature within its AI-ready data aggregation and assimilation platform, Lynx, designed to enhance fraud detection and ensure the data integrity for its network participants.

/security

FS-Isac publishes AI guidance paper

FS-ISAC, the member-driven, not-for-profit organisation that advances cybersecurity and resilience in the global financial system has published Charting the Course of AI: Practical Considerations for Financial Services Leaders.

/security

Sumsub debuts re-usable identity products

Today Sumsub, a global full-cycle verification platform, is launching its Reusable Digital Identity product suite.

/security

Intergiro and Movitz team on advanced payment verification

As financial fraud reaches alarming levels across Europe—with fraudulent transactions totalling €4.3 billion in 2022 and €2.0 billion in the first half of 2023—businesses face increasingly sophisticated scams involving account-to-account transactions.

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Colt completes quantum secured encryption trial across optical network

Colt Technology Services (Colt), the global digital infrastructure company, today announced the successful completion of a groundbreaking quantum-secured encryption trial across its optical wave network.

/security

Pleo adopts Taktile to enhance fraud detection and AML capabilities

Pleo, the leading financial platform for businesses, has announced a strategic partnership with Taktile, a category-defining decision automation platform.

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Majority of Canadians alter payment habits due to fraud concerns

More than one in five Canadians (22 per cent) risk missing bill payments due to concern of scams, reveals new Payments Canada study.

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