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The Nordic banking sector, known for its advanced digital landscape and commitment to financial innovation, is experiencing a wave of new challenges in 2025. These challenges are largely driven by rapid technological advancements, stringent regulations, and the evolving demands of consumers.
01 April 2025
Revolut reports that fraud originating from WhatsApp and Telegram now accounts for well over a third of reported scams (39%), as criminals are increasingly turning to encrypted messaging services to exploit victims.
In January and February 2025, AIB saw a sharp increase in reports of phone call fraud, with overall voice phishing, or vishing, increasing by 79% compared to the same two months in 2024.
28 March 2025
Santander has scored a significant High Court victory in a push payment fraud case over its responsibility to return £415,000 that was sent to a scam account.
26 March 2025
Charm, an AI-powered security platform that protects organisations and their customers from scams, social engineering, and human-centric fraud, has emerged from stealth with $8 million in seed funding.
Welsh startup Burbank has raised £5 million to bring offline tap and pin payments to the e-commerce realm.
25 March 2025
PwC Italy has joined forces with blockchain consultancy SKChain Advisors to develop an enterprise-grade Web3 EU digital identity product.
In its latest move to stop scammers, Westpac is to introduce SafeBlock, a new feature that allows customers to block their accounts and cards in an instant via the app or online banking.
24 March 2025
Phoenix-based business bank Western Alliance has notified customers of a data breach caused by a zero-day vulnerability in third party file transfer software.
21 March 2025
NatWest has inked a deal with OpenAI to bring generative artificial intelligence to the UK lender's digital assistants.
20 March 2025
JPMorgan is far and away the market leader in tackling the threats and opportunies for banks presented by advancements in quantum computing, according to research published by benchmarking platform Evident.
A Federal Reserve-backed working group has recommended that the US payments industry set up an independent information exchange framework to provide a single source for scam intelligence across payment rails.
19 March 2025
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