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Anyone who is paying attention knows the financial industry is going through an unprecedented digital transformation which has been accelerated by the coronavirus pandemic. At the same time, cyberatta...
It is convenient and much more efficient for people to conduct financial business on the web. On the flip side, the growth in online transactions has led to a substantial increase in fraudulent activi...
NatWest has recently pleaded guilty to three counts of failing to comply with anti-money laundering (AML) legislation. The bank’s CEO Alison Rose said that the bank “failed to adequately monitor and t...
2020 may have been the Year of DeFi, but 2021 might go down as the year of Buy Now Pay Later (BNPL). BNPL services are growing at a rate of 39%, with major players like PayPal, Amazon and Square all a...
Cyber security Awareness Month continues in its 18th year to raise awareness of the importance of cyber security and to ensure that everyone has the resources they need to be safer online. For consume...
Fraudsters reported a bonzer financial 1st half of 2021 worthy of any unicorn. UK Finance recorded a 71% increase during the first half of 2021 to £355 million for APP (authorised push payment) fraud...
Fraud rates in the UK have been climbing to new record heights, so much so that the UK’s industry body UK Finance has been talking for the first time about fraud posing a national security threat. Ac...
In March, a bakery owner in South West England received a curious SMS from her bike courier. The baker, whose canelés are famous in her city, supplies pastries to nearby cafes and other bakeries. She...
During and post-Covid 19 the world has been hit by a tsunami of fraud. With the move to electronic money where everyone has their money in digital form, the criminals have realised this has made it ea...
The FinCEN Files revealed money laundering to be a systemic problem, but the Pandora Papers and the recent resignation by the Financial Action Taskforce (FATF) chief, David Lewis, suggest a much more ...
As Australia continues to slip in and out of lockdowns business continuity continues to be tested. While business leaders battle to try and not just survive the pandemic, but thrive, groups of highly ...
Historically, the space of individual Know Your Customer (KYC) compliance has always been one step ahead in terms of industry awareness and digitisation trends compared to the connected area of corpor...