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Expert opinions Last 7 days total 55

Oliver Tearle

Oliver Tearle Head of Technology Innovation at The ai Corporation

Why Leveraging Diverse Data Enhances the Chances of Detecting Fraud

Why Leveraging Diverse Data Enhances the Chances of Detecting Fraud Fuel retailers are increasingly grappling with the escalating threat of payment fraud, driven by the proliferation of compromised data on the dark web and the emergence of sophisticated fraudulent tactics. While many fraud detection systems employ advanced technologies and strat...

/ai /crime Transaction Fraud Systems and Analysis

Ben O'Brien

Ben O'Brien Managing Director at Jaywing

Data storytelling in Financial Services: Turn insights into action

Numbers have always been crucial for measuring success. From revenue figures to profit margins and customer acquisition expenses, these numbers guide critical decisions. Yet, today, the challenge remains in creating stories that can shift these numerical dials. It's about taking complex datasets and turning them into narratives that drive real cha...

/predictions Analytics in Banking

Konstantin Rabin

Konstantin Rabin Head of Marketing at Kontomatik

The Critical Role of Data and Statistics in Shaping Fintech Apps’ Success

The world of fintech is a complex and competitive one, with numerous startups entering the market with hefty promises of revolutionizing how consumers deal with finance online and streamlining anything from online payments to iGaming and more. Launching a fintech startup can be a risky endeavor. However, leveraging data and statistics can be the ...

Alexander Boehm

Alexander Boehm Chief Executive Officer at PayRate42

What Are Non-KYC Exchanges?

Non-KYC exchanges are cryptocurrency trading platforms that do not require users to verify their identities before participating in trades. Unlike traditional exchanges that enforce Know Your Customer (KYC) regulations, these platforms allow users to maintain anonymity by not requesting personal identification documents such as government-issued I...

/crypto

Nico Barawid

Nico Barawid Co-founder at Tunic Pay

Banks must get ahead of payment scammers, not clean up in their wake

It’s been a busier year than usual for fraud teams at UK banks as they’ve grappled with significant regulatory change handed down on a tight deadline in an effort to stem the rising tide of payments fraud. Starting 7 October, every UK retail bank is required by the Payment Systems Regulator (PSR) to reimburse customers who lose money in proven inst...

/identity /crime Fintech

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Arsalan Sheikh

Arsalan Sheikh FinTech Executive at ex-Oracle

Tom Voaden

Tom Voaden VP Commercial at BR-DGE

Nico Barawid

Nico Barawid Co-founder at Tunic Pay

Nicky Goulimis

Nicky Goulimis Co-founder at Tunic Pay

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Fang Yu

Fang Yu Co-Founder and Chief Product Officer at DataVisor

Navigating Holiday Fraud: Key Strategies for BNPL Providers

Research Total research pieces 258

Future of Report

The Future of Embedded Finance in Africa 2025

Embedded finance is changing the payment landscape in Africa. The question now is: what will it take for embedded finance to truly scale across Africa? The global embedded finance market is set to grow beyond $228 billion by 2028 according to Juniper Research. As this market matures and consumer confidence in the technology grows, this will likely prove to be a significant chunk of global financial services. In Africa, this emerging trend has the potential to unlock new economic opportunities. As a less mature market, it is not as hindered by legacy payments systems, making it ripe for payment innovation from embedded finance. It has the potential to reshape the continent’s current payments landscape, broaden innovation opportunities, and drive financial inclusion. As a market Africa is very adaptable to different technologies, and embracing of newer, more agile services. A lot of the population to the majority of their banking through their mobile phones, making embedded finance fit seamlessly into financial worlds of the populace. Yet there are many factors which will alter and develop the ability for embedded finance to take hold. This Finextra report, sponsored by Kora, received contributions from Binance, Indelible Inc., Mojaloop Foundation, and Nikulipe. It explores:  Making embedded cross-border payments work in Africa; Unlocking the opportunities of embedded e-commerce in the African market; Embedded finance: Encouraging African financial inclusion; Why personalisation in embedded finance is the next step for African fintech; Regulating Africa to encourage embedded finance innovation.

75 downloads

Impact Study

Adding GenAI To Your Fraud Prevention Strategy

We explore the numerous benefits of generative AI for fighting fraud.  In an instant payment, cross-border world, fraud is more nefarious and prevalent than ever. Recent research shows that worldwide, APP (Authorised Push Payment) fraud now represents 75% of all digital banking fraud on a dollar-value basis. By 2026, losses are expected to reach $5.25 billion – revealing that APP fraud is one of the biggest threats to financial institutions (FIs) globally.  The next pre-emptive step in the fight against fraud is generative AI (GenAI), which uses Large Language Models (LLMs) to generate new content like text, audio, video and even new computer code. While GenAI is still in the fledgling stages of adoption within fraud prevention, it will soon become a true differentiator.  But how exactly are scammers deploying AI to their advantage? What are the best ways to incorporate GenAI into a fraud prevention strategy? How should consumer privacy be managed? This impact study answers these questions and casts an eye over the current fraud landscape, the regulatory implications, and the vital role of innovation.  This Finextra impact study, produced in association with Outseer, explores:  The evolution of scams;  The role of AI;  Technology and the impact of generative AI;  How to embed AI in the best way possible;  Addressing regulatory challenges and concerns;  And more. 

183 downloads

Survey

The Global Fight Against Trade-Based Financial Crime

Broken inside, broken outside: Uncovering the internal weaknesses and external pressures fuelling a $1.6 trillion challenge.  Trade-Based Financial Crime (TBFC) is a global issue, draining $1.6 trillion annually from economies—funds that could otherwise fuel development, build infrastructure, and stabilise financial systems. Instead, these resources are diverted into criminal networks that operate across borders, exploiting the very institutions meant to protect global finance. This is a crisis that goes beyond numbers; it strikes at the core of trust and stability in the financial world.  This global survey, conducted in the summer of 2024, revealed the alarming extent to which financial institutions remain unprepared in the face of the growing threat of TBFC and sheds light on the significant challenges, technology gaps, and fragmented risk management strategies that enable significant financial crime.  Input from leaders at ING and ITFA reinforces the critical role of technology in combating TBFC, while also acknowledging the operational challenges that remain. Implementing AI-driven solutions at scale is proving to be a significant obstacle for many institutions, with the timeline for action growing ever tighter.  Download this Finextra survey, produced in association with Eastnets, to explore:  Why TBFC is a growing global crisis What internal roadblocks institutions are facing An investigation into the external challenges of combatting TBFC Recommendations for what risk leaders should do next And more Click here to join us for the Finextra webinar, Global Trade Based Financial Crime: Where Trade and Payments Meet, and hear from our panel of industry experts discuss the finding from this survey and the current state of trade-based financial crime globally. 

168 downloads

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/crime

Can Financial Institutions Keep Up with the $33 Billion Fraud Surge?

Reflecting on insights from last month’s Visa Payments Forum, Tareq Muhmood, SVP, Value Added Services, Europe, Visa, addresses the dramatic rise in global fraud—from $800 million in the early '90s to $33 billion in 2023. As financial institutions grapple with the increasing complexity of fraud in the digital age, the need for adopting advanced technologies like AI and real-time data analysis becomes clear. With a 50% boost in fraud detection through artificial intelligence, this interview underscores the urgency for banks and fintechs to evolve their security strategies. As fraud tactics continue to evolve, partnerships and continuous innovation are now critical for staying ahead of threats while maintaining seamless payment experiences.

Long reads Total long reads 1066

Níamh Curran

Níamh Curran Senior Reporter at Finextra

6 social media scams to look out for

Social media firms have been under increased pressure to improve fraud monitoring due to scams originating on the platforms. This comes after Authorised Push Payment (APP) victim reimbursement scheme came into effect on 7 October. Payment Service Providers are required to reimburse victims of APP fraud up to £85,000, but some are arguing social me...

/crime

Madhvi Sonia

Madhvi Sonia Head of Content at Finextra

US Election 2024: What will Vice President Kamala Harris bring to fintech?

This week, Vice President Harris pledged to provide Black male entrepreneurs with one million forgivable loans of up to $20,000 to help them get their businesses off the ground in collaboration with the Small Business Adminstration, bolstering their potential and removing barriers for this group. According to the Massachusetts Institute of Techno...

/regulation

Hamish Monk

Hamish Monk Senior Reporter at Finextra

How to build a mobile banking app

Mobile banking’s fledging iteration in the 1990’s was conducted via handsets’ Short Message Service (SMS). The offering was limited and inflexible – customers could check their balance or request to be warned if they were about to become overdrawn. By 1999, the world’s first Wireless Application Protocol (WAP) enabled mobile banking services in No...

/payments

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