Latest Financial Crime News: Finextra Research

Mastercard and Feedzai form scam-fighting pact

Mastercard has joined forces with financial crime prevention specialist Feedzai to help banks tackle the next generation of AI-powered scams.

19 February 2025

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NextGen Nordics 2025 agenda to cover DORA, VoP, CBDC, instant payments, fraud, and GenAI

Give the future of payments the green light at the Münchenbryggeriet in Stockholm, Sweden on 29 April 2025 where the stage will be set for a transformative shift in financial services. NextGen Nordics will gather core decision-makers, stakeholders, and experts within the payments sector to focus on digital resilience, advanced technologies, regulatory frameworks, and set a course of action for the financial ecosystem of tomorrow.

13 February 2025

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Marlin makes majority stake investment in Napier AI

Marlin Equity Partners has taken a majority stake in UK financial crime RegTech Napier AI. Terms were not disclosed.

03 February 2025

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American Express pays $230 million for alleged deceptive sales

American Express has agreed to pay $230 million to settle charges for alleged deceptive sales of credit card and wire transfer products to small business customers.

17 January 2025

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Finextra's year in review

With 2024 drawing to a close, we take a look back at our most popular news items and community engagement activities over the course of the past year.

23 December 2024

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Fear of fraud in instant payments shouldn’t stop progress – US Faster Payments Council

A key conflict that will undoubtedly shape progress within fintech successes throughout 2025 is the shifting innovations of instant payments and the problem of evolving fraud alongside it.

20 December 2024

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US agencies provide advice for combatting elder financial exploitation

The Board of Governors of the Federal Reserve System (FRB), Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Financial Crimes Enforcement Network (FinCEN), National Credit Union Administration (NCUA), Office of the Comptroller of the Currency (OCC), and state financial regulators issued a joint statement this week.

04 December 2024

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AI power centres are fresh targets for hackers - Experian

Experian’s 12th annual Data Breach Industry Forecast includes five 2025 predictions for 2025 that show that global data breaches show no signs of slowing down.

04 December 2024

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MEP amendments to PSR APP fraud liability regime 'undermine effective fraud prevention'

Copenhagen Economics and the Computer & Communications Industry Association (CCIA Europe) have revealed flaws in the European Parliament’s unprecedented extension of liability beyond payments services providers (PSPs) to online platforms and electronic communication service providers, such as telecom operators, who would also have to refund victims of impersonation fraud.

04 December 2024

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5 most common fraud methods in 2024, according to AIB

‘Smishing’ accounts for 94% of all fraud cases from January to October this year.

04 December 2024

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UK marks progress on creating digital ID for businesses

A coalition of leading financial institutions and technology companies, led by the UK's Centre for Finance and Innovation Technology, has worked to design a digital company ID to make securing finance and conducting day-to-day business quicker and less vulnerable to fraud.

02 December 2024

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53% of APP victims were satisfied with their bank’s response

To mark International Fraud Awareness Week, Payments System Regulator (PSR) has released research on the impact of Authorised Push Payment (APP) fraud on UK consumers.

22 November 2024

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