Latest Financial Crime News: Finextra Research

Appeals court rules Capital One hacker's sentence was too light

A US appeals court has overruled the sentence given to the hacker behind the huge 2019 Capital One data breach, saying it was too lenient.

24 March 2025

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Verification of Payee: Prepare for October 2025 deadlines at NextGen Nordics

In March 2025, the Eurosystem completed exploratory work for offering a Verification of Payee (VoP) service for payment service providers (PSPs) in SEPA, helping them comply with the EU’s Instant Payments Regulation across credit transfers in Euro. NextGen Nordics 2025 at the Münchenbryggeriet in Stockholm, Sweden, on 29 April 2025, will explore how VoP can reduce fraud and payment, and prepare for 5 October 2025, the effective date of the VOP scheme rulebook.

18 March 2025

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Exciting lineup revealed: Meet the first 10 speakers for NextGen Nordics

The Nordic payments ecosystem is among the most innovative and forward-thinking in the world. As digital payments continue to evolve and transform the financial landscape, it is crucial to have experts who can guide and shape this transformation. The following individuals — confirmed speakers for NextGen Nordics 2025 at Münchenbryggeriet in Stockholm, Sweden, on 29 April 2025 —are recognised leaders in the Nordic payments industry, and their expertise makes them the best speakers on trends within this space.

12 March 2025

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US consumer fraud losses top $12.5bn in 2024

Americans reported losing more than $12.5 billion to fraud in 2024, a 25% increase over the previous year, according to Federal Trade Commission data.

11 March 2025

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87% encountered AI-driven cyberattacks in 2024 - SoSafe

SoSafe’s report explores the global tension between AI adoption and the associated security risks, highlighting the views of 500 global security professionals and 100 SoSafe customers across 10 countries.

07 March 2025

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CFIT publishes Digital Company ID plan to slash UK fraud

The Centre for Finance, Innovation and Technology (CFIT) has unveiled plans for a digital company ID that it says could help slash fraud and save British businesses billions of pounds every year.

06 March 2025

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CFPB dismisses Capital One savings account rates lawsuit

Thursday marked The Consumer Financial Protection Bureau’s (CFPB) dismissal of their lawsuit initiated on 14 January 2025, suing Capital One, and its parent holding company, Capital One Financial Corp for cheating millions of consumers out of more than $2 billion in savings account interest.

28 February 2025

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Cybercrime is national security risk – Google Cloud execs detail prevention strategies

Finextra spoke to leaders at Google Cloud: Nick Godfrey, senior director and global head, office of the CISO, and Jamie Collier, lead threat intelligence advisor (Europe), on how cybersecurity has evolved an what new threats are emerging in the financial crime landscape.

28 February 2025

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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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