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Experian has released its 2024 Identity and Fraud Report revealing that generative AI (Gen AI), deepfakes and cybercrime are critical threats putting intensifying pressures on businesses. Top fraud concerns and expectations from consumers AI and Cybercrime top fraud concerns According to the FTC, consumers reported losing more than $10 billion to cybercrime and fraud in 2023 […]

In a recent address at the Global Fintech Fest in Mumbai, Federal Reserve Governor Christopher Waller raised critical concerns about the potential risks associated with rapidly linking faster payment systems across borders. Cross-border faster payment insights While faster payments are increasingly favoured globally, Waller emphasised that rushing into cross-border connections could heighten risks like fraud

Some of the world’s leading finance and tech firms have come together to form a new industry coalition in the UK to fight economic crime through digital verification, the Centre for Finance, Innovation and Technology (CFIT) has announced. Coalition to fight economic crime Companies including Amazon Web Services (AWS), A&O Shearman, Barclays, CRIF, Dun &

We’ve heard it all before- it’s incredibly tough to differentiate and be successful in today’s PSP payments market. And yet there are boundless opportunities to cut through the noise and right to the chase in terms of what customers want and what merchants and banks need. A PSP of cake? Payment Service Provision in 2024

Mastercard has chosen India for the global debut of its Payment Passkey Service, a ground-breaking solution aimed at securing online shopping by enhancing both security and convenience. Mastercard Payment Passkey Service in India Unveiled at the Global Fintech Fest in Mumbai, the service is initially being piloted with major Indian payment players like Juspay, Razorpay,

The UK has made significant strides in digital payments, transitioning from cheques to real-time settlements via smartphones. The future of digital payments in the UK However, the journey of innovation is far from complete. Countries like India, Brazil, and Sweden have shown that more can be done to make payments faster, cheaper, and more accessible.

Do you feel as though a chunk of your day is spent dealing with meaningless tasks that don’t necessarily help you to achieve anything, but still have to be done? The everyday work problems AI can help solve According to the most recent Slack Workforce Index, the average office worker spends 41% of their day

The 2024 Xero Global Payments Report reveals a growing disconnect between the payment preference of consumers against those offered by small businesses. The report, based on surveys of over 6,000 consumers and 2,500 small business leaders across five countries, highlights three major trends. Firstly, there’s a clear mismatch in payment preferences, with 86% of consumers

The Open Banking market is rapidly expanding, driven by the increasing adoption of digital banking and the demand for personalised financial services. Open Banking market to reach $130.2 billion Valued at $23.5 billion in 2023, the market is projected to exceed $130 billion by 2032, growing at a CAGR of over 22%. This growth is

A few days ago Klarna made the announcement that it plans AI driven cuts to its workforce with plans to axe almost half of its staff, as the lossmaking Swedish BNPL company gears up for a stock market flotation. Artificial Intelligence: A double-edged sword However, the bullish Klarna may want to read into a recent