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AI-based Fraud is on the Rise: There are Five Developments You Need to Know

Artificial Intelligence (AI) and Large Language Models (LLMs) have dominated the news agenda recently in the form of one tool in particular: ChatGPT. AI can be a tremendous force for good, particularly in the fight against digital fraud and other types of financial crime as more and more organisations leverage it to digitise their Know Your Customer (KYC) processes and ensure that the person at the other end of the transaction is who they say they are. 

Tuesday, May 2, 2023 - 11:22
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Financial IT
The Royal Marines Charity Launches its Own Debit Card to Drive Donations for its Lifelong Support Programmes for Veterans

RMA - The Royal Marines Charity (RMA), the membership body supporting serving and veteran Royal Marines and their families, has launched a debit card in partnership with Currensea, enabling supporters to make charitable donations each time they spend at home or abroad, boosting donations for the vital support programmes the charity offers.  

Tuesday, May 2, 2023 - 11:17
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/news/credit-cards/royal-marines-charity-launches-its-own-debit-card-drive-donations-its-lifelong
Financial IT
Fingerprints Celebrates Milestone of 700 Smartphone Models Integrating its Biometric Technology

Biometrics now play a central role in mobile devices, and this milestone highlights Fingerprints’ continuing ability to drive innovation, offering world-leading products in terms of security, user-friendliness and performance.

Tuesday, May 2, 2023 - 11:11
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/news/digital-identity/fingerprints-celebrates-milestone-700-smartphone-models-integrating-its
Financial IT
Griffin Strengthens Leadership Team with Marina Gorey Joining as Chief People Officer

Griffin, the UK’s first full-stack Banking as a Service platform, announced today that Marina Gorey has joined the company as Chief People Officer.

Tuesday, May 2, 2023 - 11:05
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/news/people-moves/griffin-strengthens-leadership-team-marina-gorey-joining-chief-people-officer
Financial IT
Banks Need Personalisation to Win the Battle for Deposits

Since last October, European banks have been challenged by deposit outflows. According to European Central Bank data, during that time span consumers took out €214 billion from eurozone banks. As consumer confidence has wavered and interest rates have increased, banks’ efforts to retain deposits have intensified. But in this competitive market, just increasing interest rates on deposits is no longer enough for banks to retain their customers.

Tuesday, May 2, 2023 - 11:01
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/blog/banking/banks-need-personalisation-win-battle-deposits
Financial IT
365 Business Finance Opens New Office Following 150% Increase in Funding for London-based SMEs

Camden-based 365 Business Finance has reported a 150% increase in the number of SMEs the funder has financed in London, over the last 12 months.

Tuesday, May 2, 2023 - 10:57
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/news/alternative-finance/365-business-finance-opens-new-office-following-150-increase-funding-london
Financial IT
iFX EXPO Asia 2023 Returns to Bangkok with the Flagship Event Bigger than Ever Before

iFX EXPO, the world’s largest B2B expo for the financial sector, is back by popular demand.

Following the success of last year’s event, iFX EXPO is returning to Bangkok for the second edition of the largest financial B2B expo in the world. Anticipation is building, as Thailand gears up to welcome thought leaders and industry influencers from across the online trading, financial services, and fintech sectors.

Tuesday, May 2, 2023 - 10:51
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/news/infrastructure/ifx-expo-asia-2023-returns-bangkok-flagship-event-bigger-ever
Financial IT
Phos Teams Up with Paymix to Bring Tap-to-Pay Tech to German and EU Markets

Phos, the global leader in software point-of-sale (

Tuesday, May 2, 2023 - 10:44
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/news/payments/phos-teams-paymix-bring-tap-pay-tech-german-and-eu-markets
Financial IT
The Flywire Charitable Foundation Announces Fourth Annual Scholarship Program

Flywire Corporation, a global payments enablement and software company, announced that The Flywire Charitable Foundation has launched its fourth annual scholarship program, which recognizes students who excel in the academic disciplines of social justice, global health, global citizenship and environmental sustainability.

Tuesday, May 2, 2023 - 10:26
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/news/payments/flywire-charitable-foundation-announces-fourth-annual-scholarship-program
Financial IT
New Report: The East-West Divide is Disrupting Europe’s E-commerce Landscape
FYST, a one-stop payments consultancy for e-commerce businesses, has today released the third and final instalment of its new three-part report, ‘The Map of World Payments’, that reveals exclusive data on e-commerce payment trends across Europe.
 
Tuesday, May 2, 2023 - 10:24
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/news/e-commerce/new-report-east-west-divide-disrupting-europes-e-commerce-landscape
Financial IT

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