Almost half (48%) of 25–34-year-olds have or know someone who has been a victim of financial fraud, with fraudsters taking £570 from people on average, according to new research out today. 

The data from GFT’s latest ‘Banking Disruption Index’, a quarterly survey of consumer sentiment towards digital banking, found that one in five (22%) victims had to wait up to two weeks to get their money back from their bank.  

Qumulo announced Global Namespace, a software solution that scales to exabytes anywhere unstructured data is needed, and seamless integration with AWS-based Qumulo file storage. With these new capabilities, Qumulo brings more choices for infrastructure owners to store and manage their file data in AWS, without compromising enterprise features or paying exorbitant costs.  

Brown Brothers Harriman & Co. (BBH) today announced the launch of InfuseDX™, a completely new way for its clients to view, customize, and package their data, to enable faster and more informed decision-making. 

Surecomp today announced that CargoX is the latest partner to join its RIVO™ platform. The collaboration further expands Surecomp’s fintech ecosystem, affording customers centralized access to a choice of best-in-class electronic trade document solutions through which to streamline their digital trade finance process.

iDenfy, a Lithuania-based RegTech company offering end-to-end identity verification and anti-fraud solutions, announced joining forces with Kryptowaluty.pl, a prominent Polish fintech best known for its digital asset and currency exchange platform. iDenfy will aim to draw new users to Kryptowaluty.pl with a straightforward onboarding process driven by a fully automated ID verification system.

Gatehouse Bank has today launched a Regular Saver account, the first Shariah-compliant product of its kind in the UK.  

Dojo, a trading name of Paymentsense Ireland Limited, has been granted its e-money licence (EMI) from the Central Bank of Ireland, enabling the payment provider to bring its innovative payment technology to Ireland.

The business, which provides in-person and digital payment solutions, is proud to make Ireland its European headquarters and will support Irish businesses to capitalise on the fast-growing Experience Economy in the Irish market. 

The saying ‘no news is good news’ is particularly apt when it comes to a payment system failure. Nobody wants to make the headlines for the wrong reasons so prevention is of the utmost importance. Using a cutting-edge payment testing solution can save the day and doesn’t have to blow the budget!  

Imagine the scenario

Sumsub, a full-cycle verification platform, today released its third annual Identity Fraud Report of the year. The report revealed that the UK has experienced a 300% rise in deepfake cases from 2022 to 2023, rising to 780% across all of Europe.

Provenir, a global leader in AI-powered risk decisioning software, today announced that its AI-Powered Risk Decisioning Platform has been named the winner of a Credit & Collections Technology Award for the third consecutive year, having been recognized as best-in-class in the “Credit Risk Solution” category.