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Fraud Report: Over £1.2 billion stolen in UK in 2022

11 May 23 @ 12:58

UK Finance has releases its Annual Fraud Report, detailing the amount reported by UK Finance members, of money stolen by criminals through financial fraud in 2022. Over £1.2 billion was... read more

The criminal use of ChatGPT – a cautionary tale

11 May 23 @ 09:08

In response to the growing public attention given to ChatGPT, the Europol Innovation Lab organised a number of workshops with subject matter experts from across Europol to explore how criminals... read more

Escalating menace of cryptocurrency-enabled money laundering

10 May 23 @ 17:24

Recent data has shed light on the growing threat of cryptocurrency-related money laundering. The survey by First AML, which gathered responses from 250 UK business leaders and individuals working in... read more

EPC Director General Giorgio Andreoli – Vision for European payments

10 May 23 @ 12:51

Giorgio Andreoli took up the post of Director General of the European Payments Council (EPC) on 1 April 2023. To get his views on the direction of the payments landscape... read more

European Parliament paper rejects Digital Euro CBDC launch

10 May 23 @ 09:37

The European Parliament has published a paper entitled, Digital Euro: When in doubt, abstain (but be prepared) ahead of a vote on whether to proceed with the technical implementation phase... read more

Latest blow to crypto industry as Bittrex files for bankruptcy

09 May 23 @ 17:30

Bittrex, the cryptocurrency exchange, is reported to have filed for bankruptcy protection, three weeks after the US Securities and Exchange Commission (SEC) accused it of operating an unregistered securities exchange.... read more

2022 a record-breaking year for European retail banks

09 May 23 @ 14:01

Kearney has released the fifteenth edition of its annual European Retail Banking Radar, which tracks the performance of 89 retail banks across 21 European markets. In the face of uncertain... read more

Regulators need to prepare for the Crypto Spring

09 May 23 @ 12:14

We may be in the middle of a crypto winter, and digital assets might have lost two-thirds of their value. But that’s not stopping regulators preparing for a future crypto... read more

Major trends impacting payments modernization in 2023

05 May 23 @ 15:42

The evolving payments landscape in commercial banking is a continued area of focus for financial institutions (FIs) and vendors. Broadly described as infrastructure or payments modernization efforts, FIs in particular... read more

Open Banking API calls to grow 470% globally by 2027

05 May 23 @ 09:00

A new study has found that Open Banking usage will grow by 470% over the next 4 years, with the total number of API (Application Programming Interface) calls generated via Open... read more

Fintech projected to become a $1.5 trillion industry by 2030

04 May 23 @ 14:24

Fintech revenues are projected to grow six fold from $245 billion to $1.5 trillion by 2030, according to a new report released by Boston Consulting Group (BCG) and QED Investors. ... read more

Apple Savings account draws close to $1 billion in deposits

04 May 23 @ 09:18

According to polling company Gallup’s annual “Confidence in Institutions” survey, last year, prior to SVB, only 27% of Americans reported to have a “great deal or quite a lot” of... read more

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Mastercard and BVNK Launch Platform Linking Fiat and Stablecoin Payments

20 Oct 26 @ 09:06

Mastercard has launched a new platform with BVNK that brings fiat currencies and stablecoins together through a single API, marking the first major integration ... more

Visa Builds Agentic Commerce Infrastructure as Credentials Reach 5.2 Billion

29 Oct 26 @ 19:39

Visa is expanding its payments infrastructure around agentic commerce, stablecoins and tokenisation as its global credential base reaches 5.2 billion and ... more

UK Moves to Open iPhone Contactless Payments to Apple Pay Rivals

22 Oct 26 @ 18:16

The UK’s competition regulator has set out proposals that could significantly widen access to contactless payments on Apple’s iPhone, potentially lowering b... more