UK Finance

UK Finance: How Far Can AI Go in Fighting Fraud?

UK Finance: How Far Can AI Go in Fighting Fraud?
UK Finance: How Far Can AI Go in Fighting Fraud?
March 16, 2023  |  Cybersecurity

Much has been said about the potential new technologies like artificial intelligence (AI) and machine learning have in transforming fraud detection and fraud prevention across...

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Major Banks Incorporate New UK Company to Promote Shared Hubs
Major Banks Incorporate New UK Company to Promote Shared Hubs
December 19, 2022  |  Banking

The U.K.’s major banks have joined forces to protect consumers’ access to cash. Get the Full Story Complete the form to unlock this article and...

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UK Police See $1.5B Crypto Fraud ‘Epidemic’
UK Police See $1.5B Crypto Fraud ‘Epidemic’
November 28, 2022  |  Cryptocurrency

Cryptocurrency fraud rose by 32% in the U.K. over the last year, part of a larger fraud “epidemic” that began during the pandemic as people...

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Card Is King in UK Payments Landscape, but Digital Wallet Usage Soars
Card Is King in UK Payments Landscape, but Digital Wallet Usage Soars
August 24, 2022  |  Payment Methods

UK Finance, a trade body representing the United Kingdom’s banking and financial services sector, recently published the latest edition of its annual report assessing the...

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EMEA Daily: Coinbase Furthers European Expansion; CryptoRefills Adds EUROC Support
EMEA Daily: Coinbase Furthers European Expansion; CryptoRefills Adds EUROC Support
June 30, 2022  |  Europe

In today’s EMEA news, UK Finance released its latest fraud report and highlighted the rise of authorized push payment fraud, London-based buy now, pay later...

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Authorized Push Payment Fraud Reaches ‘Epidemic’ Levels in UK
Authorized Push Payment Fraud Reaches ‘Epidemic’ Levels in UK
June 29, 2022  |  Cybersecurity

The U.K. is experiencing a widespread “epidemic” of payments fraud, in which scammers trick victims into sending money into fraudsters’ accounts, the Financial Times reported...

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Report: More Than Half of UK Card Payments Are Contactless
Report: More Than Half of UK Card Payments Are Contactless
December 16, 2021  |  Payment Methods

Contactless payments accounted for more than half of all U.K. card transactions in September, according to a new report from the trade association UK Finance....

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EMEA Daily: Ericsson Acquires Vonage in $6.2B Stock Deal; UK Leads EU in Driving Global Growth In HealthTech Sector
EMEA Daily: Ericsson Acquires Vonage in $6.2B Stock Deal; UK Leads EU in Driving Global...
November 22, 2021  |  Cross-border Payments

In today’s top Europe, Middle East and Africa news, Ericsson acquires Vonage in $6.2bn stock deal, and the U.K. leads the EU in driving global...

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