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The ongoing digitalisation of financial services has increased the risk of money laundering (ML) and terrorist financing (TF), according to the European Banking Authority (EBA).
01 August 2025
Hong Kong's financial regulator has stated that the first stablecoin licences will not be issued this year despite the fact its stablecoin legislation has taken effect as of today.
Mastercard is rolling out A2A Protect in the UK, a new service designed to help banks protect consumers from account-to-account payment fraud and resolve disputes.
28 July 2025
PayPal is creating 100 jobs through the creation of an AI and fraud data science centre in Dublin.
25 July 2025
OpenAI CEO Sam Altman says it "terrifies" him that banks still use voice-based authentication methods in an era when the AI that he has helped bring into the mainstream can trick such technology.
24 July 2025
The vast majority of financial services firms are accelerating their investment in cloud technology, suggests a recently released survey.
14 July 2025
Nationwide Building Society has enlisted Microsoft and Accenture for an AI-powered overhaul of its cybersecurity operations.
11 July 2025
Over 1600 websites suspected of promoting financial services without permission were suspended, removed or blocked in 2024 because of the UK's Financial Conduct Authority.
Research by TSB reveals that of the 31 percent of people who have acted on financial advice on social media platforms – over half (55%) lost money as a result.
09 July 2025
Mastercard is rolling out Account Intelligence Reissuance, a GenAI-based fraud prevention service, in the Eastern Europe, Middle East and Africa (Eemea) region.
02 July 2025
Australia's banks have begun the roll-out of a nationwide Confirmation of Payee programme to help protect customers from being tricked into sending money to criminals.
Australia's CommBank is turning the table on scammers, launching a fleet of thousands of AI-generated bot profiles to engage with and disrupt criminal networks fleecing consumers.
30 June 2025
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