Financial crime Stories - Page 3

UK Stories

Financial crime stories

Absa boosts fraud prevention & collections with WhatsApp

Fraud checks and collections improved after Absa switched to WhatsApp messages, lifting self-solve cases and payments from distressed borrowers.

By Sofiah Nichole Salivio • 3 min read • Last month

Biometrics

UK bank scam attempts rise 62% as fraudsters shift tactics

Customers are increasingly being tricked into approving payments, as UK banks reported a 62% rise in attempted social engineering scams in 2025.

By Sean Mitchell • 4 min read • Last month

Customer Experience

A 7-step enterprise fraud framework to redefine scam prevention

Scam losses may top USD $1 trillion a year, forcing banks to use real-time intelligence and customer data to curb authorised push payments.

By Vineet Saxena • 4 min read • Last month

Global Stories

Financial crime stories

Fintech

ACI & Kinexys add payee checks to bank payment flows

Banks can now check payees before funds move, as rising instant payment fraud pushes pre-transaction verification up the agenda.

By Joseph Gabriel Lagonsin • 4 min read • Last month

Data Analytics

Heligan launches new strategic advisory & risk unit

Growing demand for sanctions checks, ownership scrutiny and cyber risk is driving Heligan's move into specialist intelligence for deals and disputes.

By Joseph Gabriel Lagonsin • 4 min read • Last month

Surveillance

The missing link in eIDV: Why data quality drives fraud prevention

Banks risk missing fraudulent identities unless eIDV checks are paired with verified address data and stronger data quality controls.

By Bud Walker • 4 min read • Last month

Digital Transformation

spektr raises USD $20 million to expand AI compliance

The new capital will help spektr cut manual compliance checks for banks and fintechs as it pushes its AI platform into more markets.

By Karen Joy Bacudo • 3 min read • Last month

Crypto

Tether backs Drift Protocol relaunch with GBP £150m

Users hit by Drift Protocol’s USD $285 million exploit will be repaid as trading restarts under a recovery plan led by Tether.

By Karen Joy Bacudo • 3 min read • Last month

Fintech

Ecommpay report says eCommerce fraud needs overhaul

Merchants face higher losses and uneven compliance burdens as a new report says fraud controls are failing to keep pace with social engineering.

By Sean Mitchell • 4 min read • Last month

Data Protection

BMO deepens quantum ties with Canadian & US groups

The bank is positioning itself for long-term risks and opportunities in quantum, from encryption to fraud detection, through new North American partnerships.

By Joseph Gabriel Lagonsin • 5 min read • Last month

Digital Transformation

Oracle adds Lucinity AI investigation tools for banks

Banks using Oracle’s compliance software will get AI-led case handling, as the deal aims to cut manual work in money-laundering probes.

By Karen Joy Bacudo • 3 min read • Last month

Stories from Other Regions

Financial crime stories

Public Sector

Foster Moore launches registry advisory for governments

Governments facing ageing registry systems can now tap specialist advice on modernisation, interoperability and investment planning from Foster Moore.

By Sean Mitchell • 4 min read • Last month