RedCompass Labs stories
AI-driven romance scams now cost UK victims GBP £20.5 million, spreading from dating sites to everyday apps and evading bank checks.
UK unveils GBP £15 million anti-corruption drive, but experts warn sidelined fraud strategy leaves main source of dirty money unchecked.
Nearly half of European banks expect to lose millions in interest due to new liquidity rules under SEPA Instant Payments Regulation by October 2025.
RedCompass Labs has launched AnalystAccelerator.ai, an AI solution designed to transform payment processes for banks, potentially automating 68% of projects.
Nearly half of banks risk missing key ISO 20022 rules due November 2026, despite heavy spend and persistent data and systems gaps.
Banks are set to embed AI deep into payment systems by 2026, slashing costs as fraud surges and pressure mounts on platforms and regulators.
Global financial authorities are likely to miss their 2027 target to improve cross-border payments, with costs and regulatory hurdles still impeding progress.
Two-thirds of US banks face rising payment system outages amid struggles with modernisation, delayed projects, and a growing expertise gap, says RedCompass Labs.