Today's major corporations face multifaceted challenges as they navigate an evolving landscape of consumer expectations and technological advancements. Citibank’s struggles with legal issues related to fraud prevention and Samsung’s difficulties in meeting soaring demand for AI technology ill
To combat financial fraud, global cooperation and accountability are essential. However, Revolut, a major U.K. FinTech firm, believes that current efforts by tech giants like Meta are falling short. Revolut's criticism has catalyzed a broader conversation about the role of tech companies in
Blockchain technology has grown beyond its origins in cryptocurrency, increasingly being adopted across various sectors for its potential to revolutionize security and transactional integrity. Notably, large financial institutions and startups alike are leveraging blockchain to mitigate fraud and
Times are changing in Scandinavia, where a high-trust society is being replaced by something different. As many transactions are now 100% digital, it’s something that all insurers should be aware of and deploy tools to spot potential fraud from quote to claim settlement. Here’s the word: A new sur
The financial and technology sectors are witnessing significant developments. Dutch neobank Bunq is embarking on a substantial hiring spree, and Mastercard has strategically acquired cybersecurity firm Recorded Future. These moves highlight the evolving landscapes of digital banking and
The Financial Ombudsman Service (FOS) has reported a significant surge in fraud and scam complaints, reaching levels not seen in the past six years. Between April 1 and June 30, consumers lodged 8,734 cases, marking an astonishing 43% increase compared to the same period in 2023. This surge is the
