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Location
Glasgow
Member since
2023
Writes about
Payments Financial Crime

Martin's blog archive

Martin Sansone

Martin Sansone

Lead Standards Architect at Sansone Projects
Message Message me Posts: 1 Comments: 3
Bio Provides leadership for Pay.UK services on standards including design decisions and external engagement with Participants. As lead on standards design, this role is central to the role of Pay.UK as an FMI & trusted convening point for the payments industry on standards. Passionate about Digital Identity, Payments, AI and Fraud. https://www.linkedin.com/in/martinsansone/ Career History Principle architect for the Scottish Government's new ISO20022 Payments Platform and their Digital Identity Platform. Previously held CTO roles spanning 7 years and deep consultancy background of 20 years.

Blogs

Data sharing

Introduction to EFD Messaging: A New Era in Combating Payment Fraud

07 May 2024

Welcome to the Dawn of Enhanced Fraud Detection. In the modern era of digitalisation, financial transactions have become an integral part of our lives, touching the daily routines of billions worldwide. However, the ease of these digital payments is marred by the alarming menace of payment fraud, particularly the devastating Authorized Push Payme...

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Martin is Commenting on

Australian banks roll out raft of scam protection measures

  I encourage the Australian Banking Industry to take a look and consider the UK's new EFD (Enhanced Fraud Data) Messaging solution where UK banks agree will have a larger impact on fraud when it rolls out in 2024. You can read about the initial draft standard here: Pay.UK and UK Finance publish first iteration of technical collateral for Enhanced Fraud Data Standard (wearepay.uk) We are currently working with regulators etc. to refine the solution and publish the day one standard very soon.

27 Nov 2023 Reply Read article

EU agrees game-changing deal for instant payments

  Can anybody add colour to the meaning behind the words "Council and Parliament say that the rules will improve the strategic autonomy of the European economic and financial sector as they will help reduce any excessive reliance on third-country financial institutions and infrastructures." I assume the proposal document ref "COM(2022)546 final" is at EUR-Lex here:  https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:52022PC0546R(01)&qid=1699610741402

10 Nov 2023 Reply Read article

Customer loses £60,000 to criminal posing as Santander's head of fraud

  AML/KYC checks are not always the issue! Too many money mule accounts have zero issues within the AML/KYC process, simply because our current solutions are not robust enough - and the criminal mind easily works around them. Proper collaboration across industries needs to happen with verified responsible data sharing.  The noise around privacy only serves bad actors - and needs to change to a conversation about informed consent.

05 May 2023 Reply Read article