Fraud rates among UK fintechs are rising, and as they do they are costing these businesses significant amounts of money. According to Alloy’s 2025 State of UK Fraud Report, in 2024, more than two in three UK fintechs reported an annual increase in fraud instances. Four in five of them admitted to losing upwards of £500,000 to fraud in the 12 month...
27 June 2025 /regulation /crime Digital Identity Management
UK Finance’s latest fraud report is out and, like any good read, there are highs and lows: moments of positivity mixed with sobering reasons for pause. £1.17 billion was stolen by fraudsters in 2024. This is the same figure UK Finance’s financial institution members reported in 2023. While we’d like to see that number decline, the fact that total ...
12 June 2025 /regulation /crime Exposing Financial Crime
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