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Irish fintech spending falls by 90% in H1

/startups

Irish fintech spending falls by 90% in H1

The first half of 2024 has seen a dramatic decline in spending within Ireland's fintech industry, reflecting cautious investor sentiment.

AI adoption doubles in UK banking sector

/ai

AI adoption doubles in UK banking sector

There has been a "significant shift" in UK banks' attitude to AI with greater adoption and greater recognition of its benefits, according to recently published research.

/crime

Survey shows rise in chargeback abuse

As eCommerce sales continue to hit record highs, merchants around the globe are seeing a correlated rise in illegitimate disputes by cardholders through card-not-present (CNP) transactions.

Majority of UK adults "unaware" of open banking

/retail

Majority of UK adults "unaware" of open banking

A recently released survey has highlighted a widespread lack of awareness among UK adults when it comes to open banking.

AI set to revolutionise wealth management operations - survey

/ai

AI set to revolutionise wealth management operations - survey

Artificial intelligence is set to revolutionise the wealth management industry, with nine in 10 investors believing the technology can used effectively for researching financial products and service.

Adding GenAI To Your Fraud Prevention Strategy

/Research/analysis

Adding GenAI To Your Fraud Prevention Strategy

96 downloads

Firms struggling to find RoI for AI projects

/ai

Firms struggling to find RoI for AI projects

More than half of the companies investing in artificial intelligence (AI) projects have been unable to extract any tangible benefit, according to recently published research.

Wealth managers failing to meet clients' tech expectations

/wealth

Wealth managers failing to meet clients' tech expectations

Investors are prepared to dump their wealth managers if they fail to embrace new technology, suggests recently published research.

The Global Fight Against Trade-Based Financial Crime

/Research/analysis

The Global Fight Against Trade-Based Financial Crime

99 downloads

/ai

Banks to use GenAI for shift to instant payments

New research from RedCompass Labs, a world leader in payments modernization, has revealed that over half (54%) of banks are planning to leverage generative artificial intelligence (AI) for the shift to instant payments and other payments modernization projects, while four in ten (42%) are actively considering the possibility.

/security

Banks believe they're eight month behind criminals

New research from RedCompass Labs, a world leader in payments modernization and financial crime red flags, reveals that US banks believe they are eight months behind criminals, with the largest institutions believing the gap is as wide as 23 months.

Survey uncovers tech aversion within financial institutions

/regulation

Survey uncovers tech aversion within financial institutions

The majority of UK-based financial firms are risk-averse when it comes to new technology, according to recently published research.

UK consumers turn away from branch banking

/retail

UK consumers turn away from branch banking

British consumers are less bothered about bank branch closures than those in the US and Europe, according to recently published research.

Contactless takes the lead for Canadian in-store payments

/payments

Contactless takes the lead for Canadian in-store payments

The number of contactless payments in Canada increased by 17% in 2023 to reach 63% of all in-store transactions.

European A2A payments set for take off - report

/payments

European A2A payments set for take off - report

The European Payments Initiative’s Wero wallet is likely to accelerate adoption of A2A payments, with 37% of payment executives anticipating it will significantly offset card transaction growth by 2027, claims a Capgemini report.

Americans lost $5.6bn to crypto-related fraud in 2023 - FBI

/security

Americans lost $5.6bn to crypto-related fraud in 2023 - FBI

Americans lost more than $5.6 billion in cryptocurrency-related fraud scams in 2023, a 45% rise on the previous year, according to the FBI.

APIs, Automation, and AI

/Research/analysis

APIs, Automation, and AI

334 downloads

/security

UK data breach costs soar

The average cost of a data breach in the UK rose to £3.58 million between March 2023 and February 2024, marking a 5% increase from the previous year and reversing a previous decline.

Third of Brits now use mobile contactless payments

/payments

Third of Brits now use mobile contactless payments

The total number of payments made in the UK increased by five per cent in 2023 with a third of Brits now regularly paying with a tap of their mobile phone, according to UK Finance figures.

/crypto

Cboe Clear Europe participates in Eurosystem CBDC trial

Cboe Clear Europe, the largest pan-European clearing house, has successfully participated in the Eurosystem’s recent exploratory work testing the use of new technologies for the settlement of wholesale transactions in central bank money. The experiments specifically aim to explore the potential of distributed ledger technology (DLT).

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