76 Results from 2023, /security
Retired Member
Introduction to Fintech as a Service (FaaS) Fintech as a Service (FaaS) is a business model that enables companies to outsource financial technology (fintech) services to a third-party provider. This model provides companies with a more flexible and cost-effective way to access fintech services and improve their financial operations. Let's explore...
01 February 2023 /security /wealth Financial Transformation
Delia Pedersoli COO at MultiPay Global
The UK has the highest level of credit card fraud in Europe, with over 134 card frauds per 1000 people and the average victim losing out to the tune of £8,833 according to think tank Social Market Foundation. As the vital link between acquiring and issuing banks, ensuring payments are made correctly, payment service providers (PSPs) have an importa...
31 January 2023 /security /payments The Payments Business
APIs provide rapid and scalable applications for banking, payments, and other businesses that require identity verification for AML and KYC compliance. In most countries, some firms are obliged by law to comply with AML and KYC. When such firms authenticate their consumers, APIs may provide a faster, simpler, and less expensive way to comply while ...
30 January 2023 /security /identity Banking Strategy, Digital and Transformation
Aadhaar OKYC transactions jumped 22% in Nov; Aadhaar Verification transactions grew 11% 28.75 Cr eKYC transactions conducted using Aadhaar in Nov Indian Residents’ use of Aadhaar is continuing to advance across the nation. Aadhaar was used to complete 28.75 crore eKYC transactions in November alone, a 22% increase from the prior month. By the end o...
30 January 2023 /security /identity Banking and Lending Solutions
Simon Horswell Fraud Specialist Manager at Onfido
Increased online footfall and transactions mean more opportunities for fraudsters, especially when traffic peaks with holidays, sporting seasons and January sales, for instance. Fraudsters are adept at using peaks as camouflage, hiding in the traffic and using many techniques to perpetrate scams. Here’s a look at the tactics fraudsters are gravita...
18 January 2023 /security /crime
Thomas Mueller Co-Founder & CEO at Rivero AG
Rates of fraud have continued to soar in the latest 3-year period studied by the UK’s Financial Ombudsman Service (FOS), and neo-banks account for the bulk of increases. This has confused industry observers as one of the benefits of neo-banks is reportedly greater transparency and control over transactions. However, it now appears likely that thes...
09 January 2023 /security /payments Payments strategies 2015-2020-2030
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.