Merchant fraud teams urged to adopt risk-based AI governance as FCA sharpens focus on financial services
Merchant fraud and risk leaders should adopt a more proportionate approach to AI governance as regulators increase scrutiny of artificial intelligence in financial services, according to an AI specialist responding to the Financial Conduct Authority’s latest review of emerging technologies. The FCA’s recent review highlights how AI has the potential to transform financial services while […]
Fraud Detection Tools for Merchants: Where digital identity verification fits
Online fraud continues to evolve in both scale and sophistication, creating significant challenges for merchants across ecommerce, financial services and digital platforms. From account takeover and payment fraud to synthetic identities and fraudulent new customer registrations, organisations must balance effective fraud prevention with delivering a frictionless customer experience. Modern fraud detection tools combine artificial intelligence, […]
Brexit at 10: The reality for financial services
This June marks ten years since the results of the Brexit referendum reverberated around the world. Britain’s decision to leave the European Union (EU), guided by a desire to retain sovereignty and control immigration more directly, was controversial. In the leadup to this unprecedented event, speculation was rife. Commenters wondered whether we could ever replace […]
Why fragmented financial crime oversight is creating new risks for firms
Financial crime is no longer just a compliance issue, it is a test of economic resilience, consumer trust and national security. The scale and complexity of the threat continue to grow. The Office for National Statistics estimated around 4.2 million fraud incidents in the year ending March 2025, a 31% increase on the previous year. Fraud, money laundering, scams […]
GUIDE: Combining verification, biometrics and AI to reduce merchant fraud
As online fraud becomes increasingly sophisticated, retailers are recognising that traditional authentication methods alone are no longer sufficient to protect customers or businesses. Passwords, one-time passcodes and basic security questions remain important, but fraudsters are increasingly using credential stuffing, account takeover techniques, synthetic identities and AI-enabled social engineering to bypass conventional controls… In response, many […]