Fintech News

MAY 8, 2025

The technology is enabling large scale impersonation scams, including executive-level business email compromise (BEC) attacks and misinformation campaigns. Many SaaS platforms include client-specific information in URLs, compounding the risk by exposing sensitive data when combined with compromised credentials.

Data Breach

Fintech Finance

OCTOBER 31, 2024

Scalability: This partnership allows businesses to scale their operations effortlessly, adapting to growing customer demands without compromising on service quality.

Compromise

The Payments Association

OCTOBER 28, 2024

In the world of digital payments, fraud is an ever-present threat that continues to evolve, creating serious risks for both businesses and consumers. One of the most alarming trends identified in the report is the continued rise in social engineering scams, which now account for a significant portion of fraud activity.

Scams

VISTA InfoSec

MARCH 13, 2025

Source – credit card debt statistics 2025 and Australian debit card statistics ) As digital transactions continue to grow, so do the challenges of protecting sensitive customer data. million accounts were leaked witnessing a 388% increase in compromised user accounts. You may also check our latest YouTube video on PCI DSS 4.0

PCI DSS

The Payments Association

JUNE 3, 2025

Unlike static gateway or acquirer tokens, network tokens adapt in real time to changes such as card reissuance or expiry, ensuring continuity in payment flows. It often goes unnoticed during regular operations but becomes a major operational challenge during business continuity or disaster recovery (DR) scenarios.

Security

Stax

DECEMBER 12, 2024

Simplified payment management Global cash usage dropped by 80% in 2019 and continues to decrease by 4% each year. Decide how much youre willing to spend per transaction to avoid compromising your budget. Heres how merchant service providers like Payment Depot by Stax can help in terms of efficiency, security, and cost savings.

Small Business

The Payments Association

JULY 18, 2025

As digital payments continue to evolve across Europe, the landscape for digital wallets is undergoing a significant transformation. Whether it’s enabling QR-code based checkouts, facilitating account-based payments or integrating digital identity credentials, the goal is to make transactions effortless, without compromising security.”

Payments

Stax

APRIL 3, 2025

If a hacker compromises the eCommerce site, they only access a useless token, instead of payment data. While you might want a cost-effective option, the lowest fee may not be the best choice, especially if it comes with compromised services or limited capabilities. This token is used in place of the actual payment data.

Payment Solutions

Finextra

JULY 1, 2025

And, as victims of Account Takeover (ATO) fraud continue to grow, the challenge is no longer just about preventing fraud, its about restoring customer confidence in a digital landscape where trust has become the most valuable currency. As fraudsters continue to evolve their tactics, financial institutions must be equally innovative.

Account Takeovers

Finextra

JULY 7, 2025

Traditional areas like fraud prevention (65%), credit underwriting (62%) and regulatory compliance (58%) are still heavily prioritized, reflecting that these were some of the first uses of AI in banking and continue to be critical for reducing losses. For WhatsApp users, it removes the need to switch apps at all.

AI

The Payments Association

JUNE 10, 2025

Online shopping continues to dominate, with 80% of millennials conducting the majority of their shopping online. Millennials want payment options that match their mobile-first lifestyles without compromising on security,” says Kamran Hedjri, group CEO for PXP.

Security

Finovate

MARCH 19, 2025

The collaboration will help banks, fintechs, and financial institutions enhance fraud prevention without compromising the user experience. Tuum-powered institutions will also benefit from the ability to securely scale and operate in multiple markets thanks to real-time decisioning and continuous risk monitoring.

Fraud Prevention

Stax

JANUARY 23, 2025

Speed vs. accuracy: Streamlining processes without compromising due diligence. Monitor merchants continuously Reassess merchant risk periodically to address evolving business dynamics. Evolving fraud tactics: Keeping up with increasingly sophisticated fraud methods, such as synthetic identities and complex money laundering schemes.

Underwriting

FloQast

MARCH 19, 2025

Audit and Fraud Detection AI agents can run night and day, performing continuous monitoring tasks to identify: Risks of fraud Historical data trends Comparative analysis Anomalies in the data If any anomalies are present or the analysis finds a discrepancy, an internal team notification can be sent for further analysis.

AI

The Fintech Times

FEBRUARY 26, 2025

Small and mid-sized businesses (SMBs) are suffering from a continuing onslaught of cyberattacks as threat actors adopt more efficient targeting and AI-driven attacks, according to a new report from cybersecurity firm SonicWall.

Automation

Finextra

JUNE 25, 2025

AI enables real-time defence by continuously learning from behavioural patterns, device signals, geolocation, and transaction metadata. That’s why institutions must embrace advanced countermeasures: Federated AI models that learn from distributed data sources without compromising privacy.

Fraud Detection

The Payments Association

JUNE 23, 2025

GrowthHub examines these structures and recommends routing strategies that minimise expenses without compromising approval rates. GrowthHub’s AI component undergoes continuous development. The complexity of payment ecosystems will only continue to rise as more businesses employ global, multi-channel strategies.

Technology

The Fintech Times

JULY 21, 2025

Conversely, identity (ID) fraud losses dropped significantly by 26 per cent to £58.7million, pointing to a shift in criminal behaviour away from ID theft and towards social engineering, data compromises and scams.

Regulations

The Payments Association

JUNE 11, 2025

As threats continue to grow in both volume and sophistication, platform operators must find new ways to balance commercial agility with robust risk oversight. Traditional attack vectors continue to evolve alongside these new threats. Executive summary Digital commerce platforms face a structural paradox.

Risk

The Payments Association

JUNE 16, 2025

Continued collaboration is essential to ensure security, usability, and trust in this evolving financial innovation. The reliance on Secure Elements introduces new dependencies for manufacturers and wallet providers, and if compromised, could open the door to widespread fraud.

Settlement

The Fintech Times

APRIL 14, 2025

As The Fintech Times continues its focus on embedded finance in April, Sarah Koch , director of marketing and communications at Aevi , the in-person payment expert, outlines the growing importance and necessity of embedded payments, particularly in the retail and mobility industries. What comes next?

Embedded Payments

The Fintech Times

JULY 29, 2025

Clear Junction also says that the new on-chain product reflects its commitment to enabling seamless interaction between fiat and digital currencies, without compromising on compliance, reliability, or speed. Network and selection of assets will be continuously expanding to support market needs.

Stablecoins

The Fintech Times

NOVEMBER 11, 2024

With MX’s integration into our API, we’re empowering consumers and small business owners to better manage their financial lives without compromising the security and transparency they expect from American Express.” The integration ensures more seamless sign-on with stable connections and fewer disruptions, enabling longer-lasting access. “At

Security

Nanonets

APRIL 24, 2025

That's a huge advantage, especially with healthcare facing staff shortages while the industry continues to grow. They discovered that we could help classify medical records with high accuracy, provide a filtered view of significant pages, extract data key points, and ensure seamless data flows within the workflow.

Underwriting

The Fintech Times

JULY 11, 2025

The company is positioning the technology as a solution to long-standing security challenges in self-custody, as losses from crypto-related hacks continue to rise. Notable breaches include Phemex , which lost $85million to a hot wallet exploit and UPCX , which lost $70million due to a compromised private key.

Authentication

Fintech Finance

JUNE 10, 2025

Online shopping continues to dominate, with 80% of millennials conducting the majority of their shopping online. “Millennials want payment options that match their mobile-first lifestyles without compromising on security,” said Kamran Hedjri , Group CEO for PXP.

Security

The Payments Association

JULY 11, 2025

The payment industry specifically saw 269 million compromised card records , emphasising the existential risk of inadequate security measures. EMV adoption continues globally, with 94.76% of card-present transactions now using chip technology. Average global data breach costs hit US$4.9 million average costs. billion by 2030.

Point-of-Sale (POS)

The Payments Association

JULY 18, 2025

Payments regulation roadmap: Q3 2025 18 July 2025 by Payments Intelligence Introduction Regulatory developments continue apace in the payments industry, ushering in a period of intensified complexity and strategic significance. Culture and accountability must evolve, too, so that resilience is clearly embedded in key business functions.

Regulations

Fintech News

FEBRUARY 2, 2025

By addressing the opportunities and challenges posed by these innovations, Pathway 2035 sparks the dialogue for progress without compromising security or trust. Origins and Collaborative Development Pathway 2035 builds on the BIS working paper Finternet: The Financial System for the Future , co-authored by A.

Innovation

Finextra

JULY 21, 2025

It provides absolute peace of mind against: Private Key Compromise: If a users private key is compromised (e.g., Device Compromise: Protection if the device storing the wallet is lost or compromised. to a centralized exchange, another personal wallet, or for payments), this solution is extremely attractive.

Compromise

Finextra

JULY 28, 2025

This data hygiene issue fundamentally compromises AI model performance, leading to inaccurate insights, increased operational costs, and diminished ROI. The emergence of "adversarial AI" where malicious actors attempt to trick or manipulate AI systems poses a continuous threat.

AI

Stax

APRIL 10, 2025

Digital currencies continue to experience extreme price volatility. If the service/product is being provided on a continuous basis, then sending invoices manually or by email each month is not an efficient approach. It is also global and without the processing fees and chargeback fees that come with traditional payment methods.

Small Business

The Fintech Times

FEBRUARY 26, 2025

We will continue to monitor the incident, and if Bybit needs more support were here to provide. In essence, it was a classic cybersecurity compromise, a perceived social engineering attack that horizontally infected the organisations desktops, intermediating and corrupting the transaction signing workflow.

Breach

The Payments Association

JULY 7, 2025

Its continued relevance is particularly striking among older consumers, lower-income groups, and the economically inactive. But critically, this must be done without compromising on security or usability, two areas that still weigh heavily on the minds of consumers when choosing how to pay. This is not just a question of habit.

Consumer

Tearsheet

APRIL 15, 2025

As innovative digital payments continue to increase, these strategies can ensure that merchants and issuers are not dedicating an inordinate amount of resources to chargeback management, without compromising product delivery and customer experience.

Issuers

Finextra

JULY 14, 2025

Furthermore, businesses relying on a third party also face counterparty risk: if the custodian is compromised or fails, there is a risk of losing the assets. Third-party custodians charge fees for their services, which can add up, particularly for businesses with smaller cryptocurrency holdings.

Stablecoins

The Fintech Times

JUNE 28, 2025

QR-code scams and fake investment ads continue to circulate, and when something goes wrong, the bank often bears the cost of chargebacks. “But there is also a need to find the right balance for retail investors, ensuring they can benefit from the new opportunities on offer without compromising their security.

Credit Cards