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Financial crime Stories - Page 4

Global Stories

Financial crime stories

BIS warns stablecoins must preserve trust in money
Crypto

BIS warns stablecoins must preserve trust in money

Broader adoption could unsettle bank funding and monetary sovereignty if privately issued tokens fail to keep money redeemable at par.

By Karen Joy Bacudo • 4 min read • Thu, 25th Jun 2026
Experian & Resistant AI tackle document fraud in ANZ
Software-as-a-Service

Experian & Resistant AI tackle document fraud in ANZ

Banks and insurers in Australia and New Zealand will gain new checks as AI-made forgeries increasingly evade standard identity verification tools.

By Joseph Gabriel Lagonsin • 5 min read • Thu, 25th Jun 2026
Flagright raises USD $12.5m to expand AI compliance
Software-as-a-Service

Flagright raises USD $12.5m to expand AI compliance

The funding will help the London-based firm expand in the US as banks face rising fraud and money laundering risks, and heavier scrutiny.

By Sean Mitchell • 4 min read • Mon, 22nd Jun 2026
Interpol flags sharp rise in cybercrime across Asia
Malware

Interpol flags sharp rise in cybercrime across Asia

More than half of countries surveyed now say cybercrime makes up 30 per cent of recorded offences, as phishing and ransomware spread fast.

By Joseph Gabriel Lagonsin • 4 min read • Mon, 22nd Jun 2026
North Korea IT fraud cell flooded US firms with 167,000 bids
Virtual Private Networks

North Korea IT fraud cell flooded US firms with 167,000 bids

Remote hiring teams face a wider security risk after researchers found North Korean operatives won 76 offers from 166,893 US job applications.

By Joseph Gabriel Lagonsin • 4 min read • Sat, 20th Jun 2026
Chargebacks911 warns fintech boom is fuelling dispute chaos
Software-as-a-Service

Chargebacks911 warns fintech boom is fuelling dispute chaos

Merchants face harder-to-trace disputes as AI and agentic commerce complicate payment trails, Chargebacks911 said after new fintech data.

By Sean Mitchell • 4 min read • Fri, 19th Jun 2026
Shufti named G2 leader in identity verification grid
Software-as-a-Service

Shufti named G2 leader in identity verification grid

Customer reviews have pushed Shufti into G2's top tier, signalling stronger demand for its identity checks and anti-money laundering tools.

By Sean Mitchell • 3 min read • Fri, 19th Jun 2026
AP teams face rising fraud risk as AI reshapes role
Document Management

AP teams face rising fraud risk as AI reshapes role

Fraudsters are using AI to forge invoices and supplier messages, prompting finance leaders to warn that traditional AP controls are no longer enough.

By Karen Joy Bacudo • 4 min read • Thu, 18th Jun 2026

Stories from Other Regions

Financial crime stories

Modern Treasury teams with Sardine on fraud monitoring
Data Analytics

Modern Treasury teams with Sardine on fraud monitoring

Customers using instant and cross-border payments will gain real-time fraud checks as the firms seek to curb risk across faster money flows.

By Karen Joy Bacudo • 3 min read • Sat, 27th Jun 2026
London sees sharp rise in personalised scam attempts
Phishing

London sees sharp rise in personalised scam attempts

Nearly six in ten Londoners have seen more scam attempts in the past year, with social media fraud and AI-made ruses fuelling concern.

By Mark Tarre • 3 min read • Fri, 26th Jun 2026
UK Finance backs bank app digital ID verification pilot
Data Protection

UK Finance backs bank app digital ID verification pilot

Customers could soon verify their age, address and identity through banking apps, as lenders test a voluntary check-sharing service to curb fraud.

By Karen Joy Bacudo • 3 min read • Fri, 26th Jun 2026
Ecommpay urges sector-wide push to stop fraud earlier
Fintech

Ecommpay urges sector-wide push to stop fraud earlier

Fraud losses could fall if banks, merchants and regulators align on earlier intervention, Ecommpay says in a new report.

By Sofiah Nichole Salivio • 4 min read • Thu, 25th Jun 2026
Starling launches AI scam checker for five million
Data Protection

Starling launches AI scam checker for five million

Customers can now quiz Starling's app before sending money, as UK fraud losses climb and romance scams hit savers hardest.

By Karen Joy Bacudo • 4 min read • Thu, 25th Jun 2026
Ecommpay wins Retail Systems fraud prevention award
Fintech

Ecommpay wins Retail Systems fraud prevention award

Retailers are under pressure to curb networked payment fraud without harming checkout conversion, a challenge Ecommpay's award-winning tool targets.

By Sofiah Nichole Salivio • 3 min read • Tue, 23rd Jun 2026
Merchants see customers & criminals as fraud risks
Fintech

Merchants see customers & criminals as fraud risks

Merchants are now losing more to refund abuse and chargebacks as AI-enabled fraud drives losses of USD $11.4 million on average.

By Sean Mitchell • 4 min read • Fri, 19th Jun 2026
UK fraud losses rise as AI scams drive new warnings
Supply Chain

UK fraud losses rise as AI scams drive new warnings

Industry experts warn that reimbursement is masking the scale of scams, as APP losses climbed 19% to GBP £576.4 million last year.

By Karen Joy Bacudo • 6 min read • Thu, 18th Jun 2026
Fraud has industrialised and banking defences must do the same
Fintech

Fraud has industrialised and banking defences must do the same

Banks must shift to real-time, networked defences as organised scams now move money through customer-authorised payments in minutes.

By Sandy Lavorel • 7 min read • Wed, 17th Jun 2026
HSBC & Google Cloud expand AI across bank operations
Data Analytics

HSBC & Google Cloud expand AI across bank operations

The lender expects AI to speed fraud checks and staff support, while helping prioritise projects that could each deliver more than USD $100 million.

By Karen Joy Bacudo • 4 min read • Wed, 17th Jun 2026