Tag: APP Fraud

Hawk has previously launched a new AI-driven solution designed to transform fraud prevention for financial institutions. Its Day One Defense Models allow banks and...

A fraud investigator’s day can begin with an urgent alert. A customer reports a suspicious payment — perhaps after being tricked into sharing personal...

In early 2025, Block—the parent company of Cash App—agreed to pay up to $255m to settle claims that criminals had used its platform for...

Experian has announced a strategic investment in Resistant AI, a company specialising in AI-powered financial crime detection and prevention technologies. Although the exact financial terms were...

When financial institutions work together, the results can be transformative. That was the clear takeaway from The Great Fraud Showdown, a webinar co-hosted by...

Britain recorded a sharp increase in financial fraud cases in 2024, with a record 3.31 million incidents reported, a 12% rise from the previous...

A new e-book, co-created by Salv, Thistle Initiatives, and We Fight Fraud, offers a deep dive into the mechanics of APP (Authorised Push Payment) fraud, providing readers with a view from the victim’s perspective.

Revolut has recently unveiled an innovative artificial intelligence (AI) tool aimed at combating authorised push payment (APP) fraud, a sophisticated scam where criminals deceive individuals into willingly transferring money into fraudulent accounts.

Fraud in the UK has become a significant concern, with 40% of crimes being fraudulent. Money muling is at the forefront, where fraudsters utilise synthetic or real mule accounts for financial gain. The UK government, recognizing the seriousness, plans to publish an action plan to combat this issue. 

Revolut, a global financial superapp serving over 35 million customers, has significantly expanded its Financial Crime (FinCrime) division, doubling the headcount since 2021.