Unveiling Finance- Navigating Open Finance in 2024
Open Finance is a portal to a monumental change in the financial services industry. It builds on the success of Open Banking where access to banking data is…
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Explore articles and insights on APIs, including coverage of “‘Confirmation of Payee’, a.k.a. CoP is combating APP fraud”. Discover related perspectives on financial technology, data governance and operational decision-making.
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FCA’s findings from review with a focus on APP Fraud
The Financial Conduct Authority (FCA) released a report recently titled, “Anti-fraud controls and complaint handling in firms,” with particular attention paid to Authorised Push Payment (APP) fraud. This…
Enhancing Transparency and Accountability in the Fight Against APP Fraud
APP fraud in the UK is complex with mixed responses and outcomes for victims. However, the industry is getting better at fraud prevention. Regulatory bodies have introduced the…
CoP solves the growing problem of APP fraud for banks in the UK
Authorised Push Payment (APP) fraud has spread like wildfire in the UK. According to UK Finance, APP fraud increased from £208 million in the initial months of 2020…
‘Confirmation of Payee’, a.k.a. CoP is combating APP fraud
A drastic surge in Authorised Push Payment (APP) fraud took over the world with a storm during the pandemic. The fraudsters searched for innovative ways to target people…
