TechnoXander 152 Empowering Mid-Tier Banks
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 study included current account providers, challenger banks and payment firms among its participants.     While the FCA identified effective control frameworks and best practices, it also identified […]

TechnoXander 151 Improving accountability and transparency against APP fraud
Enhancing Transparency and Accountability in the Fight Against APP Fraud

Transparency and accountability are key in banking and finance, and for consumer trust and consumer interests to be upheld. With this ever-changing landscape financial institutions must show how they are tackling Authorised Push Payment (APP) fraud and supporting victims – this new initiative does just that. By providing unprecedented insight into this it could be […]

TechnoXander 149 PSR's latest directive against APP fraud
🔒 Protecting Against APP Fraud: The Latest from PSR 🔒

A new update is released by the Payment Systems Regulator (PSR) focused on strengthening protection against Authorised Push Payment (APP) fraud under the Faster Payments system. Interestingly, the new policy includes a reimbursement requirement for significant benefits to consumers and businesses alike. 📖 Read the full release here: PSR Release – Fighting Authorised Push Payment Fraud […]