Breaking News
Fraudulent losses stop growing, after years of corporate security spend, new report finds
As fraud continues to increase year-on-year, a new survey launching today (30th January) from Bottomline Technologies and Strategic Treasurer reveals that after years of corporate security spend, the level of losses sustained from fraud has stopped growing.
Based on a survey of ~275 financial professionals, 65% of corporates indicated that security concerns have a strong influence on their planned technology spend. With this in mind, technical and human elements need to be combined to close the gaps that criminals continue to find.
Additional findings from the survey include:
- Larger corporates experience significantly more fraudulent attempts than smaller peers. This applies to every type of fraud.
- Organisations are still hesitant about using mobile applications to initiate or approve payments. The adoption of mobile apps for B2B banking will help organisations grow more familiar with the functionality.
- Security controls have grown stronger, but more work is needed. New security technologies see promising traction early on.
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European Fintech Association Elects New Board of Directors
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CLS Appoints Six New Board Directors
CLS, a financial market infrastructure group delivering settlement, processing and data solutions, today announces the appointment of six new members to its Board of Directors at the CLS Annual General Meeting held on 9 June 2026.
Mobey Forum Calls for a Collaborative Approach to Fraud Prevention in Rethinking Fraud in a Connected World
Mobey Forum’s Fraud Expert Group has published a new report, Rethinking Fraud in a Connected World: Trust, Collaboration, and Resilience in the Digital Ecosystem, exploring how fraud is evolving beyond traditional banking threats and why stronger collaboration across industries is becoming essential.
SumUp Launches in Canada
SumUp, the global financial technology company, today announced its official launch in Canada. The milestone makes Canada SumUp's 38th market and its latest step in building out its presence across the Americas, as the company continues its mission to make commerce simpler and more accessible for all businesses worldwide.
European Fintech Association Elects New Board of Directors
The European FinTech Association (EFA) today announced the election of its new Board of Directors, bringing together senior leaders from across Europe's fintech ecosystem to guide the Association's work over the coming term.
G+D: Navigating the Future of Fintech Agility and Innovation
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Connect IFA Strengthens Leadership Team to Drive Growth and Enhance Adviser Support
Connect IFA Ltd is pleased to announce key leadership appointments designed to strengthen its commitment to growth and enhance the support it provides to advisers and network members.
FreeAgent Launches New AI Tool for Landlords to Capture Rental Statements
FreeAgent, the innovative accounting technology company, has launched a new feature into its landlord software, enabling landlords and accountants to harness artificial intelligence to input and reconcile data from letting agent rental statements.