Jaideep Dhok

May 21, 2024 | finextra.com | James Berry |Mikhail Yegorin |Sergiy Fitsak |Jaideep Dhok

APP fraud is on the rise. According to Finextra, the total number of APP fraud cases was up in 2023 compared to 2022. In fact, APP fraud is now the number one payments threat and are expected to reach $5.25 billion by 2026. In the UK, consumers lost over half a billion pounds to scams in the first half of 2023 alone. What’s more, the PSR has announced new mandatory reimbursement requirements that will come into effect this year, passing the liability from consumers to banks. That’s a problem.

May 17, 2024 | finextra.com | Mikhail Yegorin |Sergiy Fitsak |Jaideep Dhok |Alex Kreger

People love games for a variety of reasons: they fuel our competitive sides, challenge us, offer an escape from the daily grind, and help us feel a sense of victory and accomplishment. Most of us are naturally attracted to activities we find stimulating, and game-like experiences satisfy that hunger—even via loyalty and reward programs.

May 17, 2024 | finextra.com | Chris George |Nick Feast |Denys Boiko |Jaideep Dhok

Introduction The payments landscape has undergone a transformative shift, embracing omni-channel, omni-pervasive accessibility, financial inclusion, cloud technology integration, and multi-touchpoint experiences. As cashless and contactless transactions become the norm, this evolution has inadvertently fueled a surge in financial fraud incidents over the past decade.

May 17, 2024 | finextra.com | Chris George |Denys Boiko |Jaideep Dhok |Nick Feast

Generative AI is a revolution offering unprecedented opportunities and developing at a pace unlike anything we’ve witnessed previously. In the City of London, more than a third of financial service leaders use it at work every day. On Wall Street, Morgan Stanley's recent appointment of a Head of AI signifies one of the latest moves among major banks to embrace the technology.

May 17, 2024 | finextra.com | Sergiy Fitsak |Jaideep Dhok |Alex Kreger |Kaustuv Ghosh

Kazakhstan is one of the world economy’s growth stories, with the Asian Development Bank’s latest assessment from April 2024 forecasting GDP growth of 3.8% in 2024 and 5.3% in 2025, far outstripping growth rates seen in advanced economies. When people think about the causes of economic growth, they often default to thinking about major events and windfalls, such as demographic growth, technological breakthroughs or the liberalisation of trade with major partners.