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May 23, 2024 | 
finextra.com | Nick Green |Alex Kreger |James Berry |Mikhail Yegorin
Fraudsters are getting bolder and more sophisticated in their attacks on the financial sector. Their increasingly complex schemes are breaching institutional security and eroding the very foundation of customer trust that banks have worked so hard to build.
The challenge is: There’s no silver bullet solution.
Given the diversity of fraudulent activities, from identity theft to large-scale cyber fraud, no single fraud prevention tool can cover all bases.
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May 23, 2024 | 
finextra.com | Nick Green |Alex Kreger |James Berry |Mikhail Yegorin
Recent news that
Barclays is buying the bulk of Tesco’s banking business, and that Sainsbury’s Bank is
open to takeover offers, has thrown retail banking’s competition with legacy banks back under the spotlight.
Over the last decade or so in the UK, we’ve seen the rise of retail banks and neobanks, like Monzo and Revolut, have a bigger impact than perhaps anywhere else in the world.
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May 21, 2024 | 
finextra.com | Nick Stephens |Serhii Bondarenko |Mikhail Yegorin |Denys Boiko
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External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
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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.
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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.
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May 14, 2024 | 
finextra.com | Max Koretskiy |Matt Ryan |Mikhail Yegorin
In the dynamic landscape of UK-based wealth and asset management firms,
the paradigm of outsourcing is undergoing significant shifts, driven by a confluence of factors such as technological advancements, regulatory pressures, and evolving client expectations.
We have noted a growing trend among clients in the UK, towards requesting service delivery through
diverse and hybrid outsourcing models. Traditionally, organisations have relied on legacy installations and on-premises maintenance models.
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May 3, 2024 | 
finextra.com | Serhii Bondarenko |Jamel Derdour |Mikhail Yegorin
Swing trading is a financial strategy aimed at capitalizing on short- to medium-term gains in stock or other financial instruments over a period of a few days to several weeks. This method primarily employs technical analysis to identify potential trading
opportunities, though it may occasionally incorporate fundamental analysis to bolster the trader's position.
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May 3, 2024 | 
finextra.com | Serhii Bondarenko |Jamel Derdour |Mikhail Yegorin
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External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
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May 2, 2024 | 
finextra.com | Matt Ryan |Max Koretskiy |Mikhail Yegorin |Harriet Christie
In recent years, financial markets have faced a phenomenon known as the “new standart”. This concept describes economic and market conditions that seemed abnormal and caused panic in the market, but have now become part of the everyday reality for investors
and analysts. What are the main characteristics that define the “new normal” and how do they affect investment decisions?
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May 2, 2024 | 
finextra.com | Jamel Derdour |Mikhail Yegorin |Serhii Bondarenko
Investing in stocks can be a rewarding endeavor, but it's crucial to understand the tax implications of making a profit or incurring a loss on your investments. This article aims to provide insights into the tax considerations associated with stock investments
and how they can impact your overall tax liability.
Taxation of Stock Gains
When you sell stocks and make a profit, those gains are generally taxable in the year they are realized.
