Tom Bleach

1 week ago | thefintechtimes.com | Tom Bleach

Criminals stole over £1billion through fraudulent methods in 2024, although banks prevented even more, according to a new fraud report. In its latest annual fraud report for 2024, UK Finance, the British trade association for the UK banking and financial services sector, breaks down the prevalence of payment fraud last year according to its members. It found that criminals stole £1.17billion through unauthorised and authorised fraud in 2024, a statistic broadly unchanged from 2023.

2 weeks ago | thefintechtimes.com | Tom Bleach

Cyprus is aiming to drastically reposition itself as a global tech and innovation hub, with a strategic plan to further diversify its economy, bolster its local startup ecosystem, and attract investment from all over the world. With countries from every region in the world vying to do the same, I visited 2025’s Reflect Festival in Limassol, Cyprus, to gain insight into the country’s plans to significantly boost its economy.

1 month ago | thefintechtimes.com | Tom Bleach

Payments giant Visa unveiled a number of AI-enabled advancements at its Global Product Drop, alongside expanded stablecoin partnerships, as it looks to position itself as a key enabler of the AI-driven future of digital commerce. Kicking off its Product Drop, Visa revealed how combining AI and digital commerce could drastically change how consumers discover and buy products and services.

1 month ago | thefintechtimes.com | Tom Bleach

At the eleventh edition of Innovate Finance Global Summit (IFGS) in London, Chancellor of the Exchequer Rachel Reeves took to the stage, announcing new draft legislation for a comprehensive crypto asset regime which promises to drive economic growth and better protect consumers in the UK.

1 month ago | thefintechtimes.com | Tom Bleach

Despite inflation easing in recent weeks, demand for affordable short-term credit options remain high, and 15 per cent of the UK population will likely need to borrow to get by over the next six months, according to new research by responsible lender Creditspring. With around 7.6 million UK adults needing to borrow money in the next six months, Creditspring has revealed that, since its launch in September 2018, it has provided over £500million in affordable short-term loans to borrowers.