Waking Up to Find Your Hard-Earned Money Gone.

What we’ll cover today:

🚫 Never Let Your Hard-Earned Money Stole.

💡 Fintech Just Changed in a Major Way.

🔍 There’s a Lack of PMF in The "GenAI for Financial Services."

🔗 The Event Roundup 

Never Let Your Hard-Earned Money Stole.

Imagine waking up to find your hard-earned money gone.

Scary, right?

Financial fraud is on the rise, but the good news is there are clear signs you can watch for to protect yourself:

• Unusual account activity – Large or unexpected transactions.

• Frequent changes to personal details – Name, address, or contact info altered repeatedly.

• Payments from distant locations – Transactions in places far from where you or your customers usually are.

• Misspelled names – Inconsistent customer info across different accounts.

• Urgent requests for money transfers – Rushed demands to move funds quickly.

• Altered or missing financial documents – Suspicious financial statements or registration paper changes.

These are all major red flags.

Thankfully, smart tech like AI and machine learning, plus a watchful eye, can help you stay one step ahead of fraudsters.

Here’s the whole article

1. Fintech Just Changed in a Major Way.

This is a tweet from Adrian Kennedy. He helps people and businesses grow using tech, content and AI automation.

“He tweets: “Fintech just changed in a major way.

Fiserv is the largest provider of back office infrastructure for banks, credit unions, credit/debit cards and other payment infrastructure.

They can now directly access card networks without banks, so new tech and lower fees should come soon.” 

Here’s the whole Tweet

2. There’s a Lack of PMF in The "GenAI for Financial Services."

This is a thread from Guillermo Malena. He is CEO & Founder of Avanzai.

He says, “There’s a Lack of PMF in the GenAI for Financial Services space, especially given Rogo's Series A announcement.

Although I agree overall with their take, I think it lacks a bit of context (pun very much intended)

I think it comes down to three things:

1 - screen space
2 - data integration
3 - asset class nuance

I'll dive a bit deeper into each.”

Here’s The Thread.

1. UK banks to hold suspicious payments for 72 hours to combat fraud.

The UK Government has announced new legislation that allows banks to impose a three-day hold on suspicious payments.

According to Financial Reporter, this extended period, aimed at enhancing investigation efforts, seeks to mitigate the substantial losses from fraud, which hit £460m last year.

2. Lockton launches a digital insurance platform for SMEs in Australia.

Lockton, the world’s largest privately owned insurance brokerage, has announced the launch of Lockton Pulse, a groundbreaking digital insurance offering designed for SMEs and individuals across Australia.

The move comes in response to the growing need for faster, more convenient insurance services tailored to small businesses and individuals.

3. Paysend launches Paysend Libre in Mexico with support from Mastercard.

Paysend, a global FinTech company, has launched Paysend Libre in Mexico as part of its commitment to enhance financial inclusion in the region.

According to Finextra, the launch is part of Paysend’s strategy to address the growing need for financial services among Mexico’s underbanked population.