Financial

Insurance Cares: Report by Consumer Intelligence and Sicsic Advisory shows number of people in the vulnerable customer category has hit 13m.

Voice authentication might sound like a more seamless method of identifying an individual, but it isn’t yet a silver bullet for financial fraud

https://www.raconteur.net/technology/voice-biometrics

According to Accenture, the worldwide Coronavirus pandemic will have several significant long-term impacts on global payments

Banks could do more to protect and compensate victims of fraud, particularly their most vulnerable customers, the Lending Standards Board (LSB) has found.

https://www.moneyexpert.com/news/banks-not-enough-protect-fraud-victims/

Protecting financial institutions from account takeover (ATO) and cybercrime is essential, says OneSpan in its latest webinar

https://www.fintechmagazine.com/fintech/onespan-how-address-fraud-through-risk-analytics

The jury in the fraud trial of Jonathan Denton – a former partner in the London office of US law firm Locke Lord – has been discharged because of fears of coronavirus.

https://www.cityam.com/jury-discharged-due-to-coronavirus-in-fraud-trial-of-ex-locke-lord-partner-jonathan-denton/

Speed read: The proposal to impose a mandatory duty to report fraud on financial institutions seems like a useful additional data source for law enforcement, but the measure mirrors the pre-existing duty to report money laundering closely. The latter is a well-established compulsory reporting requirement imposed on a wider range of institutions which, if applied properly, might be thought to render the new proposal unnecessary.

https://brightlinelaw.co.uk/duty-to-report-fraud-an-unnecessary-duplication/ 

Alistair Greig, who owned and ran Midas Financial Solutions in Scotland, has been sentenced to 14 years in jail after he was found guilty of a large scale investment fraud.

https://www.ftadviser.com/regulation/2020/04/16/advice-boss-jailed-over-13m-ponzi-scheme/

A financial services director who obtained more than £13 million by fraud after conning investors has been jailed for 14 years.

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