Combating APP Fraud in Fintech
"You ultimately become a victim of your own success because you’re doing really well as a business but scrambling around trying to make sure your compliance can keep up.”
In this fact-filled episode covering APP fraud, Thomas sits down with James Nurse, Managing Director at FINTRAIL, a leading global financial crime consultancy.
Thomas and James unpack recent cases involving Revolut and Coinbase, drawing comparisons between the two. They look at the staggering £459.7 million stolen by criminals in the UK in 2023 and dig into the alarming rise of scams. James also breaks down the UK reimbursement rules, set to be enforced in October 2024, which shift liability to payment providers.
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Managind Director, FINTRAIL
James leads FINTRAIL’s consulting team and oversees the execution of client projects globally. FINTRAIL has worked with hundreds of leading banks, FinTechs, other regulated institutions, RegTechs and government bodies to implement industry-leading approaches to combat money laundering and other financial crimes.
Before joining FINTRAIL, James held first and second line financial crime roles in the payment and online gambling space.
Thomas Taraniuk
Head of Partnerships
Daniel Flowe, Eddie Moxon-Garcia
LSEG + Sumsub
Daniel Flowe
Head of Digital Identity at the London Stock Exchange Group
Eddie Moxon-Garcia
Product Marketing Lead
Thomas Taraniuk
Head of Partnerships
Erica Stanford
Author of bestselling book Crypto Wars, Digital Assets & AI @ CMS
Thomas Taraniuk
Head of Partnerships
Paul Maskall
Strategic Fraud Prevention and Behavioural Lead at UK Finance