WhatsApp Removes Millions of Scammers, but Security Revamp Could Go Further
WhatsApp took down 6.8 million scam-linked accounts—primarily in South Asia—during the first half of 2025 in a major crackdown on cyber fraud. It also announced new protective chat tools designed to combat criminal activity. The next question is whether the extensive fraud rings will be dismantled or simply adapt and find new ways to entrap […]
UK Regulator Tightens Rules on Payment Processors
The UK’s Financial Conduct Authority (FCA) has introduced rules stipulating that payments firms must keep company funds separate from customer funds. The FCA cited several instances where fintechs became insolvent, noting that customers were left with an average shortfall of 65% in these cases. The new safeguarding rules are intended to ensure that, if a […]
From Trust to Truth—New Purpose-Built Infrastructure to the Rescue
The correspondent banking model that has enabled cross-border payments for the past 50 years is built on trust; trust that each party in a complex chain will act in good faith and fulfill its obligations. However, the absence of purpose-built technology and the dependence on manual processes at originating institutions and correspondent banks have prevented […]