SuperTech WM reposted this
As economic crime continues to rise, the UK’s financial and tech sectors are taking significant steps to tackle the growing challenge of fraud. Our CEO, Ezechi Britton MBE, recently shared his insights with The Fintech Times on why combatting fraud is essential for a more secure economic environment. He emphasises the importance of innovative digital verification solutions in achieving this goal, highlighting: ⚖️ The scale of economic crime affecting businesses and customers. Digital verification solutions can significantly reduce fraud and potentially add £500 million to the UK economy annually throughout the remainder of the decade. 🔐 The opportunities ‘Corporate IDs’ and enhanced digital verification will bring to the UK fintech ecosystem by enabling standardised and verified data, improved authenticity checks, and enhancing fraud detection tools. 🔵 How CFIT’s latest coalition includes blue-chip companies and organisations including City of London Corporation, Federation of Small Businesses (FSB), OneID®, Payment Systems Regulator, Quantexa, Revolut, Sage, Santander, Sopra Steria, Smart Data Foundry, SuperTech WM, techUK, The Payments Association, Thought Machine, Tide, TISA UK, TrueLayer, Trustly, Visa, Which? and Yoti, highlights how seriously the industry takes the problem. At CFIT we are committed to leveraging financial technology to combat economic crime through our second coalition. By collaborating with our partners, we’re developing innovative solutions to build a more secure economy for businesses and consumers alike. To hear more of Ez’s thoughts, click the link below 👇
CFIT’s Ezechi Britton: Why Combating Fraud is a Top Priority Following the launch of Centre for Finance, Innovation and Technology (CFIT)'s second industry coalition, which now includes major partners like AWS, Barclays, HSBC, Revolut and Mastercard, CEO Ezechi Britton MBE, shares insights into how the sector is uniting to combat fraud through innovative digital verification solutions. Read More: https://lnkd.in/ePimuSMD