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UK Finance, EY and Microsoft partner to make tech language more inclusive

UK Finance, EY and Microsoft partner to make tech language more inclusive
technologyrecord.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from technologyrecord.com Daily Mail and Mail on Sunday newspapers.

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Online safety bill 'will fail to protect millions from cloned websites and ad scams' | Scams

However, finance experts said its focus on user-generated content, such as social media posts involving romance scams or fake investment opportunities, left a loophole for criminals.
Debbie Barton, a financial crime prevention expert at the investment firm Quilter, said the bill would have a big impact on protecting investors, particularly young people, from financial harm but there was much further to go.
âThe government should now consider including fraud facilitated through advertising, emails or cloned websites,â she said.
âWith each day that passes, around Â£214,000 is lost to UK consumers from clone firm fraud, so the government should not kick the can even further down the road and should take action with this bill.â ....

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Cash Summit: Securing our Freedom to Pay – Which? Conversation

Post-meeting update
At today’s Cash Summit we were delighted to hear Economic Secretary to the Treasury John Glen confirm that a consultation on cash legislation will be launched in the Summer. This is an extremely positive development towards getting these critical long term protections introduced.
The government must deliver at pace on it’s promises, or risk leaving the cash system vulnerable to further damage.
We also heard about UK Finance’s commitment to protecting access to cash, and the launch of its new Cash Action Group, which will be led by Access to Cash Review Chair, Natalie Ceeney, in addition to renewed commitments from the Post Office and major banks to supporting the provision of cash access for consumers. ....

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FCA boss Nikhil Rathi demands crackdown on scams

And it comes as new figures reveal that 96 per cent of investment scams now originate online.
Rathi (pictured) stressed that dealing with scams posted by social media users ‘only captures part of the issue’ and that the Government needs to address digital ads as well.
He told MPs on the Treasury Committee: ‘Online advertising, which is where the fees are generated by the platforms, needs to be looked at very closely as well.
‘It is the adverts that are persuading some of these vulnerable customers to go after high-risk investments and, indeed, scams.
‘People are looking for returns on their money and are tempted by all kinds of opportunities that are presented to them. We would like the Online Safety Bill extended to online advertising.’ ....

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Millions of payment holidays granted to borrowers during year of lockdowns

Millions of payment holidays granted to borrowers during year of lockdowns
independent.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from independent.ie Daily Mail and Mail on Sunday newspapers.

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