Bank transfer fraud is an omnipresent and growing threat. Recent developments linked to the Covid-19 pandemic and the pervasive uptake of remote working have only exacerbated the risk of cyberattacks. So, how can businesses detect fraudulent behaviour? How can they guard against potential threats?
What alternatives to banks do small businesses have?
Most companies were not prepared to deal with this situation. Small businesses in particular are now struggling to refinance as normal despite the government pressure on banks.
Why banks will never catch up with fintechs?
In 2012, $3 billion was invested in Fintechs. Three years later, this amount had reached $20 billion. In the first half of 2018 alone, it exceeded 27.5 billion. All sectors of the banking industry have since been disrupted: payments between individuals, international payments, corporate banking, loa...
