On this week’s episode of News & Views, sponsored by TrustVanta, The Fintech Times Podcast team speak about Revolut revealing that UK consumers are losing money due to WhastApp scams, why UK banks need to focus on building confidence in the security of real-time payments and why blockchain can still be given the attention they deserve despite AI’s limelight.
The conversation started this week with Tom exploring real-time payments and where they fit into the financial education lifecycle. Polly explained the importance of making users aware of them given how many use them without knowing it, while Francis highlighted the importance of adding to financial education already being taught, rather than replacing it.
The conversation then turned to fraud as Polly explained how criminals are turning to WhatsApp to commit crimes. The trio explored how easy it is for fraudsters to misrepresent themselves, focusing in on the risks of family impersonation.
Lastly, the podcast crew turned to the topic of blockchain as the UK digital assets industry has called for blockchain to receive the same treatment as AI. While Polly, Tom and Francis all saw the merits of blockchain and agreed it needed to be developed, they did agree that it probably wouldn’t reach the same level of hype and individual impact as AI has had.
Listen to the News & Views Podcast on your favourite platform:
UK Digital Asset Industry Calls for Government to Give Blockchain the Same Treatment as AI
Fraudsters Turn to WhatsApp: Revolut Reveals UK Consumers Lose £2,437 From WhatsApp Scams
FICO: UK Banks Must Educate Consumers About Real-Time Payments to Build Trust and Boost Adoption
The post News & Views | Episode 194: Fraudsters Using WhatsApp, Real-Time Payments & Blockchain appeared first on The Fintech Times.
