News & Insights

AccountingWeb – Government writes off £4.3bn in stolen Covid payments

The Treasury expects to recover just a quarter of the £5.8bn lost to fraud and error across multiple Covid support schemes. However, industry experts told AccountingWEB their warnings ahead of time fell on deaf ears as the government pressed ahead with inferior technology and outdated processes that played straight into the hands of fraudsters.

Armalytix Press – Today’s Conveyancer Minerva selects Armalytix’s Source of Funds technology

Armalytix, which uses open banking technology to streamline the collection of data for the professional and financial services industries, has been selected by Minerva, an electronic onboarding solution for law firms, to create an intelligent, digital onboarding service for the legal market and estate agents.

Armalytix Press – Fintech Magazine How a Paperless Future Can Put a Stop to Criminal Activity

A look into how crime impacts finance, along with ways fintech companies can stop them from happening in the first place by going paperless

Armalytix Press – AccountingWeb Open Banking: 90-day authorisation rule relaxed

Armalytix Press – Property Week Automated data collection can help crack down on fraud

Armalytix Press – The Fintech Times Money Heist

By utilising the power of technology, financial institutions and crime-catchers stand a much better chance of fighting financial fraud.