Alex Rolfe

Friendly fraud is not immune to the march of AI, and indeed, the emergence of automated tech as a defence against chargebacks has been embraced in industries with the strictest regulations. The Friendly-fraud frontier So, while malicious third parties might be causing new forms of disruption with the help of generative tools, there’s a protective counterbalance provided by the same systems. You just need to know where to look for it and what benefits it offers.

The UK’s payments watchdog has imposed a £3.78m penalty on Bank of Ireland UK after the lender failed to meet the regulatory deadline for implementing Confirmation of Payee (CoP), a key anti-fraud safeguard in domestic bank transfers. PSR fines Bank of Ireland £3.7m The Payment Systems Regulator (PSR) concluded that Bank of Ireland UK implemented the functionality to send CoP requests 14 months after the mandated deadline of 31 October 2023.

Klarna’s ambitions to evolve beyond its buy now, pay later (BNPL) roots have been dealt a sharp market rebuke. Shares in the Swedish fintech fell 27 per cent on Thursday after the company reported a $273mn net loss for 2025, driven largely by a steep rise in provisions for expected credit losses. The decline leaves the stock almost 68 per cent below its September IPO price, slashing its market capitalisation from $15bn at listing to roughly $5.3bn.