ShAI Stories

Click to play 3 minute story video Sha- Stories -Another new interesting story in fintech created with generative ai . Story about a Nevada woman jailed who hired a con hitman on a scammer site on the dark web to murder her husband and paid them using Bitcoin, the investigation and how fintechs can prevent such activities on their site and preserve their brand reputation https://lnkd.in/gRSC4q22 Story generated using generative ai tools pictory, uses speech to text conversion, Adobe firefly Original story - https://lnkd.in/gV3ZJzwC hashtag # paypal hashtag # generatieveai hashtag # fintech hashtag # crypto hashtag # blockchain hashtag # blockchaintechnology hashtag # pictory hashtag # adobefirefly hashtag # speechtotext

  Scam – New Payments Service Regulation in UK https://www.reuters.com/world/uk/uks-payments-regulator-lays-down-new-norms-tackle-fraud-2023-06-07/     Britain's Payment Systems Regulator (PSR) said on Wednesday it has made it mandatory for banks and payment firms to reimburse victims of online bank fraud within five days, in cases where users at a business send money to a bank account controlled by fraudsters.   Thousands of people have seen their savings swept away in recent years by an unprecedented wave of fake online bank transactions hitting Britain, called authorized push payment (APP) fraud. The PSR said the new rules will be imposed on the Faster Payments system, where the vast majority of APP fraud has occurred so far, with the reimbursement requirements coming into force next year. The regulator also said that all payment firms will be incentivised to take action, with both sending and receiving firms equally splitting the reimbursement c...