Tunic Pay

We’re delighted to welcome Rowan Tahssin to the Tunic Pay team! 🎉 Rowan brings a wealth of experience in systems infrastructure, having previously worked at Cloudflare and its "FL" team. And she has been hitting the ground running across the Tunic Pay backend. Please join us in welcoming Rowan to the team! 🚀 #WelcomeToTheTeam #TunicPay #Fintech #Innovation #FraudPrevention

Congratulations to Mastercard and Recorded Future on the acquisition. The journey of AI applied to financial crime prevention is just beginning. 🚀 https://lnkd.in/dDRfdnRN

When Nico Barawid and I started Tunic Pay, we were drawn to addressing both the devastating damage of scams but also the friction that is now permeating the financial system. We landed on a mantra: "A.P.P. shouldn't mean All Payments Pending". Delighted to get to share a bit more of our vision today in my Op-Ed in Banking Risk and Regulation. Fraud reimbursements have been a contentious topic these last few weeks, but it's time to focus on the productive & vital area of prevention. Would love feedback and thoughts -- looking forward to discussing (and solutioning) here and beyond! https://lnkd.in/dr5CBTEf

🔍 Amid the recent sound and fury over timelines and thresholds of reimbursing victims of authorised push payment fraud, the most significant issue around is being overlooked: preventing the scam in the first place, writes Nicky Goulimis of Tunic Pay. 💡 The debate sparked by the UK regulator’s decision to slash maximum fraud reimbursements from £415,000 to £85,000 represents an opportunity, I believe, to align incentives to reduce losses with an improved customer experience. 💸 What has been under-reported is that banks and fintechs will still have to pay a not-insignificant bill. Research by the Payment Systems Regulator has found that the lower threshold will still cover more than 99 per cent of APP fraud cases by volume, and the remainder of cases will simply be redirected to the Financial Ombudsman Service for further remediation. 🤝 Rather than finger-pointing, the UK sector should focus on how information sharing can benefit both the industry and consumers, reducing fraud likelihood. Read more https://lnkd.in/emGQxQZH #APPFraud #AuthorisedPushPayments #Banking

Honored to have contributed some slightly spicy quotes in today's Banking Risk and Regulation (by the Financial Times)! A fantastic piece by Ellesheva Kissin discusses the slowdown in payments as a response to the rise in A.P.P. fraud and new reimbursement regulations. I emphasized that while Confirmation of Payee (CoP) is a great tool for preventing "fat-finger" errors (a non-trivial challenge), it's not a comprehensive fraud solution. Fraudsters often coach consumers to override CoP checks, and customers deserve more protection than just binary name-matching. At Tunic Pay, we're focused on enabling smarter payments, adding the right amount of "good friction," and leveraging intelligent network-level processing to combat fraud more effectively. Thank you, Ellesheva, for the opportunity to share a little of our work. Link to the article:

Huge thanks to Ezechi Britton MBE and all of the Centre for Finance, Innovation and Technology (CFIT)'s team for continuing to drive the agenda on economic crime, and bringing together such a powerful coalition.

We’re delighted to welcome Alan Schweber to the Tunic Pay team! 🎉 Alan joins us brings a wealth of experience in payments & fraud prevention, having previously led Lucra and experienced the challenge of payment verification first-hand at Kirkland & Ellis. His passion for fintech innovation and privacy-preserving technology align deeply with the principles behind our Intelligence Interchange. We’re excited to have him on board as we continue to scale and combat challenges like APP fraud head-on. Please join us in welcoming Alan to the team! 🚀 #WelcomeToTheTeam #TunicPay #Fintech #Innovation #FraudPrevention

Great article by Zoe Wood and Rupert Jones in The Guardian this weekend. It’s encouraging to see more attention being given to the human impact of scams and reimbursement limits, rather than just focusing on the numbers. As the recent stories of fraud victims show, these aren't just statistics – they are real people, often facing financial and emotional devastation. The discussion around reimbursement limits is critical, but we can't lose sight of the trauma behind every case. At Tunic Pay, we believe the best solution is prevention. Our focus is on stopping scams before they happen, ensuring people don’t have to experience the stress of lost savings or the uncertainty of reimbursement. #FraudPrevention #FinTech #APPFraud #CustomerProtection #TunicPay

✨ What an incredible evening with our partners in banking, fintech, and fraud prevention! ✨ Last night, we had the privilege of sitting down with leaders from across the industry—bank executives, heads of fraud, and fellow fintech founders—to discuss the future of financial security and how we can stay one step ahead of APP fraud. 🌐💡 At Tunic Pay, we believe that innovation doesn’t happen in isolation. It’s through these collaborative conversations and shared insights that we’re building safer, more resilient financial systems for everyone. Thank you to everyone who joined us for this inspiring evening, and looking forward to convening different perspectives! #Fintech #FraudPrevention #FinancialInnovation #Banking #APPFraud #TunicPay #Collaboration #Leadership

🔍 Scammers are always one step ahead, pushing the boundaries of the financial ecosystem. Recent findings by the FTC highlight a troubling trend: cash-to-crypto ATMs are becoming a hotspot for fraudulent activities. These machines, designed to make the transition from traditional cash to digital currencies seamless, are being exploited by bad actors to deceive unsuspecting users. 🕵️♂️ As the world of cryptocurrency continues to expand, so too does the creativity of those looking to exploit it. Scams like these often migrate to the peripheries of the financial network, targeting areas that lack robust oversight and regulation. At Tunic Pay, we're committed to staying ahead of these challenges. By leveraging advanced data sharing protocols in real-time, we aim to safeguard financial institutions and their customers. 🛡️ 📰 Stay informed: Check out this TechCrunch article to learn more about the growing risks associated with cash-to-crypto ATMs. #Fintech #Cryptocurrency #Security #ScamPrevention #Innovation