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David G.W. Birch

@dgwbirch.bsky.social
371 followers 25 following 1.5K posts

Author, advisor and commentator on digital financial services.

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David G.W. Birch @dgwbirch.bsky.social · 4h
How Ukraine’s data centre strikes have thrown Russia into turmoil buff.ly/6EBn5hF "Users of Yandex Pay — a banking and payment service that took off after Apple Pay left Russia — awoke to find their account balances vanished" #WorldWar3.1
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https://www.ft.com/content/dc21da0b-25b7-402e-8dbe-e7d9f7431b93?desktop=true&segmentId=7c8f09b9-9b61-4fbb-9430-9208a9e233c8&syn-25a6b1a6=1#myft:notification:daily-email:content
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David G.W. Birch @dgwbirch.bsky.social · 8h
#FlashbackFriday In 2021 I asked whether challenger banks were really the future of banking, or just the final burst of innovation from the sailing ships. Five years on, perhaps the real challengers aren't challenger banks at all. buff.ly/O970sft Yesterday's future. Progress optional.
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David G.W. Birch @dgwbirch.bsky.social · 22h
New on the not-a-newsletter "In the future, everyone will be famous for 15Mb"... Agentic Finance is Terrifying $$$ buff.ly/zMbaSgs JPMorgan Chase has just blocked external AI agents from accessing customer accounts.
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Agentic Finance is Terrifying
The survivors will have to learn to market to machines.
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David G.W. Birch @dgwbirch.bsky.social · 15/10/2026
Kenneth Bok is so interesting buff.ly/rUlQIDQ "On 13 May 2025 Telegram deleted thousands of channels and banned the usernames behind Huione Guarantee... Huione Guarantee announced it was closing the same day" It's almost as if identity is the new... well, you know.
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The Deposit Is the Product — Kenneth Bok
How a Chinese-language escrow service on Telegram became the largest criminal marketplace ever built, and why shutting it down changed less than it should have.
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David G.W. Birch @dgwbirch.bsky.social · 14/10/2026
Was this generated by AI or it real? Anyone?
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David G.W. Birch @dgwbirch.bsky.social · 14/10/2026
The quality of the panel at the Federal Reserve Payments Symposium yesterday was outstanding. A very special thank you to Donna and Matt for making it so easy for me to chair the session on the economics of payments modernisation. Big props to the Fed team for the agenda and the logistics.
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David G.W. Birch @dgwbirch.bsky.social · 13/10/2026
`123456’ password used in massive Danish CPR data breach - The Copenhagen Post buff.ly/EnnAAcs Haven't these people ever heard of passkeys? See y'all at Authenticate in California next week!
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`123456’ password used in massive Danish CPR data breach - The Copenhagen Post
At least three accounts at the company linked to a major breach of Denmark’s CPR register reportedly used the password “123456”, including an administrator account. At least three user accounts at…
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David G.W. Birch @dgwbirch.bsky.social · 12/10/2026
Deloitte helped in falsifying documents to evade tax buff.ly/XEVASDV "assets such as superyachts, mansions and private jets worth $672m (£508m) vanished from Abramovich's company accounts." 🎼 You're going down with City, You're going down with City 🎶
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Deloitte helped in falsifying documents to evade tax on Abramovich’s wealth, BBC finds
Backdated paperwork also made the Russian oligarch’s yachts and mansions disappear from accounts, investigation finds.
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David G.W. Birch @dgwbirch.bsky.social · 12/10/2026
I’m reading about how we got here to help me understand where we are going.
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Reposted by David G.W. Birch
Ken Tindell @kentindell.bsky.social · 11/10/2026
First time I’ve seen electric prices on the same sign. There’s a very big transition happening, and ironically it’s speeding up thanks to the monstrous orange centaur.
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David G.W. Birch @dgwbirch.bsky.social · 11/10/2026
More or Less - excellent as always - but the piece on Big Donkey is excellent. Surely it’s a hallmark of a functioning peaceful democracy that people spend more money on donkey sanctuaries than on political donations buff.ly/swCbfOl
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David G.W. Birch @dgwbirch.bsky.social · 11/10/2026
Banking is boring. AI doesn’t mind buff.ly/QBwJXAy Most people know they should compare savings accounts but they don't because it is time-consuming and boring. But a lot of business models are based on consumer inertia and cognitive fatigue.
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Banking is boring. AI doesn’t mind. - Huawei
AI will change banking because it's willing to perform the countless mundane financial chores most people never get around to doing. Author and speaker David Birch says this simple shift could upend…
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David G.W. Birch @dgwbirch.bsky.social · 10/10/2026
The dictator’s laboratory: Nayib Bukele is pushing AI hard buff.ly/dM5yF57 "No one knows what becomes of the country’s stash if and when he leaves power."
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https://www.economist.com/the-americas/2026/09/24/the-dictators-laboratory-nayib-bukele-is-pushing-ai-hard
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David G.W. Birch @dgwbirch.bsky.social · 10/10/2026
Trump’s Team of Mercenaries buff.ly/DlSk16m “It won’t show up anywhere if you wire money to American Express,” Guilfoyle wrote. “Please.” Goodness me. Have these people never heard of Bitcoin?
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https://www.theatlantic.com/newsletters/2026/10/trump-guilfoyle-blair-lacivita-mercenaries/688943/?utm_campaign=atlantic-daily-newsletter&utm_content=20261008&utm_source=newsletter&utm_medium=email&lctg=6050ef534953a53f14a1a88e&utm_term=The%20Atlantic%20Daily
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David G.W. Birch @dgwbirch.bsky.social · 09/10/2026
Brilliant. Thanks to The Economist for a morning LOL
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David G.W. Birch @dgwbirch.bsky.social · 09/10/2026
New on the not-a-newsletter... Bank 5.0 buff.ly/dGacVGK Early in my career, I wasn’t really one for business books. Brett King’s Bank 2.0 changed my outlook. Now I’m one of the co-authors of his new book "Bank 5.0 The Rise of the Agentic Bank" and… well, how cool is that.
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Bank 5.0
The rise of the agentic bank. Cool.
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David G.W. Birch @dgwbirch.bsky.social · 09/10/2026
Get a cup of tea, put your feet up and listen in... The Big Bets | David Birch and Alessandro Hatami with Paulette Rowe buff.ly/xpr5w7V
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The Big Bets | David Birch and Alessandro Hatami with Paulette Rowe
In this episode of @The-Big-Bets podcast, hosts David Birch and Alessandro Hatami sit down with Paulette Rowe, former CEO of Stax and Paysafe, who's also held senior roles at Facebook, Barclaycard,…
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David G.W. Birch @dgwbirch.bsky.social · 09/10/2026
#FlashbackFriday In 2021 I argued that the interesting thing about the metaverse wasn't the virtual worlds. It was digital property rights. Five years on, the metaverse may have been overhyped. Digital ownership hasn't been. buff.ly/ZQfjuS4 Yesterday's future. Progress optional.
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Reposted by David G.W. Birch
Neira Jones @neirajones.bsky.social · 08/10/2026
💳 Mastercard will require offline support on new European cards from February 2027 and new or replacement terminals from May, enabling chip-and-PIN payments up to bank-set limits of €200 during network outages, with clearing once connectivity returns. www.finextra.com/newsarticle/...
finextra.com
Mastercard to enable offline payments across Europe
As cash usage continues to wane in the digital age, the risk of payment disruption rises. When a power blackout hit Spain and Portugal in 2025, an estimated 55 million people were suddenly unable to make digital payments.
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Reposted by David G.W. Birch
Mac It Look Like An Accident @macrogers.bsky.social · 08/10/2026
Okay so we have a number now: the Onion is officially 6 months ahead of reality.
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Reposted by David G.W. Birch
Butlerian Jihadist of House Dornick @shimminykricket.blacksky.app · 08/10/2026
Harvard just dropped a study AI productivity in software engineering and it found the average increase in productivity from using Claude code is.....zero and for exactly the reasons you'd think fion.ac/jellyfish.pdf
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David G.W. Birch @dgwbirch.bsky.social · 08/10/2026
This isn't a boast, but a sad reflection on the tragic trajectory of my career. I'm drinking my coffee and reading the "Draft Regulatory Technical Standards under Article 28(1) of Regulation (EU) 2024/1624" buff.ly/0Tth6Ah
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https://www.amla.europa.eu/document/download/e15ab2e5-4074-4de8-bb9d-613dd8b7fdd1_en?filename=Final%20Report%20-%20draft%20RTS%2028%281%29%20AMLR.pdf
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David G.W. Birch @dgwbirch.bsky.social · 07/10/2026
Digital Pound Lab: Phase 2 update buff.ly/oH3RvQl "LINK and Consult Hyperion explored how consumers could withdraw and deposit cash directly into digital pound accounts via ATMs" Great stuff!
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Digital Pound Lab: Phase 2 update
This page provides an overview of the outputs of Phase 2 of the Digital Pound Lab, which concluded in July 2026.
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David G.W. Birch @dgwbirch.bsky.social · 07/10/2026
"Undaunted: Stalingrad" is the best tabletop war-game I've played in years. It is brilliant. Nothing to do with fintech. Just saying. buff.ly/l7cdEIg
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David G.W. Birch @dgwbirch.bsky.social · 06/10/2026
UK urged to act as Polymarket takes bets on whether HSBC and Lloyds will fail buff.ly/JgMg8iS "There are growing concerns over insider trading and market manipulation on Polymarket by bad actors hoping to win big on online bets." Seriously, what did anyone expect? .
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UK urged to act as Polymarket takes bets on whether HSBC and Lloyds will fail
Revelation comes amid mounting concern over online prediction market’s effects on integrity of financial system
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David G.W. Birch @dgwbirch.bsky.social · 06/10/2026
Please don’t think I’m accusing a politician of lying, but can someone fact check this please. Maybe it was made by AI?
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David G.W. Birch @dgwbirch.bsky.social · 06/10/2026
Assessing the McKinsey Global Payments Report buff.ly/I5tuFo0 "McKinsey suggest... banks try to control the Trust Layer " Welcome to our world, McKinsey.
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Assessing the McKinsey Global Payments Report
Equal time between McKinsey & BCG!
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David G.W. Birch @dgwbirch.bsky.social · 05/10/2026
I genuinely don't know the answer, but are there Financial Fair Play rules in the National League? buff.ly/VVq3XR5
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https://www.ft.com/content/28052f04-c9b6-4f1d-96b8-ee991e47ddbb?desktop=true&segmentId=7c8f09b9-9b61-4fbb-9430-9208a9e233c8&syn-25a6b1a6=1#myft:notification:daily-email:content
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David G.W. Birch @dgwbirch.bsky.social · 05/10/2026
Lloyds survey reveals 71% of UK FIs believe tokenisation will reshape financial services buff.ly/uc6cKKE Seriously? Who are the 29% that don't? I think we should be told.
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https://www.finextra.com/newsarticle/48526/lloyds-survey-reveals-71-of-uk-fis-believe-tokenisation-will-reshape-financial-services?utm_medium=dailynewsletter&utm_source=2026-10-5&member=36853
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Reposted by David G.W. Birch
Lisa Carey @msleedy.bsky.social · 04/10/2026
Genuinely concerned about what's happening to the space-time continuum in this toilet.
A toilet door with a sign saying "Temporally Out Of Order"
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David G.W. Birch @dgwbirch.bsky.social · 04/10/2026
You have to admire the innovation and inventivenss. London drug dealers are hijacking Google Maps buff.ly/jyYICYT
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London drug dealers are hijacking Google Maps
Plus: Lime hands customer’s name to the police • More from inside the Shard • Soho box stacking mystery • The AI takeover of humanity begins with a fixation on Lambeth council
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David G.W. Birch @dgwbirch.bsky.social · 01/10/2026
Naomi Campbell's 5-year ban on serving as a charity trustee in England and Wales has been overturned buff.ly/SjzV9vy. And if you wonder why I care, it is not because I am not stranger to fashion, as the picture shows, but it is of course because of identity... buff.ly/8RkFd1a
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MSN
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David G.W. Birch @dgwbirch.bsky.social · 01/10/2026
It’s a lovely Autumn day back in Woking.
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David G.W. Birch @dgwbirch.bsky.social · 30/09/2026
Genuinely curious as to opinions. Is it better to have the speech drafted by AI or your niece from the Shires / nephew reading politics at Uni / exchange student / or whoever it is that drafts speeches now?
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David G.W. Birch @dgwbirch.bsky.social · 29/09/2026
New on the not-a-newsletter "In the future, everyone will be famous for 15Mb" Run Over By The Future buff.ly/wqQDDUl There’s a lot of talk about AI wiping out the human race and calls for the world to call a halt. Well, you can’t make an omelette without breaking eggs. Ask William Huskisson.
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Run Over By The Future
In 1830 the railway’s greatest champion became its first famous casualty. Britain didn’t stop the trains, and we shouldn’t stop AI either.
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David G.W. Birch @dgwbirch.bsky.social · 29/09/2026
It's a deal, it's a really great deal. It's big beautiful deal between Tudhaliya IV and Kurunta of Tarhuntassa, it's way better deal than stupid Tudhailya III had, it's a deal that Tarhuntassa was begging to make.
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David G.W. Birch @dgwbirch.bsky.social · 26/09/2026
New on the not-a-newsletter... Lost Keys and Lost Children buff.ly/eJE3pwD I would love to be able to walk into a conference and, when someone comes up to me and says “Hi Dave” and my Meta glasses would flash a display in the bottom right of my vision scrolling “This is Tom Noyes".
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Lost Keys and Lost Children
Remember that old Jerry Seinfeld joke about getting your eyes tested by someone whose only source of income is selling you glasses?
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David G.W. Birch @dgwbirch.bsky.social · 25/09/2026
Help! I want my uncensorable friction-free decentralised money of the future back, part 97: Bitget. buff.ly/7rs0jsO
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Crypto platform Bitget suspects North Korea is responsible for $352 million hack
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David G.W. Birch @dgwbirch.bsky.social · 25/09/2026
#FlashbackFriday In 2021 I argued that 'smart contracts' weren't smart and weren't contracts. But the idea behind them mattered: financial infrastructure was becoming software. Five years on, that idea is looking rather less theoretical: buff.ly/1lXS3uQ
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They’re Not Smart And They’re Not Contracts
I’m not clever enough to know whether defi will be built on Ethereum 2.0 or Solano, but I am smart enough to know that it will be built. It therefore makes sense for financial services organisations to start working on their own strategies for exploiting the new markets that will emerge.
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Reposted by David G.W. Birch
Neira Jones @neirajones.bsky.social · 23/09/2026
🚨 UK banks closed 238,396 suspected money mule accounts in 2025, FCA data shows. But criminals often move funds through two to five accounts before cashing out, making early detection and intelligence sharing essential. www.credit-connect.co.uk/news/financi...
credit-connect.co.uk
Financial firms shut hundreds of thousands of suspected money mule accounts - Credit Connect
Financial firms are shutting down hundreds of thousands of suspected money mule accounts, but organised criminal groups are still shifting dirty money
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Reposted by David G.W. Birch
En Buen Ora @enbuenora.bsky.social · 23/09/2026
good point, why has Western medicine steadfastly refused to embrace the potential of magic
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David G.W. Birch @dgwbirch.bsky.social · 21/09/2026
Excellent piece from Gam. Nobody Agreed What A Trusted (Personal) Agent Is buff.ly/5A9MgOf "Meta, Google and X all launched Personal AI this month. Payments spent two years preparing for this. Retail, travel and insurance did not."
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https://www.linkedin.com/pulse/nobody-agreed-what-trusted-personal-agent-gam-dias-0wxbe/
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David G.W. Birch @dgwbirch.bsky.social · 20/09/2026
This is quite interesting, if you are interested in this sort of thing. "The offline digital euro: when the secure element fails, what remains?" Thanks for the pointer #OMFIF buff.ly/gQsU0SD
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The offline digital euro: when the secure element fails, what remains? - OMFIF
Two questions should be settled before the design is fixed
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David G.W. Birch @dgwbirch.bsky.social · 19/09/2026
Frites don’t fail me now buff.ly/Hp6KJyy "Futures regulation was shaped by the Great Maine Potato Default of 1976 — when short-sellers led by McDonald’s chip supplier JR Simplot made huge wrong-way bets" Yes, but this time it will be different, right?
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Frites don’t fail me now
Also: hyperscalers, circular financing, AI slop, pervert glasses and justifiable murder
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David G.W. Birch @dgwbirch.bsky.social · 18/09/2026
“Chalk Up 2026 as a Win for the Banks” Another must-read from Tim. CLARITY Act Fails — GENIUS Holds | Noyes Payments Blog buff.ly/7gSPyvR
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David G.W. Birch @dgwbirch.bsky.social · 17/09/2026
Trump Is Looking for Diesel in All the Wrong Places buff.ly/JFSF3gv "One gas station in San Diego has been selling diesel for $9.99 a gallon, which is as high as its three-digit physical display will permit" It's the #ExcelliumBug.
theatlantic.com
Trump Is Looking for Diesel in All the Wrong Places
A Russia-Ukraine cease-fire isn’t guaranteed to get prices down.
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David G.W. Birch @dgwbirch.bsky.social · 16/09/2026
#Money2020ME Good panel discussion, thanks for giving me an A-Team to moderate. The issue of sovereignty came up more than once: CBDC vs. Stablecoins (vs. Interconnecting Instant Payments) has "geonomic" context that is nothing to do with blockchains.
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David G.W. Birch @dgwbirch.bsky.social · 16/09/2026
New on the not-a-newsletter... A French Revolut-ion to celebrate International Identity Day... buff.ly/eim5Uyj I want my bank to look after my digital assets. Not me with a USB stick, not some crypto bros vibe coding firewalls, not a platform that will feed my data into an AI.
dgwbirch.substack.com
French Revolut-ion
Hey it’s international identity day tomorrow! We can all get together and celebrate everything being even more broken than it was last year.
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David G.W. Birch @dgwbirch.bsky.social · 16/09/2026
cc Faith Reynolds “Hidden Heroes”
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Reposted by David G.W. Birch
Neira Jones @neirajones.bsky.social · 15/09/2026
🛡️ Belgian bank KBC has launched “guardian angel” for more than four million customers. A trusted contact can review suspicious payments before execution, targeting authorised push-payment scams. Could other banks follow? www.finextra.com/newsarticle/...
finextra.com
KBC brings 'guardian angel' to more than 4 million customers in Belgium
Guardian angel was developed to address common manipulation techniques used by scammers to trick people into authorising payments. Examples include romance scams and friendship scams, where people are emotionally manipulated, as well as account takeover schemes, impersonation scams and investment fraud schemes promising unrealistic returns.
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