NEWS
Experian launches CreditLock to give Brits an extra layer of protection against identity fraud
Experian has launched CreditLock – a new feature that will enable customers to lock their Experian Credit Report at the touch of a button . The launch comes following data that shows one in four UK adults have fallen victim to fraud , with 75 % of UK adults having been targeted , highlighting the scale of the problem in the UK .
CreditLock allows CreditExpert and Identity Plus customers to ‘ lock ’ or ‘ unlock ’ their Experian Credit Report using a toggle switch in the app or online . Certain high-risk credit applications ( such as a loan , mortgage or credit card ) will be blocked by a ‘ locked ’ report .
The report can be instantly ‘ unlocked ’ using the same toggle either in the app or online . This means it is instantly accessible if the consumer wishes to make a genuine application for credit .
Using real-time alerts , the feature will also let customers know about any new credit searches in their name , and if it has stopped any fraudulent applications on their behalf . A fraudulent application blocked by CreditLock will have no impact on a person ’ s credit score .
SwissBorg enters the UAE to redesign the banks of the future
wissBorg , one of Europe ’ s leading cryptocurrency wealth
Smanagement apps , has launched in the UAE , offering a safe and easy app to invest and earn interest on assets through Web 3.0 . The award-winning app ’ s formula for mass adoption is two-fold – simplicity and automation – to help anyone , regardless of age or skills , become a community member . SwissBorg brings more than six years of expertise to the UAE , introducing a digital asset management app that takes the guesswork out of crypto investments .
In the UAE , the adoption of cryptocurrencies has gained popularity , with both local and international players in healthy competition . According to Gemini ’ s 2022 report Global State of Crypto , 35 % of the UAE population has adopted some form of crypto tokens , compared to 17 % uptake in developed nations . And of the part of the population that has not yet invested , 32 % are likely to purchase crypto in 2023 . A third of the crypto owners use it to make in-person purchases at brick-and-mortar retailers , compared to just 19 % of owners globally .
“ We are pioneering a new era in asset management and private banking supported by blockchain technology and cryptocurrencies assets ,” said Anthony Lesoismier , Co-founder & Chief Strategy Officer at SwissBorg . “ We see cryptocurrencies as a serious investment , and our goal is to provide a variety of long-lasting crypto financial products that everyone can use to participate in the largest wealth transition in human history .”
10 www . intelligentfin . tech