The romance fraud risk paradigm

Published on: 10/12/2025 00:00

Pathlight Associates examine the evolving risk landscape for banks and payment service providers (PSPs) as romance fraud reaches epidemic proportions.

By November 2025, the UK financial services sector had operated under the Payment Systems Regulator’s (PSR’s) mandatory reimbursement regime for over a year. While the “reimbursement requirement” has successfully shifted the financial burden of Authorized Push Payment (APP) fraud away from consumers, it has exposed significant operational vulnerabilities within firms.

Read the full article published in GRIP (free trial subscription).