Starling Bank Launches Call Indicators amid Concerns of Impersonation

The United Kingdom’s Starling Bank has introduced a new
feature in its app designed to help protect customers from bank impersonation
scams. This feature, known as the ‘call status indicators,’ is visible on the
home screen and payment screen.

The call status indicators provide real-time information
about whether a customer is receiving a genuine call from Starling. They will
indicate if the bank has never called the customer or provide details about
when the last call occurred.

Bank Impersonation Scams Persist Financially

When users open the Starling app to initiate a payment, they
will see one of several messages. These include: “We’ve never called you,”
“We’re calling you now,” “You’re on a call with Starling,” “We aren’t calling
you,” or “No recent calls”.

Despite a reported 84% of UK adults being aware of bank
impersonation scams, these scams continue to have a significant financial
impact. They result in losses totaling approximately £78.9 million each year.

The United Kingdom’s Starling Bank has introduced a new
feature in its app designed to help protect customers from bank impersonation
scams. This feature, known as the ‘call status indicators,’ is visible on the
home screen and payment screen.

The call status indicators provide real-time information
about whether a customer is receiving a genuine call from Starling. They will
indicate if the bank has never called the customer or provide details about
when the last call occurred.

Bank Impersonation Scams Persist Financially

When users open the Starling app to initiate a payment, they
will see one of several messages. These include: “We’ve never called you,”
“We’re calling you now,” “You’re on a call with Starling,” “We aren’t calling
you,” or “No recent calls”.

Despite a reported 84% of UK adults being aware of bank
impersonation scams, these scams continue to have a significant financial
impact. They result in losses totaling approximately £78.9 million each year.

This post is originally published on FINANCEMAGNATES.

  • Related Posts

    Darwinex Zero Unveils Permanent Allocation Model for Long-Term Trading

    Darwinex Zero launched a new model that offers traders a long-term commitment by providing €100,000 in virtual capital that reportedly remains intact regardless of market ups and downs. According to…

    DriveWealth Plants European Flag in Lithuania’s Fintech Hub

    The US based Brokerage-as-a-Service technology company DriveWealth has secured a brokerage license from the Bank of Lithuania, expanding its global operations into the European Economic Area. DriveWealth Secures European Brokerage…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Darwinex Zero Unveils Permanent Allocation Model for Long-Term Trading

    • October 31, 2024
    Darwinex Zero Unveils Permanent Allocation Model for Long-Term Trading

    Beyond the hedge: How C3 funds is turning gold into a cash cow

    • October 31, 2024
    Beyond the hedge: How C3 funds is turning gold into a cash cow

    Oil prices rise on benign US inflation, inventory draw,

    • October 31, 2024
    Oil prices rise on benign US inflation, inventory draw,

    US LNG exports to rise at smallest pace since 2016

    • October 31, 2024
    US LNG exports to rise at smallest pace since 2016

    Starling Bank Launches Call Indicators amid Concerns of Impersonation

    • October 31, 2024
    Starling Bank Launches Call Indicators amid Concerns of Impersonation

    Yen firms after less dovish BOJ, dollar dips ahead of inflation data

    • October 31, 2024
    Yen firms after less dovish BOJ, dollar dips ahead of inflation data