Tackling Fraud in the Equine Industry

As you may have seen in the news recently fraud in high street bank accounts is ever increasing. It’s worrying enough that the racing industry is being specifically targeted, but what is more concerning is that these frauds are becoming increasingly sophisticated, and fraudsters have now managed to infiltrate the payment networks to divert and fraudulently steal money from people’s accounts.

The issue is so alarming that the Professional Jockey’s Association have urged people in racing to seek alternative methods of managing their money. It is now more than apparent to everybody that traditional banking structures are simply not up to speed with modern day security requirements.

In today’s world, cyber-crime has become a way of life and the racing industry requires safer and more sophisticated security systems in order to deal with the demands and threats on their finances and money. RacingFX is a fully regulated financial technology company which provides financial services tailored specifically to the equine industry. The company’s flagship ‘Cash Manager’ system provides clients with a full range of cash management services from a single, multi-currency account using the latest security and anti-fraud mechanisms, offering a real alternative to the traditional banking solutions available in the market today.

These frauds are becoming ever more prevalent, so sophisticated technology is the only way for the equine industry to avoid falling victim to external threats.

If you’d like to know more about the safe and easy to use RacingFX Cash Manager, please go to our website to open an account today. Alternatively, you can call +44 (0) 207 321 5666 or email enquiries@racingfx.co.uk to find out more information about the services we offer.