How Low-Ego Leaders Are Outperforming the Loud Ones
05/13/2025
No Comments
Loud leaders once ruled the boardroom. Charisma was currency. Big talk drove big valuations.
A growing rift has emerged between UK banks and technology companies over the allocation of liability for online fraud. The dispute centers on the question of who should bear the financial burden when customers fall victim to online scams.
Banks have long argued that they should not be held liable for customers’ losses incurred as a result of online fraud. They contend that technology companies, such as social media platforms and payment processors, are responsible for preventing and detecting fraudulent activity.
However, technology companies have countered that they should not be solely responsible for preventing fraud. They argue that banks also have a role in protecting their customers from scams and should share in the financial liability.
The debate over fraud liability has intensified in recent years as the number and sophistication of online scams have increased. The COVID-19 pandemic has also accelerated the shift towards online transactions, making consumers more vulnerable to fraud.
The UK government has closely monitored the dispute between banks and technology companies. The government has launched a review of the law governing fraud liability to address the issue.
The outcome of the government’s review could have significant implications for both banks and technology companies. If the government decides to place a greater burden of liability on technology companies, it could lead to increased costs for these businesses.
On the other hand, if the government decides to maintain the current allocation of liability, banks may face increased pressure to strengthen their fraud prevention measures.
The dispute between banks and technology companies over fraud liability is complex and has no easy solutions. Both sides have valid arguments, and the outcome of the government’s review remains uncertain.
However, it is clear that the issue of online fraud requires a collaborative approach from all stakeholders. By working together, banks and technology companies can develop more effective strategies to protect consumers from scams and maintain the integrity of the financial system.
Loud leaders once ruled the boardroom. Charisma was currency. Big talk drove big valuations.
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
Companies invest millions in leadership development, yet many of their best executives leave within a few years. Why?
The most successful business leaders don’t just identify gaps in the market; they anticipate future needs before anyone else.
With technological advancements, shifting consumer expectations, and global interconnectedness, the role of business leaders
The leadership landscape is profoundly changing, influenced by technological advancements, shifting workforce expectations, and the need for adaptability in an unpredictable global environment.
May 20, 2025: U.S. President Donald Trump is reportedly preparing to initiate a direct phone call with Russian President Vladimir Putin
May 15, 2025: Canadian Prime Minister Mark Carney publicly criticized the United Kingdom’s decision to extend a second state visit
May 14, 2025: Canada–U.S. relations are under intense strain following a new wave of tariffs imposed by the Trump administration.
Loud leaders once ruled the boardroom. Charisma was currency. Big talk drove big valuations.
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you
