Financial institutions (FIs) are grappling with sophisticated authorized and unauthorized scams that are fueled by payments innovation and higher transaction volumes. With instant payments gaining worldwide adoption, real-time monitoring is the key to stopping trending scams—but that’s not the only trend to plan for.
In the last year, payment volume increased 22% and attempted fraud unit and dollar attacks increased 18%. Long-term, these year-over-year increases are unsustainable.
How can FIs combat pervasive fraud that shows no signs of slowing down?
Download this report to get data-driven, expert advice that will help you evaluate current fraud prevention practices, retain customer trust, and meet dynamic regulatory requirements in 2024.