Authorized and Unauthorized Fraud in the Era of Payment Innovation

Get wise to the threat

It is a constant challenge for banks to keep up with the fast-moving payments landscape as you are faced with constantly evolving technology and ever-present competition, growing fraud typologies and scams, limited resources, ever-tighter regulatory and political pressures, while maintaining a near frictionless customer experience.

Solving this conundrum can be a challenge and some banks struggle to deploy technology environments enabling them to capitalize on data. Fraud knows no boundaries, so organizations must also keep a constant watch on the threat landscape. But automation, and technology, alone cannot solve this problem: insights can only be actioned effectively if relevant processes are in place and people are able to adapt to modern practices.

Learn more about:

• Latest authorized fraud threats: BEC, APP and internal fraud
• Increases in unauthorized fraud – how it has risen since the pandemic
• What success looks like for financial institutions trying to prevent fraud