Bobsguide
MARCH 30, 2020
In 2016, the global fraud detection market was valued by Allied Marked Research at $13.6bn. Fast forward to today: according to Fortune Business Insight, the global market for anti-fraud solutions will grow from $19.3bn in 2018 to $110bn in 2026. The growth is exponential, and the banking,
PYMNTS
SEPTEMBER 11, 2019
percent: Projected CAGR of the global AML software market as measured from 2019 to 2026. million: Average annual AML compliance spending for Canadian firms with less than $10 billion USD in total assets. 10,000: Number of KYC images from crypto exchange Binance allegedly accessed by a cybercriminal.
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PYMNTS
AUGUST 28, 2019
It’s hardly news that consumers (along with regulators and politicians) are becoming increasingly focused on privacy and online security. These worries regarding connected vehicles are, in a broader sense, tied into larger security issues involving the Internet of Things (IoT) — to which all those cars and trucks will connect.
FICO
DECEMBER 20, 2022
5 Ways Digital Payments Will Change FIs and Fraud in 2023. Financial institutions (FIs) are not letting fraud trends like scams fade into background noise, but fraud awareness is rising among customers and both the banks and customers are eager to mitigate as much as possible. FICO Admin. Tue, 07/02/2019 - 02:45. by TJ Horan.
PYMNTS
SEPTEMBER 12, 2019
The latest AMC/KYC Tracker examines current efforts to stop money laundering, fight fraud and improve customer identity authentication in the financial services space. percent from 2019 to 2026, the technologies’ high costs and lack of skilled IT professionals prevent the market from doing so more quickly. The Cost of Compliance.
PYMNTS
JUNE 8, 2020
Open banking may soon become table stakes for financial institutions (FIs) — they need to act now and be able to offer it securely or risk getting left behind. percent between 2019 and 2026, hitting $43.2 percent between 2019 and 2026, hitting $43.2 Tightening Authentication. percent “less likely to be compromised.”.
FICO
FEBRUARY 9, 2023
As the PSR’s response to authorized push payment fraud moves towards becoming law, what will the results be? million stolen through fraud in the UK last year, payment scams (or authorised push payment fraud or APP scams) accounted for 41%. Payment scams reached unprecedented levels last year and look set to double by 2026.
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