Financial Technology Fraud Trends in 2022
No matter how you slice the numbers, the cost of financial technology fraud is not only staggering but growing, with 82% of organizations reporting payment fraud incidents according to the Association of Finance Professionals, among other fintech fraud trends.
Also, Forbes reports that in 2020, identity fraud was responsible for losses of $56 billion for financial firms.
With the fintech industry only growing from its current valuation of $7.3 trillion, these numbers will only continue to grow unless fintech companies can update their fraud prevention solutions. Fortunately, we have an answer in our AI-powered fraud management platform.
In this 15-minute free video, learn:
- What is currently driving the growth of fintech
- Some trends in fintech in 2022
- Trends driving regulations around fintechs
- Security and fraud threats often targeting these
- The cost of online fraud
- And more...
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