May 9, 2023 โ Faster payments are a new global reality, providing convenience and immediate access to funds to consumers and businesses alike. Unfortunately, fraudsters have also developed a fondness for faster payments. They are capitalizing on gaps in control frameworks and the ultimate weakest linkโthe customer.
This report discusses trends associated with fraud on faster payment rails. Sponsored by Outseer, the report is based on a survey of 21 fraud executives at large FIs in February and March 2023 in Brazil, Canada, India, the U.K., and the U.S.
Clients of Aite-Novarica Group’s Fraud & AML service can download this report.
About the Author
Julie Conroy
Julie Conroy serves as the Chief Insights Officer for Datos Insights. Prior to Julieโs tenure at Datos Insights, she had more than a decade of hands-on product management experience working with financial institutions, payments processors, and risk management companies. She spent a number of years as Vice President of Product Solutions with Early Warning Services, where her team managed a...
Other Authors
Trace Fooshee
Trace Fooshee is a Strategic Advisor in the Fraud & AML practice at Datos Insights, covering fraud and data security issues. Trace has been leading business transformation initiatives for over 20 years. He started his professional career in Singapore, where he focused on delivering process automation solutions for banking and securities clients by way of workflow and document management-based transformations....
David Mattei
David Mattei is a Strategic Advisor at Datos Insights in the Fraud & AML practice.ย David has over 15 years of experience in the payments industry designing, building, and launching fraud and dispute systems. Fraud constantly poses financial and reputational risks to parties on both sides of a transaction, and David's customers have included merchants and financial institutions, giving him...