Report

Faster Payments, Faster Fraud: Solutions to Stop the Madness

Seventy-seven percent of FIs plan to make major changes to enhance their real-time payment fraud controls over the next one to two years.
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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 linkโ€”the 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.

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