While statistics vary year by year, there was a 79 percent increase in document fraud in 2022. Such a number doesn't come as a surprise to Inscribe fraud analyst Daragh McMeel. A rise in fraud rates often occurs when the economy travels an uncertain and difficult path.
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Experian's fraud prevention data network, in existence since 1991, will be available for use in North America later this year.
Insights have found the switch to more digital transaction since the start of the COVID-19 pandemic show that individual and organizational risk is even greater now.
Fraud is rising, and with real-time payments taking an ever greater hold of the financial system, faster ways to combat are needed.
In this episode we talk with the CEO and Co-Founder of Sardine, Soups Ranjan, about fraud prevention. He discusses the trends in fraud attacks today and how fintechs can prepare themselves in their battle with fraudsters.