Effective Fraud Management Needs a Digital and Centralized Strategy

Prepare your blueprint for an effective Fraud Management strategy for Banks & FIs

With rapid adoption of technology in Banking and Financial services industry, more people are embracing digital banking in different forms like online account opening, P2P payments, mobile payments, and digital wallets. The rise of neobanks that reside entirely in the online/digital space has disrupted the way in which banking is done.

While digital banking has contributed to making banking transactions convenient for customers, it has also led to an increase in digital banking frauds. These include phishing, synthetic identities, stolen identities, business email compromise, and account takeover.

The crisis rendered by the pandemic has given fresh impetus to fraudsters to take advantage of accelerated digital banking and dupe people online by exploiting their fears and vulnerabilities.

Read this white paper to know about:

  • Centralized and digitalized fraud management strategy
  • A blueprint for effective fraud management solutions
  • What constitutes an all-inclusive approach to fraud management by systems integrators

Partner with us to combat frauds and counter risks.