Banking industry suffered $2.2 billion in fraud losses in 2016
Losses due to fraud in the banking industry rose to $2.2 billion in 2016, up 16 percent from 2014
Bank customers lose half a billion pounds to scams in 2018
The total amount stolen in purchase scams was £19.4m across 21,483 cases. Investment fraud resulted in £20.9m of losses
AI-Based Fraud Detection in Banking
Banks can use predictive analytics-based fraud detection software to detect fraud
Fraud Prevention and Detection
Prevent bank account fraud, maintain a strong AML program and strengthen your bank’s risk management with our bank risk mitigation software