Are You Prepared to Stay Ahead of Financial Crimes Disruption?

Financial crime is increasing at an unprecedented rate with an estimated $2 trillion laundered each year, while $56 billion in fraud losses occurred in 2020 alone. Financial crimes continue to become more sophisticated, and losses are predicted to get worse. Online payment fraud loss is expected to grow 50% in Europe by 2024. Traditional methods of mitigating fraud are no longer effective to combat today’s complex fraud schemes. With financial services firms focused on the challenges presented by this complex environment, their ability to respond to financial crime threats is not keeping pace with the sophistication and number of attacks.