Banks and online retailers - FinTecBuzz

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FinTecBuzz

Banks Can Boost Fraud Detection 10x+ Than Through Better Collaboration

Banks Can Boost Fraud Detection 10x+ Than Through Better Collaboration

November 21, 20247 min

Just one in four (27%) financial service and online retail businesses in EMEA currently employ consortia or fraud insight exchange initiatives Top US card issuer combined digital identity, email and physical data to boost high-risk transaction detection by a factor of 23 Banks and online retailers can significantly improve their ability to capture hard-to-detect high-risk fraudulent transactions through combining shared fraud intelligence into their risk assessments, according to the latest Global State of Fraud and Identity Report from LexisNexis® Risk Solutions. Examples include a...

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