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COVID-related fraud spike pushes banks, fintechs to innovate

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Share The COVID-19 pandemic has accelerated the move toward digital banking platforms, but this has come with an increased risk for fraud. The percentage of risky worldwide transactions in the financial services industry increased by 11% since early March, according to a recent TransUnion study. “The lockdown has forced people to use digital banking channels …Read More

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Source: https://bankinnovation.net/allposts/biz-lines/retail/covid-related-fraud-spike-pushes-banks-fintechs-to-innovate/

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