FinCrime Insights: Payment Fraud Reports
Delve into Financial Crime Prevention: Insights, trends, and strategies for the banking sector
Purpose of the Reports
Fraud poses a significant threat that extends beyond financial losses, impacting trust and integrity within communities and institutions. This report highlights the current landscape of fraud, identifying key trends, emerging threats, and best practices in prevention and mitigation.
What You Will Learn
Predicted Fraud Trends
Discover what the future holds for fraud methods and how to prepare. This section delves into emerging trends in fraud, including the rise of sophisticated techniques that criminals are likely to adopt. By understanding these trends, banks can proactively implement measures to counteract potential threats. The insights provided will help decision-makers strategize effectively to safeguard their institutions against evolving fraud tactics.
Key Fraud Statistics
Gain insights into the latest statistics on fraud incidents and their impact on the banking sector. This section presents key data points that highlight the prevalence and financial implications of fraud within the industry. Understanding these statistics will help banks recognize the urgency of addressing fraud and the necessity of investing in prevention strategies. The data will also provide benchmarks for evaluating the effectiveness of current fraud prevention measures.
Fraud Prevention Strategies
Access effective methods to protect from fraud. This section outlines best practices and proven strategies for mitigating fraud risks, including advanced transaction monitoring and customer education initiatives. By implementing these strategies, banks can enhance their defenses against fraud and build trust with their customers. The report will also provide case studies showcasing successful fraud prevention implementations by leading banks, offering practical insights for your institution.
Delve into the Reports
Learn more of Financial Crime Prevention
Financial Crime Prevention is fighting the rising tide of financial crime by comprehensive software solutions in Fraud Prevention, Anti Money Laundering, and Identity. We offer flexible, wide-ranging services and tools tailored for the needs of banks and financial institutions.
The Defence Centre is a premier provider of financial crime prevention services in Scandinavia and Europe, serving over 80 clients. With more than 25 years of experience in transaction monitoring, we offer a fully managed fraud prevention solution for card and account transactions. Our dedicated team of over 70 experts works around the clock to detect and prevent digital payment fraud, utilizing simultaneous real-time monitoring across multiple channels. We deliver powerful financial crime prevention through customized, high-quality managed services tailored to meet the unique needs of our clients.
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Explore our solutions
Our Financial Crime Prevention services are designed to empower banks and financial institutions in their fight against financial crime. By integrating advanced technology and industry expertise, we provide real-time solutions that enhance security throughout the customer journey. Our offerings not only help detect and prevent fraud but also ensure compliance with regulatory standards, allowing institutions to focus on their core operations while we manage their financial crime risks effectively. With customizable options available, we adapt our services to meet the unique needs of each client, ensuring a robust defense against evolving threats.
Our insights
The Age of Money Mules is Trending Younger
– We are now identifying a growing number of money mule cases, states Silje Andrea Kvernberg, who specializes in transaction monitoring at Tietoevry Defence Centre.
Tietoevry Banking Defence Centre: Combating financial fraud together
Criminals now generate more income from financial fraud than from drug trafficking. Learn more about how we are safeguarding your finances from fraud
Strengthening the frontline - Voices of support
They manage over 5,700 calls each week, and their voices can make the crucial difference between safety and disaster.
Sparebanken Sør's Proactive Fraud Mitigation Efforts Save Millions
Sparebanken Sør's deployment of the advanced Account Fraud Monitoring (AFM) solution by Tietoevry Banking has dramatically reduced successful fraud attempts between accounts.
Joint efforts against financial crime
At Tietoevry Banking, we take an active approach to our memberships on financial crime prevention organizations. We do not just listen – we engage, contribute, and learn.
André Moen Eide: Continually outsmarting the world's scammers
André and his colleagues at Tietoevry Banking in Mo i Rana are on duty around the clock to prevent you, me, and millions of card users worldwide from being scammed.
At Tietoevry, we believe it’s time to shift perspective. It’s not about what technology can do anymore — but what it should. So that the futures of businesses, societies, and humanity can live and thrive. Side by side.
