Discover how banks are using multi factor authentication and behavioral analytics to keep customers safe this holiday season, Modern Banking Ecosystem Playbook December 2021

Modern Banking Ecosystem

Banks And Merchants Tap Behavioral Analytics, Deep Learning To Keep Holiday Fraud In Check

Scammers are selling in-demand items at sky-high prices and even creating fake websites to cash in on supply chain challenges this holiday season. PYMNTS’ Modern Banking Ecosystem Playbook, a Featurespace collaboration, explores how banks and merchants can safeguard their customers from fraud with the help of emerging tech such as behavioral analytics and deep learning tools.

Inside the December Playbook

  • 87%: Share of U.S. consumers who plan to make at least some holiday shopping purchases online
  • 41%: Portion of businesses that have faced supply chain challenges during the past 18 months
  • 75%: Share of consumers who report that they have lost money to cybercriminals in online purchase scams

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    AML and Fraud Prevention