Featurespace - The State Of Fraud And Financial Crime In The U.S. - September 2022 - Explore fraud's rising tide and why many executives are waiting before implementing solutions

The State of Fraud And Financial Crime In the U.S.

62% of Large Banks Report Increases in Financial Crime

According to a survey of 200 executives at FIs with over $5B in assets for PYMNTS’ new report “The State Of Fraud and Financial Crime In The U.S.,” a collaboration with Featurespace, even though nearly two-thirds of FIs reported an increase in financial crime versus a year ago, some executives hesitate to implement new solutions that could help fight back.

Inside the September Report

  • 25%: Share of FIs with $500 billion or more in assets that perceive fraud’s new sophistication as a barrier to data security
  • $120M: Average cost of digital payments misuse for FIs last year
  • 95%: Portion of AML executives who highly prioritize innovative solutions for fraud-fighting

    By completing this form, you agree to receive marketing communications from PYMNTS and consent to the sharing of your information with our sponsors, where applicable, in accordance with our Privacy Policy and Terms and Conditions. Sponsors may use this information to contact you directly. You may update your preferences or withdraw your consent at any time.

    to our daily newsletter, PYMNTS Today.

    AML and Fraud Prevention