Cover for the PYMNTS and NCR May/June 2023 “Digital-First Banking Tracker: Stopping Bank Fraud With Cybersecurity Solutions”

Banks Aim AI at Fraud Management But Need Help

Stopping Bank Fraud With Cybersecurity Solutions

Six in 10 banks plan to increase their IT spending on fraud management in 2023, including cutting edge solutions to help with push payments fraud. But with 70% lacking the AI capabilities to keep up with larger competitors, they realize that they may not be able to go it alone. Read more in the “Digital-First Banking Tracker®,” a collaboration with NCR.

Inside the May/June Tracker

  • Shimon Steinmetz, CFO at fraud prevention firm Vesta, explains why the fraud landscape has shifted toward card-not-present schemes.
  • More than 58% of consumers trust their primary banks to vault their payment credentials.
  • PYMNTS details the most effective solutions banks can leverage to prevent cybercrime and its associated lost revenue.

    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.

    Digital-First Banking