The Path to FinTech Profitability Must Be Fraud-Proof

Threat of Deepfakes Drives Two-Thirds of FinTechs to  Boost Fraud Budgets With rising FinTech fraud and convincing deepfakes threatening their bottom lines, more than two in three FinTechs plan to expand their budgets to deploy tech that can detect true human liveness, as discussed in the latest PYMNTS “FinTech Tracker®,” a collaboration with Sezzle.
Inside the July Tracker
  • Despite their expertise in cutting-edge technology, FinTechs are far from invulnerable to fraud attacks.
  • Card fraud rose 26% in 2022, with 75% of losses to U.S. lenders resulting from phishing scams.
  • As fraud schemes mutate alongside — and enabled by — technology, FinTechs are bearing the brunt of risks. They need swift and dynamic solutions.

    First Name*

    Last Name*

    Title*

    Company*

    Country*

    Work Email*

    BY COMPLETING THIS FORM, I HAVE READ AND ACKNOWLEDGED THE TERMS AND CONDITIONS.

    Sezzle FinTech Tracker Series

    Beyond the Headlines: Understanding BNPL’s Impact on Consumers
    The FinTech-Bank Relationship Shifts Toward Collaboration
    FinTechs' Role in Improving Access to Lending Services
    The Bursting FinTech Bubble Places Primacy on Profitability: The BNPL Issue