Fintech Insider Podcast by 11:FS cover image

916. Insights: How fintech can fight back against the fraudsters

Fintech Insider Podcast by 11:FS

CHAPTER

Fraud in the Digital Age

This chapter examines the growing challenges of fraud within the financial technology sector, driven by the rise of online transactions and the emergence of challenger banks. It discusses how rapid advancements in technology, particularly AI, empower fraudsters, while businesses struggle to keep up with these evolving threats. The chapter also explores the UK’s vulnerability to fraud, highlighting its affluent market and low prosecution rates that make fraudulent activities increasingly appealing.

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