
In terms of stopping fraud, banks and different monetary establishments have their work minimize out for them. Not solely is monetary fraud on the rise, however it’s additionally getting tougher and dearer to cease because the funds trade continues to diversify by embracing real-time transactions.1
In keeping with reporting within the ABA Banking Journal, assaults on banks elevated 17% per thirty days between 2020 and 2021.2 In the identical timeframe, prices rose from $3.64 per greenback misplaced to $4.00. Labor and investigative prices make up a considerable portion of those losses. With yearly fraud losses within the a whole lot of billions and rising worldwide, these per-dollar prices can minimize revenue margins considerably.

It’s because most monetary establishments nonetheless depend on extremely educated analysts to identify fraud. With extra real-time transaction processing simply on the horizon, it can turn out to be not possible for these analysts to



In this episode of the Duct Tape Marketing Podcast, I interview Tom Peters. Tom is