The State of Fraud and Financial Crime

Combatting fraud and financial crime starts with understanding the size and shape of the challenge. But with a lack of standardized reporting to analyze fincrime trends, financial institutions in the U.S. have struggled to outsmart fraudsters and criminals. 

For the first time, financial institutions now have the fraud and financial crime trends data they need to win the fight to make the world a safer place to transact. Featurespace partnered with PYMNTS to create the most trusted benchmark of financial crime and fraud challenges, trends and prevention performance, by the industry, for the industry.  

We interviewed Executives in 200 U.S. financial institutions to create the first ever benchmark for volume and value of fraud and financial crime, using the FraudClassifier model from the Federeral Reserve to ensure accurate and relevant data.