As the digital world continues to dominate the banking industry, concerns about data security and privacy are coming to the forefront. As algorithms become more advanced, building a profile based on users data, and identifying abnormal transactions that could indicate fraudulent activity. This has led to concerns about privacy, as individuals feel like they are constantly being monitored.
by Carol Chris | Dec 12, 2022 | FinTech
First party fraud is not a novel concept or challenge for financial institutions. However, due to a unique blend of market forces and downwards pressures on Australians, it is likely to undergo a significant evolution over the next 12 months. To successfully manage and mitigate the risks of first party fraud, fintechs need to understand what motivates...
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