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Tyler Driscoll

AI’s role in fighting global payment fraud [Part 1]

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Payments & Fraud - The Modern Reality

Every day, billions of digital payments move globally with little friction. Behind this convenience lies a constant legal and operational challenge: fraudsters need to succeed once; banks must succeed every time. Payment fraud is now a systemic risk to the financial ecosystem, not a marginal issue.

Fraud at Scale - The Numbers Matter

Recent data shows the scale of the threat. In the UK, nearly 1 in 5 people report being scammed within a year. In the US, fraud losses exceeded $12bn in 2024. These figures underline why fraud prevention is now a board-level and regulatory priority. 

Protect Consumers - Enable Compliance - Build Trust

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