80% of Asian financial institutions face significant challenges in digital fraud detection, per a study by GBG and Chartis Research.

80% of Asian financial institutions face significant challenges in digital fraud detection, according to a study by GBG and Chartis Research, highlighting the need for a balance between security and customer experience as digital adoption increases. To address this, 88% of respondents already have a consolidated platform to reduce risk exposure to potential fraud and financial crimes, while 68% plan to invest in machine learning and artificial intelligence technologies by 2025-26 to improve fraud detection efficiency.

July 31, 2024
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