FinTech Magazine February 2024 | Page 93

some of the other “ active players ” in the ecosystem , he adds .
“ Really effective fraud prevention takes collaboration and accountability across every player in the ecosystem ,” concludes Kletter . “ That includes fintech firms alongside big tech , traditional banks and , of course , payments providers – and I do think that responsibility is imbalanced right now .
“ I ’ d like to see regulators focusing on different types of fraud prevention to help drive momentum in the areas where we see growing risks .”

“Really effective fraud prevention takes collaboration and accountability across every player in the ecosystem ”

OMRI KLETTER VP , RISK SOLUTIONS , BOTTOMLINE fintechmagazine . com 93