ADAM DAVIES
GRIGORY YUSUPOV
DORIEL ABRAHAMS
ROUNDTABLE PANELISTS
ADAM DAVIES
VICE PRESIDENT OF PRODUCT MANAGEMENT
FICO
GRIGORY YUSUPOV
REGIONAL DIRECTOR UK AND REST OF THE WORLD ( ROW )
IDNOW
DORIEL ABRAHAMS
PRINCIPAL TECHNOLOGIST
FORTER
FRAUD RATE INCREASES
• UK Finance reported £ 1.2bn losses through payments fraud in 2023
• In 2023 , UK Finance sent out 427 fraud-related alerts to the industry , disseminating over 2 million compromised card numbers
• Over 2.9 million cases of fraud were reported in total in the UK in 2023
Source : UK Finance
Today , fraud is among the leading pain points for financial services institutions and consumers alike . As new AI-led technologies help drive innovation in the sector , so too do they give fraudsters the tools to carry out their malicious aims .
In this roundtable , we speak to industry experts on ways fintechs can stay at the cutting edge of cybersecurity innovation amid rampant , rising fraud rates .