The Impact of FinTech Fraud and How to Avoid It
To combat FinTech fraud, firms need to use effective strategies and take active measures. Taking a holistic and proactive approach to preventing FinTech fraud can strengthen digital financial systems and protect against evolving fraud tactics.
They may use advanced technologies like AI, machine learning, and Blockchain. These technologies can help manage risks, along with strong system security protocols and proactive risk management practices.