The economic bounce-back from 2020 continues apace in the financial technology sector, judging by investors’ behaviour.
APAC is a unique market where consumers are being tricked into downloading fraudulent apps and then scammed out of their money. In this region 1 in 5 app installs is fraudulent. The dollars associated with this activity is significant. AppsFlyer has estimated that the cost of app install fraud globally in the first half of 2020 was US $1.6 billion. Asia-Pacific accounts for a whopping 60% of this total figure — with the financial exposure of fraud in the region estimated to be US$945 million, up 45% from 2019’s US$650 million.
Download the full whitepaper to learn how to make your machine learning selection as informed as possible.
Brought to you by
Every year, Feedzai’s risk management platform scores trillions of dollars of transactions to protect the world’s largest companies. Fully AI-enabled to stay ahead of emerging financial crime and money laundering patterns, Feedzai mitigates even the most deceptive criminals so that banks, issuers, acquirers, and merchants can focus on growth.
Complete to Download the full whitepaper