Unit21’s State of Fraud and AML Report Finds Scams Continue to Strike, While Real-Time Monitoring Shows Real Potential

Unit21 announced its 3rd annual State of Fraud & AML report. The report provides a unique view into the current and future impacts of fraud and AML across banks, credit unions, & fintechs. Data shows scams (14% report a 50% increase in scam detection) and check fraud (30% of banks reported an alarming 25-75% increase) are taking their toll on investigative teams, while solutions such as real-time monitoring show promise (51% saw improvements). Read the full report: https://hubs.li/Q02W28qX0