Global real-time payments transaction volume was valued at more than USD $100 billion in 2022, and is expected to grow at 35% CAGR. Today, 61% of direct deposit accounts can access the RTP network, indicating widespread adoption among businesses and consumers. While RTPs are a big opportunity for everyone, faster payments also make common fraud schemes more successful, putting consumers and businesses at risk for schemes including Account Opening fraud, ATOs Authorized push payment fraud, Money Mules and AMLs.
Traditional technology solutions are fragmented, reactive, and lack real-time detection, making it difficult for financial institutions and fintechs to maintain and demonstrate compliance. Join our expert panel to hear how real time payments are changing the risk landscape, how leaders can be prepared, and a roadmap for preparing for RTP. The discussion includes:
- How can business leaders maximize opportunity and minimize risk?
- How can fraud leaders prepare for real time payments?
- What are the potential regulatory compliance issues?
- What technologies can address risks arising out of real time fraud?
