Fintech fraud & compliance benchmark report

As investments in fintech companies continue to grow, they are pressured to scale and acquire customers quickly. To do so, they need to effectively manage risk and compliance out of the gate. Easier said than done.

From scaling up personnel to investing in the right types of technology, fintech companies have a lot to consider when building out a KYC/AML compliance and fraud strategy.

In Alloy’s survey “The Fintech Fraud & Compliance Benchmark Report”, conducted in partnership with Pulse, we explore the views of 100 fintech leaders on how their organizations are tackling these challenges.

Key findings from the survey include:

• Data security and compliance top the list of executives’ biggest business challenges
• 92% of companies have increased or plan to increase resources spent on fraud prevention
• 37% of executives who bought fintech software invested in a fraud, risk & KYC management solution

Read on to understand the measures these companies are taking to stay ahead of the threat and how your strategy stacks up against your peers.