Creating a digital portrait to prevent omnichannel fraud

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As identity fraud losses continue to escalate across the financial services industry, new vulnerabilities for financial institutions and opportunities for fraudsters arise. Providers and their vendor-partners need to develop innovative solutions to protect against financial criminals that take advantage of gaps between toolsets

of the world’s most innovative companies are our clients or partners

$1.3K

40M

$43B

Global reach to scale

with your growth and expansion into new markets

Identity Fraud Affects Millions of Consumers

57 countries, world-class client care

Organized criminal activity is systematically targeting multiple verticals to evade detection

$2.2T

processed

in account takeover fraud (ATO) losses

11B

in transactions

48.6B

global acquirer

225 markets* globally

across aproximately

300 payment methods

As financial service providers make consumers whole again, the cost directly affects financial institutions, credit card issuers and payment industry businesses.

135 local currencies

in nearly

Processing for:

7 of the top 10 global retailers 8 of the top 10 global airlines 9 of the top 10 global internet companies

of the

Serving

top 10 world's largest merchants

FIS Wealth services more than

$ trillion

Checking and savings accounts and credit cards are consistently favored by criminals, while merchant accounts represent new opportunities to order high-value goods for resale or personal gain.

Merchant accounts

Checking and savings accounts

$4.3T in global assets

Credit cards

annually

We support

$3T globally

FIS Retirement services more than

Most consumers accept their data, such as mobile device IDs and geolocations, being used to keep their personal financial accounts safer.

Successful fraud prevention requires a combination of technology and automation. Get expert recommendations for combatting omni-channel fraud in our white paper.

95% of the world's crypto exchanges

Source: “Creating a Digital Portrait to Prevent Omnichannel Fraud,” Javelin, 2023

90%

of consumers are neutral or comfortable with the usage of their data for fraud prevention

81%

top 50 73 countries, globally

of the largest insurance companies, with clients in

71%

of the world’s largest private equity firms

$ .3T

$ B

combined identity fraud victims

in total identity fraud losses

average identity fraud loss per victim

Criminals Focus on Funds & Merchandise in ATO Targets

Consumers Accept Data Usage for Fraud Prevention

account-based fraud continues to be a major problem