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The rise of instant payments: protecting consumers from criminals in 10 seconds

July 1, 2024


While these tectonic shifts have immensely benefited consumers in terms of convenience and speed, they have also inevitably created opportunities for criminals to commit financial fraud and launder money quicker, with much less friction.

As consumers around the world are looking for faster and more convenient ways to make payments – both domestic and cross-border – how can financial institutions strike a balance between speed and safety to meet consumer demands while preventing fraud and crime?

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