How Open Banking Leaves No Room for Fraudsters

Fraud is on the rise with reports of cyberattacks becoming commonplace. A recent survey found that 76% of Accounts Payable leaders had experienced payment fraud in the past year. Open Banking represents a powerful weapon in the arsenal against fraud. In this session, speakers examine how data analysis can be a strategic tool to identify suspicious activity before fraudsters have time to cause havoc. Panelists explore the transformative potential of Open Banking and how it can empower more than just reactive security measures while simplifying transactions to enhance customer experience. They will also discuss innovations made possible by Open Banking that build trust through secure and familiar networks facilitated by APIs. Attendees gain invaluable insights into how to adapt and capitalize on new opportunities to future-proof their business in today’s rapidly evolving B2B payments ecosystem.