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Financial Services in the Twenty-First Century - The Present System and Future Developments in Fintech and Financial Innovation | John JA Burke


Financial Services in the Twenty-First Century
The Present System and Future Developments in Fintech and Financial Innovation
Authors:
Covers the three new technological concepts profoundly altering the global financial system: Fintech, Blockchain, and Artificial Intelligence
Explains cryptography and digital currency
Discusses trends likely to reshape the global financial system in the 21st century
Offers an international approach
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Cost of Fraud in Asia-Pacific Markets is High According to LexisNexis Risk Solutions Study


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Verifying Identity and Determining Transaction Origination are Common Challenges Across Australia, Hong Kong, Japan and India
HONG KONG, July 6, 2021 /PRNewswire/  LexisNexis® Risk Solutions today released its 2021 True Cost of Fraud™ APAC Study covering the retail, ecommerce, financial services and lending sectors for Australia, Hong Kong, India and Japan. The study provides a snapshot of fraud trends in the Asia Pacific (APAC) region during the pandemic and spotlights key pain points for firms in relation to navigating new payment mechanisms, transacting through online and mobile channels and expanding internationally.
The cost of fraud for retail, ecommerce and financial institutions in the surveyed markets is high. ....

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iTWire - Cost of Fraud in Asia-Pacific Markets is High According to LexisNexis Risk Solutions Study


Verifying Identity and Determining Transaction Origination are Common Challenges Across Australia, Hong Kong, Japan and India
GUEST RESEARCH:  LexisNexis® Risk Solutions today released its 2021 True Cost of Fraud™ APAC Study covering the retail, ecommerce, financial services and lending sectors for Australia, Hong Kong, India and Japan. The study provides a snapshot of fraud trends in the Asia Pacific (APAC) region during the pandemic and spotlights key pain points for firms in relation to navigating new payment mechanisms, transacting through online and mobile channels and expanding internationally.
The cost of fraud for retail, ecommerce and financial institutions in the surveyed markets is high. The LexisNexis Fraud Multiplier™ – the total amount of loss a firm occurs based on the actual U.S. dollar value of a fraudulent transaction – shows the cost per transaction is $3.51 in Australia; $3.61 in Hong Kong, $3.87 in Japan and $3.84 in India. All four countries ....

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