Feedzai Q3 2021 Financial Crime Report
Accelerating the Shift to a Cashless Society
Consumers worldwide made a hard pivot to both online banking and shopping because of the COVID-19 pandemic. And all signs indicate they’re not planning to go back. Pandemic-driven lockdowns have helped to usher in a cashless era.
Digitization allows fraudsters to scale their operations. The Feedzai Q3 2021 Financial Crime Report – based on exclusive data from over 1.5 billion global transactions – takes a closer look at how both consumer and fraudster habits are changing. The findings include:
149%
Increase in P2P Payments
48%
Decrease in cash transactions
109%
Increase in online transactions
