Tag: Juniper Research
Revolutionizing digital onboarding: AI’s role in saving banks $900m by 2028
A new report from Juniper Research, a leader in FinTech and payment market analysis, has found that by 2028 the application of AI in identity verification will dramatically reduce the average digital onboarding check time from over 11 minutes in 2023 to under 8 minutes.
AI-driven attacks trigger a surge in global online payment fraud losses
Juniper Research projects global losses from online payment fraud will exceed $362bn over the next five years.
Digital identity apps to nearly double in four years
The total number of digital identity apps in use will exceed 4.1 billion globally by 2027, nearly doubling from 2.3 billion in 2023.
Financial crime prevention spend to exceed $28bn by 2027
Global software spend on financial crime prevention tools will exceed $28.7bn by 2027, up from $22.1bn in 2023, Juniper Research claims.
AI-powered financial fraud detection spend to hit $10bn
AI-powered financial fraud detection spending will exceed $10bn by 2027 as firms try to cope with increasingly complex attacks, according to a report from Juniper Research.
Travel and expense management fraud to rise, as will fraud
Total revenue generated by travel and expense (T&E) management is expected to reach $16bn by 2027, rising from $8.7bn in 2022.
Online payment fraud losses to exceed $343bn over next 5 years
Global online payment fraud losses are expected to exceed $343bn over the next five years, according to Juniper Research.
Biometric authenticated mobile payments to reach $1.2trn value
The global value of biometrically authenticated remote mobile payments are expected to reach $1.2trn by 2027, rising from $332bn in 2022, according to new findings from Juniper Research.
Mobile operators to generate $27bn through multi-factor authentication
Mobile operators will generate $27bn from SMS messages related to multi-factor authentication in 2022, an increase from $25bn in 2021, according to a study from Juniper Research.
Ad fraud loss to reach $68bn in 2022
The value of digital advertising spend lost to fraud is expected to reach $68bn globally this year, a report from Juniper Research claims.
