Digital Banks Saw The Highest Fraud Peak in 2024 – Report

In 2024, Digital Banks experienced an unprecedented surge in fraud, marking the highest peak to date, according to Smile ID’s 2025 Digital Identity Fraud in Africa Report. The report which is based on a comprehensive and anonymized analysis of over 110 million identity checks, revealed that digital banks recorded increased fraud, reaching 35%, surpassing the [...]The post Digital Banks Saw The Highest Fraud Peak in 2024 – Report appeared first on Tekedia.

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