Together, they will unveil the Annual Fraud Report 2024, a thorough examination designed to prevent fraud and protect customers in the UK's banking and financial sector.

With the use of priceless data from UK Finance's vast network and Feedzai's proficiency in artificial intelligence and financial crime prevention, an informative investigation into fraud patterns impacting the UK may be conducted. The report claims to provide a thorough analysis of fraud incidents, estimating losses and highlighting new dangers. This collaboration highlights Feedzai's reputation as a dedicated partner in the battle against financial crime, collaborating closely with top trade associations.

"We are pleased to be trusted by UK Finance once again to be their partner in delivering the Annual Fraud Report, which underscores our commitment to working at the forefront of this space alongside the most reputable partners and trade bodies," said Pedro Barata, Chief Product Officer at Feedzai, highlighting the significance of this collaboration. The study is an invaluable tool for professionals in the banking and financial services sector seeking a comprehensive understanding of the fraud landscape, as financial crime is always changing.

In agreement, Lee Hopley, UK Finance's Director of Economic Insight and Research, emphasized the significance of the report in the continuous fight against financial crime. The growing problem of financial fraud is highlighted in our Annual Fraud report, and we are excited to work with Feedzai again for another year. Our Annual Fraud Report serves as a crucial benchmark for assessing the effectiveness of the continuing campaign against financial crime, and Feedzai's industry expertise and fresh perspective will enhance the report and make it a useful tool for the sector.

The report for this year is more than just an annual update; it's a monument to the way financial crime is changing and the unwavering efforts of leaders in the field to stay one step ahead of offenders.

With the use of UK Finance's reliable data and Feedzai's AI-driven insights, the Annual Fraud Report 2024 seeks to provide financial professionals with the knowledge they need to safeguard customers and the integrity of the financial system.