Connect with us

Technology

Fraud Detection and Prevention (FDP) in BFSI Market worth $15.06 billion by 2031 – Exclusive Report by MarketsandMarkets™

Published

on

DELRAY BEACH, Fla., July 29, 2026 /PRNewswire/ — According to MarketsandMarkets™, the global Fraud Detection and Prevention in BFSI Market is projected to grow from USD 7.78 billion in 2026 to USD 15.06 billion by 2031, at a CAGR of 14.1% during the forecast period.

Browse 350 market data Tables and 50 Figures spread through 300 Pages and in-depth TOC on ‘Fraud Detection and Prevention (FDP) in BFSI Market – Global Forecast to 2031’

Fraud Detection and Prevention (FDP) in BFSI Market Size & Forecast:

Market Size Available for Years: 2020–20312025 Market Size: USD 6.92 billion2026 Market Size: USD 7.78 billion2031 Projected Market Size: USD 15.06 billionCAGR (2026–2031): 14.1%

Fraud Detection and Prevention (FDP) in BFSI Market Trends & Insights:

The market is gaining momentum due to rising financial fraud losses, increasing digital transactions, and a stronger regulatory focus on fraud prevention.By offering, solutions are projected to dominate the market with a share of 80.2% in 2026.By solution, authentication is expected to grow at the fastest rate with the CAGR of 14.7%.By organization size, SMEs are estimated to have the highest CAGR of 15.7% during the forecast period.By fraud type, the identity fraud segment is projected to lead in terms of growth rate.By region, North America is projected to have the largest market share in 2026.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=100349527

The expansion of digital banking and real-time payment ecosystems is increasing the need for advanced fraud prevention capabilities, while the growing adoption of digital identity and behavioral authentication is enhancing transaction security. Financial institutions are increasingly integrating behavioral biometrics and identity intelligence into fraud detection platforms to continuously verify user legitimacy throughout digital interactions. Mastercard’s AI-powered Scam Protect portfolio reflects this shift toward identity-centric fraud prevention.

Based on solution, the fraud analytics segment accounts for the largest market size.

Fraud analytics is expected to hold the largest market share in the FDP in BFSI market during the forecast period, owing to the increasing need for real-time analysis of high-volume financial transactions across banking, payments, lending, and insurance. Financial institutions are leveraging AI, machine learning, and behavioral analytics to identify anomalous transaction patterns, reduce false positives, and detect sophisticated fraud schemes before financial losses occur. The growing adoption of instant payments and digital banking further reinforces demand for advanced fraud analytics platforms that provide continuous risk assessment and actionable insights. For example, SAS Fraud Management enables financial institutions to combine predictive analytics and machine learning to detect and prevent fraud across multiple payment channels in real time.

Request for Proposal: https://www.marketsandmarkets.com/requestsampleNew.asp?id=100349527

By fraud type, the identity fraud segment will grow at the highest CAGR during the forecast period.

Identity fraud is expected to register the fastest growth in the FDP in BFSI market during the forecast period, driven by the rapid rise in digital banking, remote onboarding, and AI-enabled impersonation attacks. Fraudsters are increasingly exploiting stolen credentials, synthetic identities, deepfakes, and account takeover techniques to bypass traditional authentication methods, prompting financial institutions to strengthen identity verification and continuous authentication capabilities. As a result, banks and insurers are investing in advanced identity-centric FDP solutions that combine biometrics, behavioral analytics, and AI-based risk assessment to detect fraudulent identities in real time. According to TransUnion, suspected digital account takeover fraud increased by 37% between 2024 and 2025, highlighting the growing need for stronger identity fraud prevention capabilities.

By use case, the insurance segment is expected to grow at the highest CAGR during the forecast period.

Insurance is expected to register the fastest growth in the FDP in BFSI market during the forecast period, driven by the increasing frequency of fraudulent claims, identity theft, and AI-enabled document and image manipulation. The growing adoption of digital policy issuance and claims processing has expanded opportunities for fraud, prompting insurers to invest in AI-powered fraud detection, behavioral analytics, and automated claims verification. These solutions help identify suspicious claims, reduce investigation time, and improve claims accuracy while minimizing operational costs. According to the National Insurance Crime Bureau (NICB), insurance fraud linked to identity theft is projected to increase by 49% in 2025, reinforcing the need for advanced FDP capabilities across the insurance sector.

Request Pricing: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=100349527

Top Companies in Fraud Detection and Prevention (FDP) in BFSI Market:

The Top Companies in Fraud Detection and Prevention (FDP) in BFSI Market are FIS Global (US), Fiserv (US), TransUnion (US), LexisNexis (US), ACI Worldwide (US), Experian (Ireland), SAS Institute (US), NICE Actimize (US), BioCatch (US), Feedzai (US), RSA Security (US), Equifax (US), SIFT (US), DataVisor (US), IBM (US), GBG (UK), Featurespace (UK), XTN Cognitive (Italy), PIPL (US), JuicyScore (UAE), Amani Technologies (UAE), Cleafy (Italy), Alpha Group (Italy), and FUGU-IT (Israel).

Browse Adjacent Markets: Information Security Market Research Reports & Consulting

Related Market Reports:

Fraud Detection and Prevention (FDP) Market by Fraud Type (Identity, Payment, Insider, Investment), Offering (Solutions (Fraud Analytics, Authentication, and GRC) and Services), Vertical (BFSI, Healthcare, Retail), and Region – Global Forecast to 2031

Anti-money Laundering (AML) Market by Offering (Solutions (KYC/CDD & Sanctions Screening, Transaction Monitoring, Case Management & Reporting)), End User (Banks & Financial Institutes, Insurance, Gaming & Gambling), and Region – Global Forecast to 2030

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

MarketsandMarkets™ SalesPlay is an AI-driven Revenue Intelligence Co-Pilot designed to help revenue teams prioritize the right accounts, identify critical changes early, and surface opportunities ahead of demand, so pipeline builds naturally and deals close with greater consistency.

To find out more, visit www.MarketsandMarkets™.com or follow us on TwitterLinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/fraud-detection-and-prevention-in-bfsi.asp

 

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/fraud-detection-and-prevention-fdp-in-bfsi-market-worth-15-06-billion-by-2031—exclusive-report-by-marketsandmarkets-302837517.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Net at Work Acquires Kinzit, Further Growing Its Managed Services Expertise

Published

on

By

Strategic acquisition adds top-level talent and strong client relationships

NEW YORK, July 29, 2026 /PRNewswire/ — Net at Work, a leading North American provider of technology solutions and managed services for small- and mid-sized businesses, has announced the acquisition of Kinzit Technologies, a managed services provider (MSP) and cybersecurity firm. The acquisition further enhances Net at Work’s ability to deliver advanced technology solutions that help businesses drive operational efficiency.

For more than a decade, Kinzit has successfully delivered managed IT services to the healthcare, nonprofit, and construction industries. Kinzit’s employees will join Net at Work and continue to serve their existing clients while gaining expanded career growth opportunities. Kinzit clients will benefit from access to a broader suite of applications that will optimize workflows and support business growth.

“With a strong reputation for performance-driven operations and a service-oriented approach, Kinzit is a highly respected name within the MSP industry,” said Co-Founder and Co-CEO Alexander Solomon. “Kinzit’s employees’ deep expertise and client-first mindset will further strengthen our ability to help organizations improve efficiency, simplify IT solutions and maximize return on their technology investments. We are delighted to welcome this talented team and valued clients to the Net at Work family.”

Net at Work, a top-ranked provider on the Channel Futures 2026 MSP 501 List, continues to grow its client roster and bolster its MSP expertise through strategic acquisitions.

“We were drawn to Net at Work as Kinzit’s acquirer because both our companies prioritize client success and developing an expert workforce,” said Kinzit President Ryan Kinsey. “These like-minded business approaches will ensure a seamless transition, and I’m excited about the growth opportunities that Net at Work, as a larger organization with more resources, offers our clients and employees.”

About Net at Work
Founded in 1996, Net at Work is one of North America’s largest SMB technology advisors. Our award-winning consultancy offers a rich portfolio of AI enabled next-generation technology, industry expertise, and services to help organizations derive value from the transformative benefits of technology. Through the integration of ERP, HCM and/or CRM solutions, Net at Work builds unique, industry-specific digital operations platforms that enable companies to compete more effectively in today’s digital economy. For more information, visit www.netatwork.com.

View original content:https://www.prnewswire.com/news-releases/net-at-work-acquires-kinzit-further-growing-its-managed-services-expertise-302837885.html

SOURCE Net at Work

Continue Reading

Technology

PR Newswire Expands AEO & GEO Brand Report to Europe, the Middle East, India and Africa

Published

on

By

Brand-level AI visibility intelligence empowers PR, marketing and investor relations teams to actively command their brand presence across the generative search landscape with a single end-to-end amplification platform.

LONDON, July 29, 2026 /PRNewswire/ — AI-powered search and generative answer engines are rapidly reshaping how audiences discover and evaluate brands. As a result, communicators are increasingly seeking data-driven insights into their organisation’s presence within this evolving landscape. To help global communicators move beyond traditional SEO metrics and take their brand’s AI visibility to the next level, PR Newswire is expanding availability of its AEO & GEO Brand Report to customers in Europe, the Middle East, India and Africa.

Experience the full interactive Multichannel News Release here: https://www.multivu.com/pr_newswire/9405751-en-gb-pr-newswire-expands-aeo-geo-brand-report-to-emeia 

The report, integrated into the PR Newswire Amplify™ platform, provides measurable insights into how AI models reference and position brands, helping customers not only understand their AI footprint but actively shape it through the world’s most trusted distribution network.

Strategic AI Search Insights for Communications Professionals

Powered by Trajaan, a Cision company, the new report captures three distinct categories of data to provide a brand-level view of AI visibility:

Mentions: Measure your brand’s presence in AI-generated answers with a breakdown of share of voice, total mentions, ranking position and trend tracking over time.Sources: Identify the webpages and domains that are being referenced in AI responses about your brand to better understand the sources shaping the narrative.Answers: See real responses showing exactly how large language models (LLMs) are answering questions about your organisation.

“We are thrilled to bring this brand-level AI search intelligence to more customers around the world,” said PR Newswire President Matt Brown. “In an environment where AI models synthesise information from countless sources, the press release remains an authoritative foundation for any campaign. By expanding the availability of the AEO & GEO Brand Report, we’re providing a unique, end-to-end advantage for global brands operating across multiple regions: the ability to see how you are perceived by AI within these markets, and the trusted, multichannel tools to actively strengthen that position.”

Turn AI Insights into Smarter Content Strategy

Launching the new report natively within Amplify allows users to move instantly from identifying an AI visibility gap to closing it via targeted Multichannel Amplification™.

By leveraging PR Newswire’s PR-driven platform alongside Trajaan’s proprietary search intelligence data, communicators can bridge the gap between content creation and algorithmic recognition. The report insights help teams strengthen content planning and strategy, optimise messaging for answer engines and generative engines across multiple content types, and use multichannel distribution strategies that reinforce credibility signals through the world’s largest, most credible distribution network.

The wider availability of the report follows the recent expansion of multilingual campaign support within Amplify, making it the latest example of how PR Newswire is constantly innovating to help communicators around the world both stay ahead of the curve in a fast-moving AI search landscape and reach global audiences with on-brand content that resonates with target audiences.

To learn more about the new capability and other features available in the Amplify Report module, visit https://www.prnewswire.co.uk/amplify-report-module/.  

About PR Newswire

PR Newswire is the industry’s leading press release distribution partner with an unparalleled global reach of more than 500,000 newsrooms, websites, direct feeds, journalists and influencers and is available in more than 170 countries and 40 languages. From our innovative AI-powered PR Newswire Amplify™ platform, award-winning Content Services offerings, integrated media newsroom and microsite products, Investor Relations suite of services, paid placement and social sharing tools, PR Newswire has a comprehensive Multichannel Amplification™ catalogue of solutions to solve the modern-day challenges PR and communications teams face. For more than 70 years, PR Newswire has been the preferred destination worldwide for brands to share their most important news stories.

About Cision

Cision is the global leader in consumer and media intelligence, engagement, and communication solutions. We equip PR and corporate communications, marketing, and social media professionals with the tools they need to excel in today’s data-driven world. Our deep expertise, exclusive data partnerships, and award-winning products, including CisionOne, Brandwatch, PR Newswire, and Trajaan, enable over 75,000 companies and organisations, including 84% of the Fortune 500, to see and be seen, understand and be understood by the audiences that matter most to them.

View original content:https://www.prnewswire.co.uk/news-releases/pr-newswire-expands-aeo–geo-brand-report-to-europe-the-middle-east-india-and-africa-302832581.html

Continue Reading

Technology

Moon Rabbit Appoints Amy Labb as Executive Vice President, Media

Published

on

By

Industry leader to oversee integrated media practice and support agency’s continued growth

NEW YORK, July 29, 2026 /PRNewswire-PRWeb/ — Moon Rabbit, an award-winning independent advertising and media agency, today announced that Amy Labb has joined as Executive Vice President, Media. In this role, Labb will lead Moon Rabbit’s media practice, overseeing strategy, planning, activation, measurement, and performance as the agency continues to expand its client roster and further strengthen its integrated approach to creative and media.

“I believe media has to be part of the conversation from the beginning, helping shape the strategy and creative, not just deciding where the message runs.” — Amy Labb

Labb brings nearly 20 years of experience leading media teams across healthcare and pharmaceuticals, automotive, fintech, alcohol and beverage, consumer packaged goods, and retail. Throughout her career, she has built high-performing teams and helped brands use audience insights and data to drive measurable business outcomes.

“Healthcare was the foundation of my career and taught me how to earn trust. Consumer marketing taught me how to earn attention,” said Labb. “What attracted me to Moon Rabbit was the opportunity to bring those disciplines together. I believe media has to be part of the conversation from the beginning, helping shape the strategy and creative, not just deciding where the message runs.”

Before joining Moon Rabbit, Labb served as executive media director at Merkley + Partners, overseeing integrated media strategy, planning, activation, analytics, and performance measurement for clients including BUILT Protein Bars, LENZ Therapeutics, and Mercedes-Benz. Prior to that, she spent more than eight years at Havas Media, leading media strategy and planning for brands including Keurig Dr Pepper, Klarna, and New York-Presbyterian. Earlier in her career, Labb held roles at MediaVest and UM, where her experience included work with brands such as Heineken USA, Starwood Hotels, Johnson & Johnson Pharma, and BMW.

“Amy understands that the strongest media strategies start with getting close to people,” said John Tenaglia, Managing Director of Moon Rabbit. “She’ll help us continue building a media practice where audience insight fully informs strategy, strengthens creative, and ultimately delivers better bottom-line results.”

About Moon Rabbit

Award-winning agency Moon Rabbit is driven by the philosophy that uncovering real insights requires getting as close as possible to your audience—and that leads to work that continually punches above its spend. After all, what’s more intimate than our health? If you’re a healthcare organization looking to make creative work that connects rather than bludgeons, Moon Rabbit wants to hear from you. www.wearemoonrabbit.com

Media Contact

Jay Roberts, SRPR, 1 (917) 696-2142, jay@shevrushpr.com

View original content to download multimedia:https://www.prweb.com/releases/moon-rabbit-appoints-amy-labb-as-executive-vice-president-media-302837825.html

SOURCE Moon Rabbit

Continue Reading

Trending