Resistant AI’s APP Fraud Whitepaper reveals how criminals exploit real-time payments and money mule networks, urging banks and fintechs to adopt stronger controls, real-time monitoring, and collaboration

It emphasizes the growing scale of APP fraud globally, the financial and reputational risks for banks and fintechs, and the urgent need for stronger controls, enhanced onboarding, real-time monitoring, and data-driven defenses. The paper also addresses emerging reimbursement regimes for victims and calls for industry-wide collaboration and investment in fraud prevention to safeguard customers…