- In December 2023, Experian entered into a strategic partnership with NeuroID to bolster its fraud prevention capabilities. The collaboration is designed to combat fraud attacks, curb identity theft, and defend against AI-driven bot threats. By integrating their technologies, both firms aim to deliver more robust security for consumers and businesses, enhancing fraud detection efficiency
- In October 2023, Oscilar launched the industry’s first generative AI-powered fraud prevention platform. This groundbreaking solution is capable of autonomously detecting fraud patterns, conducting root cause analysis, and providing real-time risk insights. Through this innovation, Oscilar seeks to transform how businesses identify and mitigate fraud
- In May 2023, Experian rolled out Experian's Hunter, a fraud prevention platform specifically tailored for fintech companies in the U.S. Building upon its well-established fraud detection infrastructure, this solution enhances protection for both consumers and enterprises by leveraging extensive data analytics to address modern fraud threats
- In September 2022, Experian introduced Experian Fraud Score, a versatile fraud detection tool developed to help organizations detect fraudulent behavior across the transaction and customer lifecycle. By delivering actionable insights at key decision points, the solution empowers businesses to strengthen their fraud defense strategies
- In June 2022, Advanced Fraud Solutions (AFS) collaborated with Fiserv to provide advanced fraud detection for financial institutions. The partnership allows clients to evaluate risk-based fund availability and make better-informed decisions. By incorporating AFS’s tools, Fiserv enhances its ability to detect and prevent fraudulent credits before they are processed
Frequently Asked Questions
One prominent trend in the global fraud detection and prevention market is the growing sophistication of cyberattacks and data breaches.
The increasing need for enhanced home and property security is a major driver contributing to the growing demand for fraud detection and preventions across residential, commercial, and institutional sectors.
Increasing adoption of digital payment methods and online transactions, poses a significant barrier in the fraud detection and prevention market.
The solutions segment held a significant market revenue share of 63.21% in 2025, driven by the fundamental need for tools and platforms to detect and prevent fraudulent activities. Organizations prioritize implementing these technological solutions as a primary defense mechanism.
Asia-Pacific is expected to witness the highest growth rate in the global fraud detection and prevention market, driven by the rapid expansion of digital economies, the increasing adoption of online payment platforms, and a growing awareness of fraud risks across countries such as China, India, and Japan.
