Retail Banker International: Experts share sector forecasts for 2025

The team at Retail Banker International recently canvassed more than 200 industry leaders to get their expert opinions on prospects for the banking and payments sectors in 2025.

Dr. Ellison Anne Williams, Founder and CEO, Enveil

Financial services and fraud prediction

In the financial services sector, fraud will continue to become increasingly rampant due to the ease of leveraging AI tools to advance these activities. The fight against this and other economic crimes will lead to a steep adoption curve for innovative solutions that enable financial institutions to identify fraudulent activity and protect both customers and their bottom line. To do this effectively, banks need to be able to securely use and process all the data available to them, which means leveraging data sources across boundaries and silos, both internal and external. The ability to use more data, made possible through advances in Privacy Enhancing Technologies, allows banks and other stakeholders to collaborate and obtain a global operating picture, which ultimately leads to better, intelligence-led decisions.

Check out all the expert predictions by reading the full article here.