​In 2023, the UK experienced approximately 252,000 cases of Authorised Push Payment (APP) fraud, resulting in losses totaling around £341 million. This highlights the growing scale and sophistication of fraud in the digital financial landscape. APP fraud, where victims are tricked into authorised payments to fraudsters, has become one of the most prominent threats to financial institutions and their customers.

With fraudsters employing increasingly sophisticated tactics, traditional fraud detection systems are struggling to keep pace. This underscores the need for a more proactive approach to fraud prevention.

Cleafy's Fraud Extended Detection and Response (FxDR) platform offers a powerful solution, providing financial institutions with the tools to detect, analyse, and stop fraud—especially APP scams—before they escalate into significant losses. By integrating advanced technologies like machine learning, real-time monitoring, and behavioural analysis, Cleafy empowers institutions to stay one step ahead of fraudsters.

Key insights you'll gain from the use case:

  • Early detection of APP scams: Cleafy’s platform can identify fraudulent payment patterns in real time, preventing APP fraud before the transactions are completed.
  • Seamless integration with existing systems: Cleafy integrates smoothly with your current fraud prevention infrastructure, enhancing detection capabilities without disrupting your operations.
  • Proactive fraud prevention: With Cleafy's advanced analytics, financial institutions can anticipate and neutralise threats at an early stage, reducing fraud losses significantly.

Take action against APP Fraud today.

Don’t let fraudsters get ahead—download the use case to learn how Cleafy’s FxDR platform can help you stay ahead of APP scams and prevent fraud before it happens.

Start protecting your institution and customers today.