The global company participates in the Congress, where it will analyze issues related to banking fraud in the region.

Rafael Costa Abreu, Director, Market Planning & Strategy, Latin America and the Caribbean, LexisNexis^® Risk Solutions, will present a conference at 8th America Digital World Congress.

At C-Level Forum Fintech & Digital Banking he will explain how the study explores the evolution and expansion of fraud in Latin America.

And also will share insights and recommendations on how to better protect your business, successfully manage fraud risks, and build customer trust and loyalty.

In this session, Rafael will present the results of the study True Cost of Fraud™ Latin America Study 2023.

There, he provide an updated picture of fraud trends in the lending and financial services industries by analyzing detailed surveys of more than 200 risk and fraud executives.

These results include additional costs related to labor/investigation, fees incurred during the application/underwriting/processing stages.

As well as legal costs and external recovery expenses, all of which increase the cost of fraud beyond the actual dollar value of a fraudulent transaction.

The LexisNexis Fraud Multiplier determines the actual cost of fraud based on the calculation of these additional costs.

The study True Cost of Fraud™ Latin America 2023 also includes the regional outlook in terms of fraud trends in the retail, e-commerce, financial services, and lending markets in Latin America.

And the problems related to the incorporation of new payment mechanisms, carrying out transactions through digital and mobile channels, and international expansion. 

The fraud landscape is complex and constantly changing. It challenges companies to balance robust security and a seamless experience at every stage of the customer journey.

Customers demand fast, and secure digital interactions, whether they are online or on a mobile device.

It is up to each company to deliver optimal experiences; otherwise, customers will not hesitate to abandon the transaction and go to the competition.

LexisNexis^® Risk Solutions offers identification and authentication solutions that help prevent fraud.

Modular and adaptable, our solutions can be customized to meet the specific identity management and workflow needs of each company.

Contact us to learn more about fraud prevention, while delivering optimal customer experiences.

Which not only protects your organization, but also gives you a competitive advantage in today’s congested digital marketplace.

LexisNexis® Risk Solutions includes seven brands that span multiple industries and sectors.

We harness the power of data, sophisticated analytics platforms, and technology solutions to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe.

Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information-based analytics and decision tools for professional and business customers.

For more information, please visit LexisNexis Risk Solutions and RELX.  

Visit LexisNexis^® Risk Solutions in booth #A-35 at the Congress and schedule a demo of any of our solutions designed to help you make more confident decisions to prevent fraud.

Attend the 8th America Digital World Congress and learn more about solutions to prevent fraud. Buy your tickets here.