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Fraud Report Highlights Customer Onboarding Crisis for Fintech Firms

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Pi, a fraud risk management (FRM) platform founded by Paytm Labs designed to address high-volume applications for fintechs using machine learning (ML), has published a new report on “the impact of fraud on consumer confidence.” The research report, titled “Fraud vs. Friction: How the need for speed is creating a user onboarding crisis”, reveals that 71% of consumers are “less likely to trust a fintech service that has been impacted by onboarding fraud.” Referring to

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