The November 2024 report explores how financial institutions are embracing next-gen innovations to combat increasingly sophisticated scams. It emphasizes multi-layered defense strategies that integrate identity verification, behavioral analytics, device intelligence, and transaction monitoring. Real-time detection, behavioral biometrics, and continuous authentication are becoming essential for identifying authorized push payment fraud. Collaborative intelligence through data-sharing consortiums and adaptive AI models enhances detection of emerging threats. These innovations operate passively to avoid friction for legitimate users. However, integration challenges and evolving fraud tactics still pose hurdles for effective implementation.

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