How Fintech & Finance Fight Fraud

Sift helps top fintech companies accelerate growth despite increasing fraud activity. Secure every transaction, stop fake signups, and improve engagement.

"Sift is instrumental in aggregating data all in one place and making sense of it in a way that’s actionable.” Yan Pritzker, Co-founder & CTO of Swan Bitcoin

Speak to an Expert Compare Fintech Fraud Rates

$9.5B

Card-not-present (CNP) fraud losses in 2023

+13%

Year-over-year increase in fintech fraud rates (2022 vs. 2021)

2.3%

Fintech payment fraud attack rate across the Sift network

Fintech Leaders Scale Securely with Sift

Fraud Follows Fintech Growth

Digital offerings from neo and challenger banks are transforming a market long dominated by legacy institutions and physical bank branches. Consumers now have near-limitless options when it comes to fast, seamless transactions. Unfortunately, every new payment option gives fraudsters a new surface area to attack.

$1.5T

Fintech industry valuation by 2030*

*BCG

1.7%

In annual revenue lost to fraud for the average fintech company*

*PYMNTS

Comprehensive Fintech Solutions

Detect Fake Signups. Automatically stop the creation of fake accounts no matter where they come from, whether they’re spun up by bots or developed by highly coordinated human fraud rings.

Secure Every Transaction. Neobanks, cryptocurrency exchanges, NFT marketplaces, and digital wallets are the new ATMs for fraudsters. Stop unauthorized deposits, transfers, and withdrawals in real time.

Improve Conversion and Engagement. Onboard new users quickly, keep friction low, and unlock additional features for trusted users without compromising the security of your platform.

Building an internal risk engine? The Sift Score API adds critical external context to internally-built risk models. Detect global & industry threats with real-time risk scores powered by 1T annual consortium events. Build the way you want, without sacrificing access to the powerful tools in the Sift Console. Learn more.

Unstoppable Results

2.3%

Current fintech payment fraud attack rate across the Sift network.

0.27%

Current fintech fraudulent chargeback rate across the Sift network.

3.3%

Current fintech manual review rate across the Sift network.

Proactively Protect User Accounts

Protect your users and your brand by defending against account takeover attacks. Automatically surface suspicious sessions for additional levels of verification at risky value extraction points.

Maximize ROI,
Minimize Manual Review

Sift’s AI-powered solutions automate your fraud fighting, accurately stopping fraud automatically, and providing intuitive, insightful tools to make manual reviews fast, accurate, and insightful.

2.3%

Current fintech payment fraud attack rate

Protect trusted transactions with Sift’s 2.3% overall payment fraud attack rate.

.027%

Current fintech fraudulent chargeback rate

Reduce the impact of chargebacks with Sift’s .027% fraudulent chargeback rate.

3.3%

Current fintech manual review rate

Keep the team small and the growth high with Sift’s automation that minimizes manual review.

Leading Brands Succeed With Sift

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As doxo has grown, Sift has scaled with us and tackled new fraud threats before they ever hit our business.

Taylor Snyder

Manager of Risk & Compliance at doxo

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10x

Return on investment

0.0018%

Chargeback fraud rate

We recommend Sift to any company that needs to effectively and easily evaluate customers, as well as prevent fraud and account takeover.

Derrick Liew

Senior Financial Accountant at CoinJar

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133%

ROI

50%

Reduction in manual review time

Sift helps us detect more ATO than our rules-based system could, and the console makes it easy for our team to investigate suspicious cases and take action quickly.”