Feedzai Q3 2021 Financial Crime Report

Accelerating the Shift to a Cashless Society

Consumers worldwide made a hard pivot to both online banking and shopping because of the COVID-19 pandemic. And all signs indicate they’re not planning to go back. Pandemic-driven lockdowns have helped to usher in a cashless era.

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Digitization allows fraudsters to scale their operations. The Feedzai Q3 2021 Financial Crime Report – based on exclusive data from over 1.5 billion global transactions – takes a closer look at how both consumer and fraudster habits are changing. The findings include:

149%

Increase in P2P Payments

48%

Decrease in cash transactions

109%

Increase in online transactions

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