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Why More Connectivity Means More Vulnerability for Cross-Border Payments

  • The increasing connectivity in the global payments landscape brings both advances and risks.
  • Credit risk, payment risk, counterparty risk, fraud, security risk, and compliance risk are major threats to trust.
  • Proactive risk management and compliance are crucial to maintaining trust and safety in the payment ecosystem.
  • Incremental innovation and a data-driven approach to technology integration are essential in addressing fraud and promoting inclusivity.

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