Fighting Financial Crimes in a Digital World

The transcript discusses the significant increase in online fraud and impersonation, particularly in the financial services sector, due to the pandemic-driven shift to digital. It highlights the role of technology in preventing fraud and ensuring safe transactions, with a focus on financial crime risk management. The company collaborates with organizations to ensure funds reach the rightful recipients and are not used for criminal activities. Future plans include potential public offerings and partnerships to become a leader in financial crime risk management.

What was the percentage increase in online fraud scams mentioned in the first section?

• 350%

• 250%

• 450%

• 150%

How much fraud was reported in the unemployment system during the pandemic?

• $63 billion

• $73 billion

• $53 billion

• $43 billion

What is the primary goal of the company's technology as discussed in the second section?

• To increase transaction speed

• To ensure funds reach the right recipients safely

• To expand into new markets

• To reduce transaction fees

Which firm is mentioned as a partner in the company's future plans?

• Morgan Stanley

• KKR

• Goldman Sachs

• BlackRock

What percentage of money flowing into financial systems is used for money laundering, according to the third section?

• 4%

• 5%

• 2%

• 3%