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The global fraud detection and prevention market is expected to grow significantly, from USD 27.7 billion in 2023 to USD 66.6 billion by 2028, with a Compound Annual Growth Rate (CAGR) of 19.1% during the forecast period. Fraud and risk management services play a crucial role in safeguarding financial assets, maintaining reputations, ensuring regulatory compliance, enhancing operational efficiency, instilling stakeholder confidence, and contributing to long-term business sustainability.
Wipro’s Platform Safety service focuses on creating a secure digital space, with a strong emphasis on fraud prevention, user safety, identity theft prevention, platform integrity, and ID verification. We employ various measures, such as eKYC, bot detection, and affiliation tracking, to ensure legitimate interactions while swiftly addressing and freezing bad organizations or individuals.
Our commitment to platform safety is evident through our robust capabilities, which include a team of over 6,000 skilled fraud investigators. With a proven track record of successful client engagements exceeding 10, and transactions valued at over $34 million meticulously reviewed in 2022 across 15 languages and 12 countries, we prioritize security. Additionally, we proactively identify and rectify over 50 potential erroneous payouts within a six-month span, underscoring our dedication to maintaining the integrity of our platform.
