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865 Open banking fraud rates are lower than industry average

UK Tech News
Oscar Hornstein @ UK Tech News · 12/08/2025 10:00 EDT

Open banking fraud rates are lower than industry average

Cases of fraud linked to open banking payments remain well below the wider industry average, despite the technology’s increased use and the rising rates of scams, new research has found. In its latest report on financial crime, Open Banking Limited (OBL) has found that fraud affecting open banking payments accounted for just 0.013% of transactions ...

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