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The Evolution Of Fraud: From Point Solutions To Systems Of Record [Forbes]
Last hubspot, inc. earnings: 2/12 04:11 pm
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US:NYSE Investor Relations: ir.hubspot.com
transformation over the past decade, driven by the surge in digital transactions (projected to reach $11.53 trillion in 2024 ) and the increasing complexity of financial crimes. As transaction volumes and complexities increase, traditional point solutions, which were once effective for specific tasks, are now facing challenges in fully addressing the evolving nature of modern fraud schemes. Companies today recognize the necessity of transitioning away from orchestration roles that position them to manage complicated tech stacks of various point solutions—often accompanied by mountains of technical debt, an inability to align and scale with use cases, or difficulty responding quickly to changing fraud risks and compliance requirements. Instead, businesses are moving toward being comprehensive systems of record, capable of providing an integrated approach that streamlines fraud prevention and compliance. Historically, anti-fraud measures have been siloed to fraud teams instead of po
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