Fraud prevention within banking is still quite immature. Historically, it has been very reactive. For instance, real-time payment fraud systems were implemented in most countries only after the real-time payment rails were in place and significant losses began to occur. In cases of unauthorized frauds or account takeovers, banks started implementing new systems only after experiencing substantial losses and being held liable for not protecting their customers' money.
![](https://i.ytimg.com/vi/953igqfu5gw/maxresdefault.jpg)