After challenger banks comes the wave of anti-fraud startups50

The sheer scale of global financial crime is not to be underestimated.

The UK’s National Crime Agency recently observed that it’s “in the hundreds of billions of pounds” annually, and that’s just in the UK. In the US, domestic financial crime, excluding tax evasion, generates approximately $300 billion of proceeds each year for potential laundering. This is a conservative estimate.

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