GERMANY Decrease in Fraud YoY
CNP Remains Dominant and Untreated
The performance in Germany remains unremarkable in terms of prevention uplifts. Whilst they are containing the Card Not Present (CNP) threat, they are unable to vastly reduce the associated losses. Many banks believe that they have now hit the peak possible performance within their current frameworks; in order to achieve the reduction seen in other areas of Europe, they will need to adopt similar practices.
Rules-based fraud approaches remain commonplace across the region. While the banks are very adept at using rules to contain their threat, they will never be able to reach the same prevention rates and deliver the same customer experiences as those countries which are adopting enterprise platforms and advanced analytics.