SPAIN No Change in Fraud YoY

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Spanish Performance Has Plateaued

As with many European countries, Spain appears to have reached its performance plateau, only posting a 0.4% reduction in fraud rates for 2019. As such, Spain remains in the top five of the countries in this report for basis points losses. The challenge now faced by the banks is the continued improvement of the industries around them, which leaves the region at risk of creeping further up the scale. A transformation to enterprise fraud and the adoption of advanced machine learning approaches will benefit the region and allow the banks to accelerate their performance improvements and better prevent the fraud threats migrating to them from wider Europe.