Global Survey Finds 78% of Consumers in Singapore Ready to Switch Banks Over Inadequate Fraud Protection

SUNNYVALE, Calif., June 27 (Bernama-BUSINESS WIRE) — Jumio, the leading provider of automated, AI-driven identity verification, risk signals and compliance solutions, today released new findings from its Jumio 2024 Online Identity Study. This year’s results highlight growing anxiety among consumers that weaknesses in their banks’ fraud-protection measures could leave them exposed to scammers, which would result in the vast majority (75%) switching providers — a figure that rises to 78% in Singapore.

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