Slovenia’s Fintech Sector Faces Growing Risks of Financial Crime Amid Economic Uncertainty

As Slovenia’s economy continues to navigate the aftermath of the global health crisis, fintech companies operating in the country are facing a perfect storm of challenges that threaten their very survival. In this uncertain environment, fraud and financial crime risks have become a major concern for fintechs.

Economic Landscape: A Perfect Storm of Challenges

The current macroeconomic landscape is marked by:

• Rising interest rates
• Slowing global economic growth
• Unprecedented market volatility
• The ongoing pandemic recovery efforts, still reeling from supply chain disruptions
• The war between Russia and Ukraine, with far-reaching consequences

Fintechs Face Multiple Risks

For Slovenian fintechs, this means contending with:

• External factors: market volatility, global economic uncertainty, and supply chain disruptions
• Internal threats:
  • Inadequate security protocols
  • Lack of robust fraud intelligence

LexisNexis Risk Solutions: A Solution for Fintechs

Our suite of fraud management solutions can help fintechs predict, detect, and prevent the main drivers of fraud. By leveraging:

• Device, physical, and digital identity intelligence
• Behavioral biometrics
• Seamless authentication solutions

Slovenian fintechs can minimize the cost of fraud and preserve cash flow.

Benefits of Reducing Fraud Costs

Reducing the cost of fraud means improving overall business results. When fintechs are able to quickly and effectively detect fraud threats and protect their customers, they can deliver a positive experience that keeps consumers coming back.

Conclusion: Mitigating Financial Crime Risks in Slovenian Fintech

To learn more about how Slovenian fintechs can mitigate financial crime risks and stay ahead of the curve, download our solution brief today.