Alloy UK fintech survey: 68% report higher fraud volumes
UK fintechs lost as much as £5 million to fraud last year, as fraud… ↗
What happened
- Alloy published State of UK Fraud Report data on 19 March 2025 from 118 UK fintech decision-makers, conducted by The Harris Poll.
- 68% of UK fintechs report higher fraud volumes compared with one year earlier.
- 79% of UK fintechs say they lost at least £500,000 to fraud in the 12 months to October 2024.
- 96% of UK fintechs report investing in fraud prevention in 2025.
Why it matters to Signicat
- Survey of 118 respondents is a small sample; the figures are vendor-reported and not independently verified.
- Fintech-focused UK fraud data is relevant to Signicat's fraud and identity-risk positioning in the UK market, which is a core market.
Evidence from the source (6 quotes)
- “The survey was comprised of responses from 118 decision-makers working in a director-level role or higher at fintech organisations in the UK.” source ↗
- “More than two in three UK fintech companies (68%) are reporting higher fraud volumes compared with one year ago” source ↗
- “79% of UK fintechs say they lost at least £500,000 to fraud in the 12 months to October 2024.” source ↗
- “96% of UK fintechs report that they are investing in fraud prevention in 2025.” source ↗
- “The survey was comprised of responses from 118 decision-makers working in a director-level role or higher at fintech organisations in the UK.” source ↗
- “Alloy provides an identity and fraud prevention platform that enables global financial institutions and fintechs to manage identity risk” source ↗
Fraud deepfake injectionPositioning narrativeResearch reportUK IE
4 of 4 facts verified against the source · confidence medium · claude-haiku-5-5