TRY FOR FREE

More Than Money: How Predictive Analytics in Payments Can Help Prevent Human Trafficking

As an industry, we’ve come a long way in utilizing data analytics and cybersecurity tools to find and prevent payments fraud, an issue we fight daily. However, there is a problem even more nefarious that we, as an industry, could be addressing more fervently with the use of the data we already have at hand: human trafficking.

Human trafficking cases have hit a 13-year record high, according to a UNODC (United Nations Office on Drugs and Crime) report released in 2018. It is estimated that each year, across the globe, 20.9 million people are trafficked for forced labor and sexual exploitation.

While great efforts have been made to bring attention to this issue worldwide, identifying and fighting human trafficking isn’t easy. Technologies such as facial recognition are being us ...

To continue reading, sign up for MEDICI Inner Circle and get free access for 30 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.

RECOMMENDED