Hype Cycle™ 2025
The keys to preventing financial fraud today and in the future
Evaluate the maturity of anti-fraud solutions, accelerate their adoption, and anticipate emerging threats.
According to the Global Anti-Scam Alliance scammers siphoned more than $1.03 trillion globally in 2024. As a result, there is extra emphasis on proactive fraud detection and mitigation.
Identify fraud risks, drive growth, and strengthen financial security.
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2-minute read for this page
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Gartner® report published on July 21, 2025
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Page published on October 13, 2025
The new era of digital fraud
Financial fraud continues to rise, driven by deepfakes, synthetic identities, and injection attacks.
Our key insights from the Gartner® report include:
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Biometrics Providers
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Passive Behavioral Biometrics
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Preemptive Fraud Detection
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Verifiable Credentials
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Low-code / No-code solutions
Financial institutions that adopt third-party biometrics with advanced defenses can reduce fraud in onboarding, account recovery, and critical payments by up to 90%.
Data you can’t ignore
$1.03 trillion
stolen in 2024, driving the need for smarter defenses.
90%
less fraud in financial institutions that implement third-party biometrics with advanced defenses to protect onboarding, account recovery, and critical payments.
5-20%
current market penetration of third-party biometrics: a rapidly expanding category with high global growth potential.
Passwords and native device biometrics are no longer enough. We believe that the technologies highlighted by Gartner® will shape the future of digital security.
Why we think this matters
Gartner® has recognized Facephi as a Sample Vendor, which, in our opinion, highlights our role in advancing digital security in the financial sector.
Facephi recognized by Gartner® as a Sample Vendor for the second consecutive year
Facephi provides a comprehensive, multi-layered fraud prevention platform that includes biometric solutions (fingerprint, face, voice, and more) as well as innovative technologies such as passive behavioral biometrics, preemptive fraud detection, low-code/no-code workflow development, verifiable credentials, and more.
Financial crime is rising as fraudsters use advanced tools like AI for phishing, forgery and deepfakes. Bank CIOs can use this research to build a global strategy focused on automation, AI-enabled fraud prevention, digital identity, biometrics and data privacy while balancing compliance and customer experience.
Gartner®, Hype Cycle™ for Fraud and Financial Crime Prevention 2025
Access the report
Read the full Gartner® report and discover why Facephi was recognized as a Sample Vendor in Fraud and Financial Crime Prevention 2025.
Gartner, Hype Cycle for Fraud and Financial Crime Prevention, 2025, Vatsal Sharma, Pete Redshaw, 21 July 2025.
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