Juniper Research pinpoints the rise in eCommerce transactions in emerging markets as driving this growth, where merchants are facing new threats such as the increased use of Artificial Intelligence in attacks. That is, the convenience of online payments is driving growth but it has also created an ever-increasing and constantly moving threat landscape.

The top five vendors for 2023, in order, are LexisNexis Risk Solutions, Experian, ACI Worldwide, Visa and FICO.

The research found that the leading players scored well based on the breadth of their anti-fraud orchestration capabilities, as well as their use of Artificial Intelligence for analysing trends in fraudster behaviour