Hawk’s Post

Join our webinar: "Fraud Prevention and Detection - A Key Priority in 2024". Register here: https://lnkd.in/dxCyB6Ug We are likely just at the beginning of this trajectory within financial crime, and should anticipate a rapid escalation in sophistication, along with the increased utilization of social engineering and AI. Both external and internal fraud risks are top priorities on the agenda in 2024, demanding innovative solutions. In this webinar, our experts Louise Brown and Ronny Gustavsson will delve into the current financial crime landscape, encompassing fraud, corruption, and infiltration. We'll explore the effective utilization of internal and external data, alongside the importance of implementing more stringent KYC and customer risk assessment practices to empower banks to intercept fraudulent payments. #FinancialCrimePrevention #KYC #FraudPrevention

Fraud prevention and detection - What is your strategy? Join us on the 9th April! Looking forward to delivering our webinar together with Ronny Gustavsson, to discuss: ✅ Current trajectory within financial crime and fraud in particular ✅ Internal fraud, infiltration and corruption ✅ The balancing act between technology and the human factor, between systems and social engineering. ✅ Why and how more effective KYC and customer risk assessment can allow banks to delay or intercept fraudulent payments. And don´t hesitate to reach out if you are unable to join but would like to meet or discuss around these and related issues! #antifraudmanagement #financialcrimeprevention

Strongly recommend listening in to this webinar where Louise and Ronny will be talking about how fraud, corruption and infiltration is making its mark on the current financial crime landscape, and how financial institutions can improve detection and prevention.

In today's fast-paced digital world, fraudsters are continuously evolving, joining forces to execute increasingly complex schemes. 💬 Traditional detection methods are struggling to keep pace. To stay ahead, financial institutions need a comprehensive strategy: monitoring transactions, identifying fraudsters during onboarding and analyzing digital footprints alongside rigorous AML protocols. Leveraging AI for advanced data analysis and consolidating information on unified platforms boost effectiveness. Collaborative efforts between fraud and AML teams are pivotal, revolutionizing financial crime prevention and ensuring a robust financial system. 💡 These imperatives resonate across industry experts. Read up on the key takeaways from our recent webinar, "Collaborating for Impact: The Benefits for Fraud Prevention and AML Detection," to embrace this holistic approach and safeguard the future of financial institutions. 📚 https://lnkd.in/dZAA7PZd

Detecting complex types of fraud such as chargeback fraud within a large customer base can be difficult. Many businesses try to use their off the shelf FinCrime software packages (KYC, KYB, AML) to do this, but these platforms often don’t incorporate sophisticated enough behavioural analytics, and don’t have access to enough data to detect complex situations of interest. Our belief is that businesses and their FinCrime teams need to build their muscle in data science and machine learning, analysing their own data based on knowledge of their own business in order to identify risks and close them off going forward. See the blog below for an outline of our thinking.

Over 80% of senior fraud, risk, and compliance bank executives identify AI-driven fraud as a significant emerging threat, according to a new study by Deduce and Datos Insights https://lnkd.in/dqtW-BDF #cx #ai #analytics #deepfakes #banks #financialsector #fraud

#AI technology could enhance the efficacy of your organization’s #FinCrime prevention program. Crowe specialists explain how.

Sponsored: How AI can fight financial fraud BMO Financial Group has been on a multi-year journey to develop and leverage cutting-edge technology to counteract fraud—ensuring the security and trust of its customers. Read more: Sponsored by BMO

Sponsored: How AI can fight financial fraud BMO Financial Group has been on a multi-year journey to develop and leverage cutting-edge technology to counteract fraud—ensuring the security and trust of its customers. Read more: Sponsored by BMO

DataVisor Wins Trio in Datos Insights’ 2024 Fraud & AML Impact Awards Know more:- https://lnkd.in/divRjyBU #fintecbuzznews #fintech #financialtechnology #fintecbuzz #financialservices #datavisor