A Meet the Boss roundtable brought to you by IBM
Financial crime and corruption are at epidemic levels and many countries are unable to significantly reduce corruption. The evolution of financial instruments and the emergence of new payment channels and vendors have presented bad actors with new avenues to commit fraud and evolved the fraud prevention market.
The introduction of instant payments, new types of financial services products and disruptive technologies has fostered an environment of exploitation.
Fraudsters are outwitting obsolete fraud prevention systems, stealing more from payment channels and eroding confidence while inhibiting business growth and innovation.
It’s time for a better approach.
Financial institutions must look to AI technologies to: support financial crime analysts by providing greater insight, increase both the efficiency and the effectiveness of their payment fraud detection and scrutinise behaviours to identify high-risk entities before they commit financial crimes.
Join IBM and a select group of industry peers to share how your organisation is coping with today’s new challenges and managing risk, fighting financial crimes and improving processes and outcomes.