Banking Fraud: Can Technology Outsmart the Bad Guys? – Part 2

November 20, 2013 by Bonnie D. Graham

Today’s buzz: Banking fraud. They’re smart, they’re creative, and they’re determined to make your money their money. They succeed using a recipe of new technology and old-fashioned chutzpah. Our challenge: harness the same technology to detect emerging fraud patterns and stop cyber-criminal organizations from digging deeper into our collective pockets. How are we doing so far? The experts speak.

Prakash Santhana, Deloitte: “Do you have any idea who your customer is?”

Nuno Sebastiao, Feedzai: “When banking systems cannot distinguish customers from criminals, the bad guys win. To outsmart bad guys, we have to fight fire with fire.”

Carl Snyder, SAP: “As fraudsters become more and more sophisticated, especially in the online and cards space, leveraging predictive analytics and immediate fraud detection must become the gold standard in the battle against fraud for banks and credit card companies.”

Join us for more insights on Banking Fraud: Can Technology Outsmart the Bad Guys? – Part 2.

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