Date: Wednesday, June 08, 2022
Time: 12:00 p.m. EST | 11:00 a.m. CST | 09:00 a.m. PST
Location of the event: VirtualRegister Now
Infosys is proud to sponsor and participate at the flagship event hosted by our key partner NICE Actimize, Engage 2022.
Infosys will be part of an exclusive panel discussion Instant Payments = Ramped Up Fraud, joined by prominent fraud experts from Monzo Bank, NICE Actimize and BehavioSec where they will deep dive into Fraud within instant payments and the current barriers financial institutions face to ensure effective risk engines
Engage is the biggest event hosted by NICE Actimize where FIs come together to explore the future of financial crime and compliance by engaging with latest innovations, more than 30+ keynote sessions and an opportunity to exchange ideas by networking with peers from around the globe virtually.
Instant Payments = Ramped Up Fraud
The general adoption of digital payments and banking across all generations has impacted the industry and customers positively, as well as led to continued payments innovation and modernization.
This shift is also being exploited by fraudsters as instant payments are the fraudster’s preferred method of money movement and is increasing the associated fraud typologies that leverage it, such as scams and ATO.
Consumers want the convenience of making payments from their own devices and they want these payments to be seamless and in real-time. More consumers are using mobile banking, virtual wallets, P2P solutions as well as emerging payments, such as BNPL, Crypto, and QR. Consumers and businesses aren’t the only ones embracing new technologies – fraudsters are also early adopters.
- How do fraudsters manipulate customers?
- What barriers do financial institutions face to obtaining enough data and information to ensure risk engines can work effectively in this high-speed low friction payments world.
- NICE Actimize
- Monzo Bank