Virtual Expert Panel

Build, Buy or Rent: Sustainable
Fraud Risk Management

Many FIs enter into the common dilemma of “Build, Buy, or Rent” when they are required to setup or overhaul their fraud risk systems. Our Expert Panel weighs in on the pros and cons of each option and what FIs should be considering to be effective against modern day financial crimes.

12th August — 3pm SGT

Event Partners

Expert Panel Discussion

Card Not Present (CNP) Fraud increased 70% over the past few months, and global card fraud losses will have exceeded $32 billion by 20211.

Hyper connectivity and accelerated digitalisation have spawned more complex and sophisticated typologies of financial crime, empowering syndicates to run cross-border operations to flawlessly execute coordinated social-engineering and cyberattacks. Financial Crime 4.02 layers on multiple techniques and tools to make each fraud attack unique and hard to predict. Today, detecting, investigating and preventing fraud has become even more of an uphill struggle for financial institutions (FIs) of all sizes.

With financial crime evolving constantly into new patterns and complexities, how then can FIs create fraud and compliance risk management that can easily adapt and scale to the changing face of fraud?

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The reality about today’s fraudster

Fraud attacks are state of the art, innovative and unpredictable, which bags the question if basic rule-based engines are adequate.

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Learnings from using an in-house, IT-built fraud solution

A drill down into meeting short term and long term objectives for financial institutions using a fraud system developed in-house.

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Understanding which solutions FIs should build, buy, and rent, and why

Considering core and peripheral systems, infrastructure and application layer.

Meet our panellists

Join our panel of experts as we look across the range of solutions FIs use and discuss the upsides and pitfalls to building, buying or renting technology and platforms for fraud risk management

Patricia Sanz

Head of Financial Crime Investigations | HSBC

Jayant Raman

Global expert on Cyber risk management | Oliver Wyman

Sidhartha Dash

Research Director | Chartis Research

Dev Dhiman

Managing Director APAC | GBG

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