“Financial Crimes 4.0” is a term coined by GBG, to encapsulate the evolution of fraud as we evolve from industry 1.0 to industry 4.0 today. Today the complexity of fraud attacks and techniques has escalated in sophistication, enabled by digitalization, hyper-connectivity and data deluge.
In the wake of Financial crimes 4.0, how do brick and mortar financial institutions (FIs) who are going digital, and born online digital banks and fintechs prevent these complex onslaught of fraud attacks in the digital space?
Through GBG’s June 2020 market research on “Future-proofing Fraud Prevention in Digital Channels: APAC Financial Institution Study”, key finance and banking personnel in Malaysia, Indonesia, Thailand, Vietnam, China and Australia are evolving their organizations to thrive in the digital age.
How early adopters are already walking the talk to future-proof fraud prevention agilely
Building mindshare and digital trust with consumers from branch to online
Sustaining a 100% online business model while up against multi-faceted financial crimes
Ali Suha Ter, Head of Enterprise Risk Management from Mox Bank, Arvind Swaminathan, Associate Partner from McKinsey, and Michelle Weatherhead, APAC Operations Director from GBG share holistic insights into how FIs are future-proofing fraud prevention in digital channels and how born online financial institutions balance between a digital business model with multi-faceted digital financial crimes.