Outsmarting Criminals on the Widening Road to Faster Payments

Smarter Faster Payments: Remote Connect

Tuesday 24 August 2021 1:20-2:20 PM EST

Andrew Davies Headshot

Andrew Davies, Vice President, Global Market Strategy, Financial Crime Risk Management, Fiserv, and Dave Excell, Founder, Featurespace, share how data and machine learning are used to detect and stop fraud without impeding the customer experience of faster payments.

By using real-time risk decisioning at the enterprise level to detect and prevent fraud, criminals are stopped from exploiting evolving payments systems and sabotaging what should be a frictionless customer experience

Last year, the number of participating financial institutions for The Clearing House’s RTP® network more than doubled and with the launch of the Federal Reserve’s FedNowSM Service as early as 2023, real time payments ubiquity in the U.S. could be possible by 2025. This opens up a world of possibilities, however it also brings a more sophisticated level of financial crime and in greater volumes. During the pandemic, we saw this in the surge of new scams, account takeover and identity fraud. 

How can Financial Institutions prepare for the next unpredictable event?

> Join this session to find out.

Whitepaper

Instant Payments: Avoiding the Convergence of Complex Financial Crimes

In this paper, you will find examples of some of the most prolific fraud attacks which can be fueled by instant payments. And you will find actionable recommendations for the best approaches to prevent these complex financial crimes.

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Case Study

Featurespace’s ARIC™ Risk Hub earns NatWest “Best Security and Anti-Fraud Development” at The Card & Payments Awards

The ARIC Risk Hub safeguards payments across NatWest’s commercial and consumer divisions from all known fraud types, as well as new scams and attacks.

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Webinar | Securing a Holistic View of a Faster World: Getting Anti-Fraud Ready for Real-Time Payments

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