Event Recording
Fraud Reduction Intelligence Platforms - an Overview
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Fraud continues to plague businesses of all sorts, including banking, finance, payments, insurance, retail, media, travel, hospitality, gaming, health care, government agencies, etc. Fraudsters are rapidly changing their tactics and techniques. Consumer and B2B accounts are heavily targeted. Any digital resource that can be converted into currency of any kind is at risk.
We'll take a look at Fraud Reduction Intelligence Platforms (FRIP): services that are designed to help businesses and government agencies detect attempts to defraud individuals and businesses and prevent loss. We'll consider up-to-date statistics on the evolution of fraud, which functions are provided by FRIP service providers, and how they work with customer infrastructure. KuppingerCole has published Leadership Compasses on FRIP (click here for the most recent), and continues to refresh coverage of the subject.
Many organizations have adopted SMS OTP as 2-factor authentication. However, SMS OTP itself has security problems. On this panel, we'll talk about better alternatives to SMS OTP, such as FIDO, mobile apps and SDKs.
Organizations across all sectors, from banks and fintechs to telcos and mobility service providers, need to be sure not only that they comply with local regulations but also they need to verify the identities of their customers before they can provide access to their services. However, at the same time they also need to make the whole user experience as smooth as possible.
In this session we will discuss how to:
● Attract customers with a low-friction experience
● Detect and deter online fraud and account takeovers
● Meet KYC and AML compliance mandates
● Establish and maintain trust through the Jumio KYX Platform
