Instant Payments: Scaling and Responding to New Fraud Risks

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Presented by

Andrew Muzzatti

About this talk

Originally Presented: June 12, 2024 Criminals exploit the speed at which money moves, and as instant payments adoption grows – time is a fraudster’s biggest advantage. With the power of consortium analytics, financial institutions can harness insights from across the industry to understand the risk on the other end of a transaction and stop instant payments fraud before money leaves your institution. Highlights of this expert webinar include: - New and emerging fraud risks across instant payment channels - Challenges of scaling and responding to fraud - The power of consortium analytics for instant payments fraud prevention
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Nasdaq Verafin is the industry leader in enterprise Financial Crime Management solutions, providing a cloud-based, secure software platform for Fraud Detection and Management, BSA/AML Compliance and Management, High-Risk Customer Management and Information Sharing. 3500 banks and credit unions use Verafin to effectively fight financial crime and comply with regulations. Leveraging its unique big data intelligence, visual storytelling and collaborative investigation capabilities, Verafin significantly reduces false positive alerts, delivers context-rich insights and streamlines the daunting BSA/AML compliance processes that financial institutions face today. Verafin is the exclusive provider for Texas Bankers Association, Western Bankers Association, and CUNA Strategic Services, with industry endorsements in 48 U.S. states.