FRAUD & ID VERIFICATION
“ It ’ s vital those in insurance , banking and fintech work together to stay one step ahead of fraudsters ”
SARA COSTANTINI REGIONAL DIRECTOR , UK & I , CRIF
of digital transformation solutions to the financial industry .
“ In many instances , this will mean utilising the latest innovations in AI against those attempting to use it for criminal activity .”
One leader enthused by the wealth of options seemingly available to cybersecurity and fraud prevention specialists is Omri Kletter , VP , Risk Solutions at Bottomline .
“ It would be easy to say protecting against fraud has become harder , and there are certainly more sophisticated fraudsters and scams emerging every day ,” he says , “ but actually there are also much more sophisticated prevention tools available , too .
“ We can really take advantage of what innovation offers us . We can build much more sophisticated profiles for payments and act when we see something abnormal ; we can use more automation , bring in elements of AI that enable us to step in and we can push updates more quickly .”
What must be emphasised , however , is that to really protect against fraud and manage risk sufficiently , organisations also need the right people – and the right mindset – to go alongside the technology .
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