Scams: The 2024 Fraud Outlook 2023 | Finextra | 7 December 2023 | Online
Venue
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| Event Date | Thu Dec 7 EST (about 1 year ago) |
| Location | Online |
| Region | Americas |
Details
The pressures of this financial crime landscape are increased when considering the changing legislative environment. For instance, in the UK, the Payment Systems Regulator (PSR) will be shifting the liability for APP fraud, meaning that there is even greater interest and need for banks to improve their fraud prevention systems.
Prevention will become a critical requirement the adoption of ISO 20022, meaning transactions will finally be occurring in real-time, 24/7/365, and cross border. Despite being months before the deadline, it is already becoming evident that some financial institutions will not be prepared to comply with this standard, and for the growing fraud risk associated with these changes. 2024 will be a year of change and financial institutions should plan ahead.
Speakers
2023 Speakers
MODERATOR:
Jane Cooper
Researcher, Finextra
SPEAKER:
Rob Rendell
Global Head of Fraud Market Strategy & Fraud Prevention, NICE Actimize
Andrew Dawson
MLRO, LHV Bank