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The Future of Fraud

Fighting Fraud in the Financial Services Industry

London |

Overview

With the implementation of ever-faster digital payment systems, banks and their customers have seen a rapid increase in fraudulent activity. Payment, procurement and CEO fraud have cost businesses billions of pounds since 2013, and malware-based attacks have become particularly challenging to identify and counteract. Fraudsters are incredibly adept at leveraging new technologies to move stolen funds at speed through the UK payments system, and beyond – making it increasingly difficult to identify, stop, and repatriate money to victims. Combined with a perceived need for greater investment in law enforcement agencies, this means it can be difficult for businesses to recover assets after an attack.

Given all of these challenges affecting people, businesses, financial institutions and the wider UK economy, what is the best way to prevent fraudulent methods that are becoming more and more sophisticated? How can cutting-edge technology be used to bring fraud detection up to the level of increasingly quick payment methods? And with ever more regulations being put in place, how can collaboration between financial institutions, law enforcement agencies and their corporate customers be improved to combat fraud?

The Banker and Accura, VocaLink's insights business, are pleased to present this private editorial dinner discussing the best means to detect, prevent and rapidly follow up on payments fraud. Results from a recent survey of leading UK institutions by FT Remark, commissioned by Accura, will inform the discussion.

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fallback Add to my Calendar 03/21/2017 18:15:0003/21/2017 21:30:00falseThe Future of FraudWith the implementation of ever-faster digital payment systems, banks and their customers have seen a rapid increase in fraudulent activity. Payment, procurement and CEO fraud have cost businesses billions of pounds since 2013, and malware-based attacks have become particularly challenging to identify and counteract. Fraudsters are incredibly adept at leveraging new technologies to move stolen funds at speed through the UK payments system, and beyond – making it increasingly difficult to identify, stop, and repatriate money to victims. Combined with a perceived need for greater investment in law enforcement agencies, this means it can be difficult for businesses to recover assets after an attack.Given all of these challenges affecting people, businesses, financial institutions and the wider UK economy, what is the best way to prevent fraudulent methods that are becoming more and more sophisticated? How can cutting-edge technology be used to bring fraud detection up to the level of increasingly quick payment methods? And with ever more regulations being put in place, how can collaboration between financial institutions, law enforcement agencies and their corporate customers be improved to combat fraud?The Banker and Accura, VocaLink's insights business, are pleased to present this private editorial dinner discussing the best means to detect, prevent and rapidly follow up on payments fraud. Results from a recent survey of leading UK institutions by FT Remark, commissioned by Accura, will inform the discussion.The-Future-of-Fraudd479098968ba11b47b7159f2d86ede25MM/DD/YYYY

Agenda - 21st Mar

  • 6:15pm
    Drinks Reception
  • 6:45pm
    Welcome Remarks

    Joy Macknight, Deputy Editor and Technology Editor, The Banker
    Jim Wadsworth, Managing Director, Accura

  • 7:00pm
    Dinner
  • 8:00pm
    Panel Discussion

    Moderated by: Joy Macknight, Deputy Editor and Technology Editor, The Banker

    • Commander Christopher Greany, National Coordinator for Economic Crime, City of London Police; and Lead, Identity Crime, Cyber Protect and Counterfeit Currency, National Police Chief’s Council NPCC
    • Jim Winters, Director of Financial Crime, Fraud and Underwriting, TSB
    • Katy Worobec, Director of Fraud Control, Financial Fraud Action UK
    • Jim Wadsworth, Managing Director, Accura
  • 8:30pm
    Q&A

    Moderated by: Joy Macknight, Deputy Editor and Technology Editor, The Banker

  • 8:45pm
    Dessert and Coffee
  • 9:15pm
    Drinks and Carriages

Venue

The Shard
32 London Bridge Street
London SE1 9SG

United Kingdom


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Presented by (2)

Accura from VocaLink delivers fact-based, timely insights which enable better-informed decision making and help to solve some of the big problems that affect us all. Our vision is to power insights that empower everyday lives, by fusing data and technology with people and science.

The Banker provides economic and financial intelligence for the world's financial sector and has built a reputation for objective and incisive reporting. It leads the debate on all the issues surrounding the global banking industry, providing in-depth news and analysis, exclusive interviews with senior industry figures and definitive regional bank listings, including the internationally acclaimed Top 1000 World Banks.

Contact

Jordan Harries
Content Editor
Financial Times
Abigail Lewis
Media Partner and Press Enquiries
Financial Times
Funmbi Adenubi
Delegate Booking and Registration Enquiries
Financial Times