Wednesday, April 17, 2024 | 2:00 PM EDT

Effective Fraud Orchestration: Combating Scams and Authorized Payment Fraud


Guest Speakers:

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Scams and Authorized Push Payment fraud are top of mind for banking and fraud professionals given the challenge they pose in protecting consumer accounts. Fraudsters continue to evolve and become more sophisticated in their approach by using rich personal data combined with generative AI to scam consumers across multiple channels.

Independent fraud signals identifying when a consumer may be getting scammed also continue to evolve. However, instead of treating signal lift independently, a more sophisticated approach to the orchestration of various fraud signals, when and where they are applied, and subsequent interventions with consumers based on the outcomes of those risk signals show even greater promise. This new approach could dramatically reduce the risk of APP fraud and deliver new contextual signals from the consumer making the payment.

This panel, led by American Banker, and moderated by Outseer CMO Scott Olson will engage with Datos Insights Strategic Advisor Trace Fooshée and Outseer CTO and Chief Data Scientist Yogesh Patel to discuss the threat posed by scams and the potential of using a variety of step-up and contextual interventions with consumers to mitigate the threat.