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Fighting Fraud with Form3: The Importance of Collaborative Intelligence
In Part 1 of this series, FinextraTV and Chris Oakley, Head of Fraud, Form3, points out why banks remain hesitant to share data, explores the misconceptions around regulations such as GDPR, and where levels of fraud would be if the standard was named GDSR, focusing on data sharing. While many financial institutions continue to be concerned about whether they are breaching rules and obligations, in certain situations, the fact that sharing data for fraud prevention can be useful and is a legitimate reason, is lost. To avoid this vicious circle, banks must take advantage of collaborative intelligence to mitigate rising financial crime cases such as APP fraud scams and share data where insights and intelligence can be exchanged between organisations in a secure environment, building a collaborative view.
To find out more click here: www.form3.tech/news/payment-insights/combatting-app-fraud
For all your fintech-related news, please visit www.finextra.com
zhlédnutí: 58

Video

FinextraTV: Technology, the Catalyst for Banks to Evolve into Competitors
zhlédnutí 81Před 22 hodinami
FinextraTV and Gabriela Giannattasio, VP of EMEA, Veritran, tap into how banks should be prioritising streamlining user experiences, enhancing seamless payment systems, making them secure, and ensuring compliance with upcoming regulations all at the same time. In this new age of financial polyamory, individuals and businesses are no longer married to just one bank, and banks should view collabo...
Communify Fincentric Unifies Financial Data with Acquisition from S&P Global
zhlédnutí 487Před 21 dnem
John Wise, Chairman and CEO of Communify Fincentric, explains the backstory to the company's acquisition of Markit on Demand from S&P Global. Aimed at fixing the financial industry's persistent challenge of fragmented data, this strategic move unifies client and market information in a single platform, integrating over 4,000 global data feeds to enhance AI-driven insights for portfolio managers...
EBAday 2024: How the Commercial Payments Market is Evolving
zhlédnutí 183Před měsícem
At EBAday 2024, Wim Grosemans, Global Head of Product Management Payments and Receivables, BNP Paribas, sets the scene around how the commercial payments market is evolving. From an infrastructure perspective, the interview details how banks should make important moves to implement instant payments, ISO 20022 and cross border payments as regulation dictates, so there is a lot to do on the plumb...
FinextraTV: The Intersection of Wildlife Trafficking and Financial Crime
zhlédnutí 442Před měsícem
FinextraTV, Julia Thorn, Senior Marketing Manager, Financial Crime Compliance, LexisNexis® Risk Solutions and Robert Campbell, Programme Director of United for Wildlife, The Royal Foundation of The Prince and Princess of Wales, dive deep into their recently released report on how wildlife trafficking can be combatted with the power of collaboration. Exploring the objectives of the report, the p...
EBAday 2024: Why Traditional AI should be used alongside Generative AI for Fraud Prevention
zhlédnutí 228Před měsícem
At EBAday 2024, Marc Corbalan, Vice President, A2A Risk Solutions, Visa, explores fraud detection advances and strategies. Generative AI is truly revolutionary and outperforms traditional AI when it comes to analysing text, voice, and imagery, namely describing when transactions are risky. However, Generative AI struggles with numerical data that includes patterns, which is what fraud analysts ...
FinextraTV: Reimagining Your Core: How Banks Can Thrive Amidst Rapid Technological Change
zhlédnutí 168Před měsícem
Narendra Mistry, CPTO of Universal Banking at Finastra, emphasises that banks must adapt quickly to evolving technology and customer expectations. Success lies in implementing efficient core banking systems, that enable innovation at scale and at pace, while navigating AI and data with a focus on mindset and business services. Lean systems, like those of neo and digital-only banks, are good, bu...
FinextraTV: Adapting to change: How financial institutions can revolutionise core banking systems
zhlédnutí 150Před měsícem
Siobhan Byron, EVP of Universal Banking at Finastra, discusses how innovation is not just limited to the neo and startup banks, indeed established banks are combining the move-fast philosophies of the emerging players with their own considerable assets. The conversation highlights the need for financial institutions to have a clear vision and strategy, find the right pace and technology for tra...
EBAday 2024: 2024 Payments Trends and Adding Value
zhlédnutí 253Před měsícem
At EBAday 2024, Michael Whitehead, Head of Sales - Europe, iGTB, and Tapan Agarwal, Head of Payments Solutions, iGTB, Intellect Design Arena, focus on the range of payments trends that are circulating within the industry and what is pushing innovation forward. The pair pay close attention to European regulations that are mandating instant payments, as well as the One-Leg Out Instant Credit Tran...
EBAday 2024: How Open Banking will Enable Embedded Finance
zhlédnutí 223Před měsícem
At EBAday 2024, Afonso Eça, Appointed Executive Board Member, Banco BPI, expands on the future of open banking and embedded finance and how these two trends are transforming the financial industry. While regulatory pushes such as PSD2 led to more uptake of open banking, financial institutions continue to take advantage of what is occurring in the fintech space and move forward. The conversation...
EBAday 2024: SEPA, ISO 20022 and the Road to Innovation and Resiliency
zhlédnutí 231Před měsícem
At EBAday 2024, Renata Vilanova Lobo, Head of Global Clearing, J.P. Morgan Payments, explores the cross-border impact of SEPA on European and global interoperability and why ISO 20022 is crucial for financial institutions. There is an urgency for financial institutions to transition because of deadlines, but also due to the great benefits this change can bring to the industry, being the biggest...
EBAday 2024: What changes lie ahead for the future of real-time payments
zhlédnutí 178Před měsícem
At EBAday 2024, Paul Francis Walvik-Joynt, Senior Vice President, Real Time Payments, Mastercard, shares an outline of what changes lie ahead for real-time payments and what the proliferation of real-time payments means for the adoption of instant payments. It is evident that trust needs to be maintained as the industry grows and introduces new networks, ensuring organisations are remaining res...
FinextraTV: The global approach to solving payee verification challenges
zhlédnutí 116Před měsícem
Albert Sitelis, Head of Partnerships & Market Development at Banfico, discusses the hurdles of meeting the IP regulation compliance deadline for payee verification at EBAday 2024. With over 5000 PSPs in Europe, connectivity remains a major challenge, despite existing name check systems in several countries. Sitelis stresses collaboration among schemes, technical providers, and banks as crucial,...
EBAday2024: Looking Ahead to the Future of Cross-Border Payments
zhlédnutí 203Před měsícem
At EBAday 2024, Dawid Janas, Global Head of Clearing & FI Payments, Treasury and Trade Solutions, Citi, discusses the biggest changes happening currently across the cross-border payments landscape and how banks can ensure success in this rapidly changing environment. The conversation also turns to the technologies driving this change and how financial institutions can successfully scale their c...
What African Banks are Prioritising Today
zhlédnutí 397Před měsícem
Join FinextraTV at the Temenos Community Forum 2024 as Lee Allcorn, Managing Director, MEA, Temenos and Deribie Asfaw, President, Cooperative Bank of Oromia talk about the priorities for banks across the African continent and the speed at which business and innovation operates here. Today, clients are prioritising trust, security and ensuring that their investments are as risk-free as possible....
Money20/20 Europe 2024: Fintech Collaboration in Banking and Reshaping the Industry
zhlédnutí 79Před měsícem
Money20/20 Europe 2024: Fintech Collaboration in Banking and Reshaping the Industry
Core Banking Transformation: Enabling Future Growth at a Systemic Bank
zhlédnutí 238Před měsícem
Core Banking Transformation: Enabling Future Growth at a Systemic Bank
EBAday 2024: The road to compliance
zhlédnutí 97Před měsícem
EBAday 2024: The road to compliance
TCF 2024: Considering Cloud? Here are the options for banks
zhlédnutí 132Před měsícem
TCF 2024: Considering Cloud? Here are the options for banks
EBAday 2024: The Potential of Programmable Payments
zhlédnutí 503Před 2 měsíci
EBAday 2024: The Potential of Programmable Payments
Money 2020 Europe 2024: Pioneering Innovation in Cross-Border Payments
zhlédnutí 108Před 2 měsíci
Money 2020 Europe 2024: Pioneering Innovation in Cross-Border Payments
EBAday 2024: Payments Evolution: Key Drivers for Transformation
zhlédnutí 126Před 2 měsíci
EBAday 2024: Payments Evolution: Key Drivers for Transformation
EBAday2024: How Composable Banking Platforms Can Support Digital Transformation in Corporate Banking
zhlédnutí 142Před 2 měsíci
EBAday2024: How Composable Banking Platforms Can Support Digital Transformation in Corporate Banking
Money2020 Europe 2024: Embedded finance, card programmes, and scaling payments solutions
zhlédnutí 104Před 2 měsíci
Money2020 Europe 2024: Embedded finance, card programmes, and scaling payments solutions
EBAday 2024: Cross-border payments: Unveiling the real value of industry initiatives
zhlédnutí 148Před 2 měsíci
EBAday 2024: Cross-border payments: Unveiling the real value of industry initiatives
Green Finance Institute: 8-53% of the UK’s 7 Largest Banks’ Portfolios Exposed to Transition Risks
zhlédnutí 68Před 2 měsíci
Green Finance Institute: 8-53% of the UK’s 7 Largest Banks’ Portfolios Exposed to Transition Risks
EBAday 2024: Verification of Payee: Why pan-European cooperation matters
zhlédnutí 188Před 2 měsíci
EBAday 2024: Verification of Payee: Why pan-European cooperation matters
TCF 2024: Fintech in Asia: How are Digital Experiences Evolving?
zhlédnutí 88Před 2 měsíci
TCF 2024: Fintech in Asia: How are Digital Experiences Evolving?
FinextraTV: Are Brits sleepwalking into a debt disaster?
zhlédnutí 100Před 2 měsíci
FinextraTV: Are Brits sleepwalking into a debt disaster?
TCF 2024: Why without technology, there would be no banks
zhlédnutí 150Před 2 měsíci
TCF 2024: Why without technology, there would be no banks

Komentáře

  • @vivekkrishnan8325
    @vivekkrishnan8325 Před 4 dny

    Arun you are very insightful and inspiring

  • @JossOrtan
    @JossOrtan Před 6 dny

    Excellent breakdown of threat intelligence sharing! How do you think organizations can overcome the challenges of trust and collaboration when it comes to sharing sensitive threat data?

  • @KingChanning
    @KingChanning Před 11 dny

    Quant’s OVERLEDGER is the future of finance and the future of sending value across the world. WWL 🙌🏾

  • @nathalysanchez9720
    @nathalysanchez9720 Před měsícem

    Su servicio de @prestanomico es pésimo, te depositan cuándo quieren y cuándo lo hacen te pueden cobrar cuándo ellos quieran, los que te atienden en cobranza te lo dicen literalmente ellos pueden hacer con tu dinero lo que ellos quieren por que así lo especifican en el contrato así que cuidado con ellos son como monta deudas , aparte comparten tu información con mas financieras que sacan prestamos con tu nombre y después te cobran y te aseguran que tienen contratos tuyos

  • @NerdyX90
    @NerdyX90 Před měsícem

    Quant is the future.

  • @ZavenTheRapper
    @ZavenTheRapper Před 2 měsíci

    I love quant

  • @QUANT_PAPA
    @QUANT_PAPA Před 2 měsíci

    💪

  • @Joefitjohnson
    @Joefitjohnson Před 2 měsíci

    👀👀👀📈📈

  • @NerdyX90
    @NerdyX90 Před 2 měsíci

    Volante 🤝 RippleNet

  • @traceylall6401
    @traceylall6401 Před 2 měsíci

    I think if the industry is to efficiently adopt AI, there should be 3rd party certification of models for specific use cases to help accelerate the banks model approval process.

  • @MrPerfect229
    @MrPerfect229 Před 3 měsíci

    What I feel like he is trying to say is that they are waiting on the government.

  • @vaughansamuelson6552
    @vaughansamuelson6552 Před 3 měsíci

    It seems to me that you are reading tealeaves, which tell you nothing. So you are alarmed and feel obligated to consider the worst outcomes. So, put your premiums up, withdraw from climate related insurance. There are two problems, climate sensitivity has been wildly exaggerated and the measures taken to combat climate change have been ineffective and counter productive. The latter is damaging economies and your industry as well. The priority is for the science to be improved, isolated from lobby groups, so that fact based decisions can be made.

  • @ibraheemali7763
    @ibraheemali7763 Před 4 měsíci

    Now day's people are doing fraud by using his name photo If his team is there they can reach me I will send u that what's app group link sir name using and doing corer of rupees fraud

  • @QUANTPAPA
    @QUANTPAPA Před 4 měsíci

    💪

  • @user-qd8ft2ke4z
    @user-qd8ft2ke4z Před 4 měsíci

    How can not but smile what a moment ❤️💜

  • @fernandos5403
    @fernandos5403 Před 5 měsíci

    Qnt...this only happens every once 30-40 years, we are re- arquiteture financial structure... Gilbert verdian. This is awesome 👌

  • @fidlaf1
    @fidlaf1 Před 6 měsíci

    XRP is a universal currencies, meaning anyone can use them as units of value anywhere in the world. That universality gives digital assets global reach and the ability to settle much faster than traditional assets. the XRP Ledger is ~1,000 nodes. Even if you just look at Ripple's UNL, Ripple only control 4 of those validators. Yes, Ripple are a company and have the right to service whomever. Just like any Bitcoin company.

  • @fidlaf1
    @fidlaf1 Před 6 měsíci

    CBDC/FIAT --> XRP --> CBDC/FIAT In other words: $XRP = Global Bridge Currency

  • @fidlaf1
    @fidlaf1 Před 6 měsíci

    The way I see it: Bitcoin was meant as peer to peer digital cash, that no government/entity can control. XRP could be as well but also as a bridge between all currencies, assets. That makes the vision larger. Also other functions added, such as built in DEX and more.

  • @fidlaf1
    @fidlaf1 Před 6 měsíci

    There’s is NOT going to be just 1 single blockchain that would take it all. There’re countless use cases, markets & problems to be solved by this transformative technology, and each cryptocurrency does its own thing. There will not be only one winner. We are in a new internet era ❤

  • @fidlaf1
    @fidlaf1 Před 6 měsíci

    XRP baby ❤

  • @NerdyX90
    @NerdyX90 Před 6 měsíci

    Thank you for these interviews, I've learned so much in the past year.

  • @Rob_Cash71
    @Rob_Cash71 Před 7 měsíci

    ISO 20022...😎

  • @Rob_Cash71
    @Rob_Cash71 Před 7 měsíci

    "Interoperability" is a buzzword in the blockchain digital asset realm..😎

  • @TheFintechTechie
    @TheFintechTechie Před 7 měsíci

    Excellent initiatives being undertaken by SWIFT in this fast ever changing payment landscape.

  • @an67481
    @an67481 Před 8 měsíci

    NatWest needs to reinstate Farage ⚠️

  • @2smoulder
    @2smoulder Před 9 měsíci

    Preventing and exposing financial crimes is an important mechanism for global security and trust in financial institutions. The problem as I see it is that most, if not all firm's management, are wedded to boosting individual bonuses and group profits, often at the expense of shareholder and investor interests. Until this culture changes, nothing will change and RegTech will be at best paid lip service, and at worst ignored.

  • @superherohaze3129
    @superherohaze3129 Před 10 měsíci

    Great interview and insight

  • @PianoGesang
    @PianoGesang Před 10 měsíci

    Hey Diefi, wusste immer wie intelligent Du warst/bist. Schön Dich zu sehen. Siehst gut aus (vor 5 Jahren)

  • @RodBarkerdigitalmediablog
    @RodBarkerdigitalmediablog Před 10 měsíci

    ‘’Economic growth Economists define the ‘economy’ as all those organised activities and behaviours associated with the production, allocation, exchange and consumption of the valuable (scarce) goods and services required to meet the needs and wants of the participating population. But this is a simplistic, limited definition. An ecologist might describe the economy as that set of behaviours and activities by which humans interact with their biophysical environment (the ecosphere) to acquire the material resources required for life, and to dispose of the waste materials that result from both our biological and industrial metabolisms. Economic accounts should therefore record all the energy and material ‘throughput’ from the natural world through the human subsystem and back into nature; they should even account for those produced goods that do not enter formal markets, as these add to gross material consumption. In other words, human economic behaviour helps define the human ecological niche, the role H. sapiens plays in interacting with, and altering the structure, function and species composition of, the ecosystems of which we are a part. From this perspective, economics really should be human ecology. But it is not’’ (Merz et al, 2023, p7). More finanace and material throughput will not solve the situation we're in. We need to reduce all material use and pollution outputs. According to Prof. Hans Joachim Schellnhuber from the Potsdam Institute for Climate Impact Research, to avoid climate catastrophe, we need to reduce emissions of CO2 to 3t per person per year. Professor Schellnhuber proposes that each person could receive an allowance of three tons of CO2 per year. Those who need more would have to buy from those who consume less. For this transformation to happen, it will need to be seen as the most reasonable and practical way forward by the majority. As we’ve seen throughout history, the likes of Galileo who claimed that the earth revolved around the sun, he risked being burnt at the stake. Instead, he was given a chance to renounce his heresy and kept under house arrest for the remainder of his life. To maintain the edifice of the religious network, quelling alternative worldviews and evidence was of utmost importance. It seems that we now face a similar dilemma. Do we continue to listen to those who make false claims of the need for continual growth, or do we make bold moves to live within planetary boundaries?

  • @poojasaxena2383
    @poojasaxena2383 Před 10 měsíci

    So proud to have a friend who is contributing new ideas for a better economy

  • @QUANTPAPA
    @QUANTPAPA Před 11 měsíci

    💪

  • @muskduh
    @muskduh Před 11 měsíci

    Thanks for the video!

  • @ParkeLife
    @ParkeLife Před 11 měsíci

    You should always, ALWAYS, trust a man wearing a 3-piece suit and running shoes 👌🏼 Chainlink is about to secure the entire financial system. $LINK is the universal gas token. IYKYK

  • @yhuda247
    @yhuda247 Před 11 měsíci

    Nice shoes Sergey 👍

  • @alphabeta6813
    @alphabeta6813 Před 11 měsíci

    Looks like chainlink will be leading the fourth industrial revolution!!

  • @hotmicio
    @hotmicio Před rokem

    My hat off for you, Mrs. Pellegrino👍👏💪

  • @user-zh1uf5ui7g
    @user-zh1uf5ui7g Před rokem

    That's an outstanding, informative broadcast. So much pithy information to provide clarity on the subject. Great guest too. Thank you!

  • @BattleScar09
    @BattleScar09 Před rokem

    Rik is a total legend! 👍👍👍🔥🔥🔥

  • @ShabaazShaikz
    @ShabaazShaikz Před rokem

    Good thought

  • @RichardForster-gu1ww

    I am afraid my lord, you are full of crap. Electric cars are much more polluting than older petrol or diesel cars, because for a start they have to be built. Nissan proved 50 years ago that to build a car creates as much CO2 and pollution as a car makes in its life time. Then you have the mining process for lithium, cobalt, rare earth, gold, and the fact child labour is used for these mining processes. Besides you cannot convince me that my Renault Modus diesel, that was sold to me as Eco 2 car, and does 60 MPG. is more polluting than the armies fighting wars, cement making, huge tankers, cruise and container ships, that burn stinking bunker C, not to mention the coal fired electric power stations to generate electricity for your electric car. If you can prove to me that my car is more polluting I will junk my car and use a bicycle.

  • @ruhanjaybora9570
    @ruhanjaybora9570 Před rokem

    Amazing interview from Boris and Tony

  • @mikematthews2750
    @mikematthews2750 Před rokem

    So, Mr Bradbury, you are an advocate of the cashless society. I challenge you to show that this is good for everyone. 40million people are in danger of being locked out of the system. I will fight you and the rest of you to the bitter end to retain freedom and choice.

  • @insertname5421
    @insertname5421 Před rokem

    KYC is just a symptom of government incompetence. Why do we need to fill in the same data over and over, when the state already has it? Answer: Incompetence

  • @insertname5421
    @insertname5421 Před rokem

    KYC is not necessary, it is just evil and bureaucracy. Disgusting

  • @venkatadriphanibhatla3868

    Really very insightful, good point on Co Existence

  • @lw1zfog
    @lw1zfog Před rokem

    it’s a cradle to grave, biometric ID ruled technocratic panopticon. King Chaz of the Guelph European Black Nobility mafioso founded the WEF. Kissinger schooled Klaus Schwab. a CCP style social/carbon credit daily prison. B€A$T $¥$T€M.

  • @muskduh
    @muskduh Před rokem

    thanks =)