Today’s financial services institutions face the ongoing challenges of risk management and payment fraud in a rapidly changing global-technological environment. Are these merely symptoms of a looming future problem? Joe DiVanna discusses the future of payment systems and the birth of 3-dimensional operational risk. This lecture examines fraud and risks from several perspectives: how do we mitigate risks in current state of operations, what are the new opportunities for fraudsters in an uncertain future, and how institutions must manage a portfolio of ever-changing risk scenarios? This half-day workshop puts forth a view that risk and fraud must be assessed, managed, and mitigated at each intersection point of an institution’s internal-external transaction process, while simultaneously assessing the organizations, customers, and partners that interact or generate transactions.
Nov
03
Of Partners, Payments and Thieves: A Multifaceted View of Fraud and Risk Management
