Preventing 1st Party Lending Fraud: You Already Have the Answer… It’s in Your Data
Preventing 1st Party Lending Fraud: You Already Have the Answer… It’s in Your DataTraditional rules-based monitoring methods are ill-equipped to detect today’s organized, cyber-enabled fraud. As a result, institutions struggle to mitigate the risk that networks of criminal activity represent, and they are hampered by labor intensive analytical processes born out of an inability to establish a holistic view of hidden risk. As regulators turn their attention to intelligence-led investigations, there is mounting pressure to use new technology that can drive value from data and streamline investigation processes. Join Quantexa’s David Manley, Fraud Solutions Lead, and Clark Frogley, Head of AML Solutions for a discussion on investigations and how to enable a step-change across the organization. We’ll address:
- How machine learning and anomaly algorithms can detect lending fraud at speed
- Investing in lending fraud prevention: is it a P&L issue or can fraud compliance become a loss reduction function?
- Managing risk during the Post Covid-19 drive for growth, does increased trade have to lead to increased fraud?
- Ways that technology can address these needs holistically and at the enterprise level