Indue Indue
Indue Connect
  • Home
  • Our Story
    • The Indue Difference
    • Our Clients
    • Industry Representation & Partners
    • Regulatory Disclosures
    • Corporate Responsibility and Giving Back
  • Our Markets
    • Fintechs
    • Retailers
    • Banking
    • Religious Charitable Development Funds
    • Mutuals
    • Mortgage Originators
    • Program Managers
    • Government
  • Our Solutions
    • New Payments Platform (NPP)
    • Orion Financial Crimes Service
    • Prepaid & Gift Card Programs | Indue
    • Mobile Payments
    • Nucleus Card Platform
      • Credit Cards
      • Debit Cards
    • Bureau Service
    • Payment Services
  • Our People
    • Our Culture
      • Join The Team
      • Life At Indue
    • Our Leadership
      • Our Board Members
      • Our Executive & Senior Leadership Team
  • News & Events
  • Media Centre
  • Contact Us
  • Call
Indue Indue
  • Home
  • Our Story
    • The Indue Difference
    • Our Clients
    • Industry Representation & Partners
    • Regulatory Disclosures
    • Corporate Responsibility and Giving Back
  • Our Markets
    • Fintechs
    • Retailers
    • Banking
    • Religious Charitable Development Funds
    • Mutuals
    • Mortgage Originators
    • Program Managers
    • Government
  • Our Solutions
    • New Payments Platform (NPP)
    • Orion Financial Crimes Service
    • Prepaid & Gift Card Programs | Indue
    • Mobile Payments
    • Nucleus Card Platform
      • Credit Cards
      • Debit Cards
    • Bureau Service
    • Payment Services
  • Our People
    • Our Culture
      • Join The Team
      • Life At Indue
    • Our Leadership
      • Our Board Members
      • Our Executive & Senior Leadership Team
  • News & Events
  • Media Centre
  • Contact Us
  • Call
  • Indue Latest Industry News and Events
Mar 26

Financial Crime: Navigating the LIMITLESS Criminal World

  • March 26, 2019
  • Events, Financial Crimes, Industry News

Financial Crime: Navigating the LIMITLESS Criminal World

Long gone are the days where face-to-face transactions and human interaction defined the banking experience, and when security guards at a bank entrance was all that was needed to prevent a criminal attack.

financial criminal worldThanks to digital banking, a criminal has the ability to tap into the payments gateway through a number of avenues at any time of day. Today’s financial criminal world is sophisticated and organised, with criminals working around the clock to achieve two things:

  • — Accessing customer money
  • — Stealing a personal identity

With funds moving faster than ever via multiple channels, it is becoming increasingly difficult for financial institutions to monitor, identify and prevent an attack. When poorly managed, these faster payments mean equally fast crime, making it vital for organisations to get the upper-hand on payments predators. But how?

Hanging in the balance

For many financial institutions, the challenge lies in balancing customer demands with organisational risk.

If the demands of the market are not met, organisations can face issues across customer retention, reputation and the bottom line.  With the shift to real-time comes the expectation for an immediate experience, but for a financial institution, this can mean multiple attack points and potential threats to the organisation.

Future-proofing and finding the right balance for the business requires a three-pronged approach:

  1. Establishing the appropriate culture – does the organisation understand and manage the inherent risk?
  2. Implementing the right technology – has the organisation adopted the latest technologies leveraging Artificial Intelligence (AI), machine learning and behavioural profiling?
  3. Employing key skill sets – does the organisation have the right personnel with the appropriate skill sets to manage financial crime?

The solution sounds simple, but like the digital banking environment, it is far more complex.

While challenging, these changes present a positive opportunity for financial institutions to improve the customer experience through protecting their customers and better serving their needs.

Turning the tide on the Financial Criminal World

You may have the right technology or the latest digital offerings but if your personnel aren’t experts in managing financial crime or applying AI technology, you still don’t have a solution or a strategy to keep the criminals out.

Hear More from IBM’s Financial Crimes Demystifier

To understand how you can get on top of financial crime once and for all, hear from IBM’s Financial Crimes Demystifier, Steve Scheurmann at the upcoming Indue Leadership Forum, Limitless – The new payments world on 30 May.

Steve will highlight ways we can adapt and increase our understanding of AI and technology if we are to successfully combat financial crime, and the consequences if we ignore the signs.

Click here to find out more and secure your seat today.

  • Facebook
  • Twitter
  • LinkedIn
  • E-Mail

Related Posts

  • Top 6 Social & Demographic Trends for 2019May 9, 2019
  • 2019 Indue Leadership Forum: Limitless | May 29 & 30February 18, 2019

Leave a reply Cancel reply

Your email address will not be published. Required fields are marked *

CATEGORIES

  • Artificial Intelligence (AI)
  • Events
  • Financial Crimes
  • Fintech
  • Indue
  • Industry News
  • Mobile Payments
  • NPP
  • Open Banking
  • Prepaid
  • Technology
  • Webinar

Subscribe to Indue News

Our Story

The Indue Difference

Our Clients

Industry Representation & Partners

Regulatory Disclosures

Our Markets

Fintechs

Retailers

Banking

Religious Charitable Development Funds

Mutuals

Mortgage Originators

Program Managers

Government

Our Solutions

New Payments Platform (NPP)

Orion Financial Crimes Service

Prepaid & Gift Card Programs

Mobile Payments

Nucleus Card Platform

Payment Services

Connect With Us

Enquire Online

LinkedIn

Twitter

YouTube

© Copyright 2018 Indue Ltd | ABN 97 087 822 464 | AFSL No 320204 Legal, Privacy Policy & CookiesFinancial Claims Scheme

Please fill in your details below and you will be redirected to The Orion Financial Crimes brochure after submiting the form.

 

  • This field is for validation purposes and should be left unchanged.
Please fill in your details below and you will be redirected to The Orion Financial Crimes brochure after submiting the form.

 

Contact Indue
  • This field is for validation purposes and should be left unchanged.