Ensure a strong strategy for digital fraud detection in 2023

by James · January 4, 2023

Data management platform Demyst and global identity verification provider Ekata invite you to participate in an intimate and interactive webinar on February 9 from your desktop.

Together, Nicholas Stipp, APAC VP, Ekata, and Scott Albin, International and Chief Strategy Officer, Demyst will discuss the challenges facing the financial services industry in protecting against fraud in a time of ever-evolving social and economic upheaval.

Attendees will also benefit from a live fraud expert, available to answer all your questions in real time.

APAC is home to the fastest growing fintech industry in the world. Unfortunately, with this proliferation and growth of fintech comes a significant increase in fraud. In 2022 alone, one in four APAC consumers were victims of fraud – and that figure is even higher in Southeast Asia (SEA), with one in three consumers reporting online fraud.

Even worse, according to the Global Banking Fraud Survey, over half of respondents recover less than 25% of their fraud losses.

As we kick off the new year, protection against fintech fraud must be seen as a form of social responsibility among financial service providers. Customers demand seamless onboarding and secure transactions; any hint of unnecessary friction will send them packing.

A strong digital fraud detection strategy requires a balance; innovative, intuitive, multi-layered technology that rewards good customers with a streamlined experience while reporting high-risk registrations.

Fortunately, it’s not too late to register – and participate – in this expert discussion on how best to develop a strong digital fraud detection strategy and multi-layered defenses to see you through 2023 and beyond.

Key discussion points will include:

The latest market and fraud trends across APAC in the financial services industry, such as account takeover, phishing attacks, synthetic identity fraud, syndicate fraud and more
The latest consumer profiles and market segments; from the under-banked and thin to the technically-incompetent
Knowing your attacker; their tactics, their techniques and their weaknesses
Enrich and optimize your internal data operations with global identity data and insights to best validate customers in multiple markets around the world
Automating the KYC workflow to quickly validate identities, capture biometric data and seamlessly cross-reference
Predictions of what to expect in 2023; how to stay ahead of the curve with best-in-class tools, technologies and processes that enable seamless identity verification, without impacting conversion rates and customer experience