It was a delight to be part of an insightful discussion on “Interdisciplinary Intelligence: Building 360° Frameworks for Financial Fraud Detection” at the International Symposium on Financial Fraud Investigations, held last week. The session highlighted: ·     how collaboration across forensic, legal, and compliance functions is critical to tackling complex financial fraud risks in today’s evolving business landscape. ·      use of advanced analytics tools, such as AI, ML or blockchain can be integrated into financial fraud framework ·      role played by cybersecurity enterprises in supporting financial fraud detection and digital resilience ·      collaboration between public, private and government agencies be strengthened for faster and more effective financial investigations I would like to extend my gratitude to School of Behavioural Sciences and Forensic Investigations and the Rashtriya Raksha University (RRU) Student Chapter of ACFE for organizing this timely conversation ahead of International Fraud Awareness Week 2025. A big thank you to my fellow panelists CA Sammir S Chaudhary @Vijay Mandora and @Akash Thakar and moderator @Dr. Naveen Kumar Singh for their valuable perspectives. Looking forward to being part of more such discourses that foster knowledge-sharing on fraud prevention and detection. #InternationalFraudAwarenessWeek #EYForensics #RRU

👥 Consumer behaviors are inevitably shifting. People are approaching financial decisions with greater caution, seeking enhanced security, and expecting seamless digital experiences. The financial sector faces rising cyber threats, evolving regulatory requirements and heightened competition. In this context, technologies such as artificial intelligence (AI), and specifically generative AI (GenAI) promise transformative benefits, which will largely depend on whether they’re implemented responsibly and with care. As we look toward 2030, one thing becomes clear: innovation must go hand-in-hand with accountability, that's why financial institutions must prioritize responsible innovation, embedding robust safeguards and ethical practices into every aspect of their services. 👉 Explore the new CRIF Banking on Banks report to discover what’s next in the financial sector! https://lnkd.in/dsmVaAxN #BankingOnBanks #FinancialTransformation #FutureOfFinance #FinancialChallenges #ConsumerFinance #FinanceLeadership

While over 88% of financial firms are pouring resources into AI, many leaders are still concerned about their organizations' ability to navigate the uncharted risks that accompany this technological revolution. Find out more about the results of our recent survey "European Financial Services AI Pulse" and how wealth managers can overcome complexity while keeping up in the race to harness AI's transformative power. New article by our Luxembourg Cyber and Digital Risk Partner Abdelhay Toudma and Jens Schmidt, CFA, Wealth and Asset Management Consulting Leader, published by Agefi. https://ow.ly/tjSo50Xhnti #AI #WealthAndAssetManagement #FinancialServices

A standout moment for me at the Bloomberg Technology Summit yesterday was when discussing innovation and use of AI - "The banking industry has an advantage; we are used to regulations, we know how to manage in a highly regulated environment." This was a powerful insight from Rick Haythornthwaite , Chairman of NatWest Group during his interview with Aisha S Gani of Bloomberg. It reframes the conversation around AI in finance, our regulatory experience isn't a barrier; it's our competitive edge in deploying AI responsibly and at scale. A massive thank you to the speakers who brought so much depth to the critical issues, to Tim Erridge of Palo Alto Networks and Mary Haigh of BAE Systems PLC for the stark reminder that in cybersecurity, the "human firewall" is now the primary battlefield, and AI is a force multiplier for both attackers and defenders. To Sepideh Shokrpour and the fellow CTOs and CIOs in the Innovators Circle for the candid, off-stage conversations about skills gaps and cultural change. It’s a powerful reminder that our biggest challenges are often human, not just technological. Finally, a huge thank you to the incredible Bloomberg team for hosting a flawless event, and especially to Jennifer Hoffmann Roach, Trisha Nayee and Kiana Kelly for all your hard work and making this a huge success. The key takeaway? The future isn't about choosing between speed and safety. It's about leveraging our foundational strengths to master our new-school tools. Read more here https://lnkd.in/e6YKZP5h #BloombergTech #AI #FinTech #Cybersecurity #Innovation #Regulation

In today's world, where trust is a critical currency, threats are evolving at an unprecedented pace. Just imagine: you receive an urgent video call from your CEO. The voice, the face, the gestures... everything seems spot on. They ask you to make an urgent bank transfer, and you, acting in good faith, action it. A few hours later, you discover you are in trouble. You've been fooled, but not by human directly - it was an AI on behalf of the scammer. The voice, the image - everything is perfectly replicated. The line between reality and deception is no longer sharp and clear. This is not only a technological problem. It is also a psychological one, as it preys on trust and time pressure. Deepfakes, once considered a marginal phenomenon, now pose a genuine challenge to corporate security. In 2023 alone, over 500,000 such materials were uncovered and according to forecasts, that number will exceed 8 million by 2025. This shows how quickly we need to act to get ahead of this threat. At MakoLab, we’re focused on building trust in technology. In the latest edition of Mako101, we show how our proprietary AI technology can detect deepfakes in real-time, before they can cause any damage. Do you want to know more about deepfakes and the evolution of digital threats up to 2030? Read article at: https://shr.bi/XyAehYF9

The new face of fraud is AI-driven and micro-scale. Check out the highlights from the Trusting Social Fireside Chat where industry leaders Shailesh Baidwan (Maya), Roel Tan (Bancnet) and Bharath Vasudevan (BCG) weigh in on the challenges of combating sophisticated AI personas and the rise of micro-muling. #FinancialFraud #AIinSecurity #FraudPrevention #FinTechSecurity

Artificial Intelligence Risk, Inc. CEO Alec Crawford is speaking at the Illinois Bankers Association Bank Tech event in Chicago today defining how #communitybanks can integrate high risk AI safely and securely across their entire enterprise, deploying their own proprietary, customized Agentic platform for every employee. Come learn how Artificial Intelligence Risk, Inc. is working directly with community banks, providing informational/educational content on AI GRCC (governance, risk management, regulatory compliance & cybersecurity) which is the critical component to escalate any #financialservices company’s AI journey.

As financial institutions race to outpace increasingly sophisticated digital fraud, INETCO stands at the forefront of developing intelligent defenses. Chief technology officer and co-founder Ugan Naidoo speaks with Gulf Business about how AI and machine learning are transforming fraud detection, the importance of real-time transaction intelligence, and why innovation is key to maintaining trust and resilience in modern banking. Read more: https://lnkd.in/dRsCxFwP #INETCO #FraudPrevention #DigitalBanking #AI #MachineLearning #Fintech #Cybersecurity #UganNaidoo #GulfBusiness #FinancialInnovation #BankingSecurity #RealTimeAnalytics #TechLeadership #DigitalTrust

Is AML ready for its next evolution? For years, AML has been a reactive game of catch-up. But the future demands a proactive, predictive approach. Think of it: AI-driven insights identifying risks before they materialize. Real-time monitoring adapting to emerging threats. Collaboration across borders to dismantle criminal networks. Here are some key shifts we'll see: - Enhanced data analytics for smarter detection. - AI and machine learning automating compliance. - Biometrics and digital identity for secure authentication. - Regulatory sandboxes fostering innovation. - Increased focus on crypto and digital assets. The goal? A seamless, secure financial ecosystem. AML's future isn't just about compliance. It's about building trust and protecting our global economy. What innovative AML strategies are you most excited about?