BFSI Fraud Detection & Management India Summit

The BFSI Fraud Detection & Management India Summit empowers delegates to transform discussions with real-life insights, fostering innovative solutions to enhance the effectiveness of fraud detection and control programs.

In the dynamic landscape of Banking, Financial Services, and Insurance (BFSI), the pervasive threat of fraud presents a formidable challenge to institutions and stakeholders. With the escalating integration of technology, online financial services, digital payments, and online banking, there is a growing demand for heightened security measures.

The banking industry, a cornerstone of the Indian economy, grapples with a concerning surge in cyber crimes and digital frauds, leading to significant fiscal and data losses. The fiscal year 2023 witnessed a peak in frauds related to digital payments, reflecting the increasing boldness and technological prowess of malicious actors. The evolving scenario over the past two years has markedly expanded their avenues for exploitation.

Against this backdrop, BFSI Fraud Detection & Management India Summit, a two-day summit emerges as a platform for delegates to engage in transformative discussions based on real-life experiences. It facilitates the cultivation of innovative solutions aimed at reshaping the landscape of fraud detection and control programs. Delegates stand to glean valuable insights on high-level risk management, impending challenges, digital and internet-based fraud, broadening the fraud dialogue, profiling fraudsters, empowering internal audit committees, understanding the psychology of fraudsters, investigation frameworks, internal control programs, and recent trends in financial fraud.

The summit’s topic highlights include strategies for identifying, investigating, and promptly acting on suspicious activities, leveraging machine learning and AI for real-time fraud prevention, understanding the latest cyber and online frauds, and fortifying prevention measures. Additionally, the focus extends to conducting comprehensive risk assessments, enhancing transaction monitoring systems, evaluating risks associated with digital payment platforms, and implementing contractual safeguards in managing third-party relationships.

The summit aims to equip participants with the necessary knowledge to navigate the constant challenge of dealing with various types of frauds, safeguarding organizational assets, and fortifying reputations within the ever-evolving BFSI sector.

Date: 27 – 28 February 2024
Venue: Radisson Blu Mumbai International Airport, Mumbai, India.
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For any queries contact: gautami.payyade@inventiconasia.com
To Attend: Register Now

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