Roundtable
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Breakfast roundtable: explore the impact and prevention of financial crime

When:

17 July 2018 at 08:00 UK time

Where:

The Walbrook Club, 37A Walbrook, London EC4N 8BS

Breakfast roundtable: explore the impact and prevention of financial crime

Join Finextra, Vocalink and industry experts for our breakfast roundtable on 17 July 2018 at 08:00 UK time as we explore the impact and prevention of financial crime.

The problems of payment-related fraud, including authorised push payment scams, money laundering, and the use of mule networks across payment systems are not new but are of increasing concern for individuals, consumer groups, regulators and the industry as a whole. The impact of financial crime on victims can be devastating, with people’s lives being seriously impacted as a result. For financial institutions, the impact can go beyond monetary loss - to reputation, brand and regulatory censure.

Preventing fraud from occurring, pursuing stolen money through payment systems and returning it to victims, are three of the biggest challenges faced by financial institutions today.

Join us for our forthcoming roundtable discussion, hosted by Finextra and Vocalink, offering opportunity to share insights and debate with your counterparts at other financial institutions, some of the key questions the payments industry is currently facing in relation to this topic including:

  • How can the industry help to protect consumers from falling victim to payment fraud in the first place through cutting-edge prevention measures?
  • How can innovative technologies be used to track and trace funds associated with incidences of financial and cyber-crime, and ultimately repatriate them to victims?
  • Whose responsibility should it be to implement innovative solutions to help tackle issues such as APP scams?
  • What additional solutions will be required to meet the new challenges associated with the adoption of Open Banking, in order to protect all legitimate ecosystem participants?
  • And how can all of this be achieved without negatively impacting the customer experience, given the speed and convenience associated with making payments today?

The session will be moderated by Kevin Brown, Independent non-executive director and advisor, and will feature input from guest speakers:

  • Gary Kearns, Data/analytics business leader, Vocalink Analytics
  • Katy Worobec, Head of Economic Crime & Cyber Resilience, UK Finance

We will discuss under the Chatham House Rule, the impact of payments-related financial crime on UK consumers, identify new trends employed by criminals, and debate how they can be countered using the latest technological innovations.

* Please note that approval will only be granted to registered financial institutions.

 

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