You Can’t Fight Digital Fraud with One Hand Tied Behind Your Back

Overview

Matt DeLauro from SEON advocates for a unified approach to fraud and AML operations to effectively combat financial crime in the digital age. He highlights the inefficiencies of siloed teams and presents SEON's platform as a solution.

Key Insights

• Unified Approach: Combining fraud and AML teams can eliminate blind spots and improve efficiency. (Source: Matt DeLauro, SEON)
• Synthetic Identity Fraud: Particularly prevalent in APAC, requiring advanced detection methods beyond traditional KYC. (Source: Matt DeLauro, SEON)
• Regulatory Compliance: SEON's platform aids in meeting strict regulatory requirements by providing transparent AI-driven decisions. (Source: Matt DeLauro, SEON)

BFSI Relevance

• Why Relevant: Digital financial crime is evolving, necessitating integrated solutions for fraud and AML.
• Primary Sector: Financial Services
• Subsectors: Fraud Prevention, AML Compliance
• Actionable Implications: BFSI professionals should consider integrating fraud and AML operations to enhance security and compliance.