Intelligence sharing is revolutionising the fight against financial crimes, providing a beacon of hope in a landscape increasingly besieged by sophisticated scams.
As fraudulent schemes evolve, becoming ever more creative, the challenge for banks and FinTech companies intensifies. Despite this, when banks suspect fraud, victims often still proceed to authorise payments due to manipulative social engineering techniques.
Yet, there is a potent countermeasure: proactive intelligence sharing. This strategy has proven effective in real-time scam prevention, boasting an impressive success rate in the recovery of stolen funds—up to 80%—and in disrupting the operations of criminal networks. It involves a collaborative approach where financial institutions exchange crucial intelligence, allowing them to halt fraudulent transactions as they happen.
An upcoming webinar from Salv aims to shed light on this dynamic approach. The webinar features Taavi Tamkivi, the co-founder and CEO, alongside Jacob Story, Head of Content.
The webinar will seek to provide invaluable insights into the mechanisms of intelligence sharing.
The webinar will explore several key aspects: Why intelligence sharing is successful, particularly in stopping authorised push payments (APP) fraud; the methods used to trace stolen money to recover funds and pinpoint money mule accounts; and the regulatory landscape, including GDPR, EU AMLR, and banking secrecy laws.
Attendees will also learn about the necessary tools, techniques, and processes required to initiate their journey in intelligence sharing.
Register for the webinar here.
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