The Future Of Financial Crime And Fraud Management For FI is a captivating event on implementing a plan of action to detect counterfeit transactions and avert these actions from initiating financial and reputational damage to the customer and financial institution using fraud management strategies. This concept insinuates a sturdy commitment to the prevention and to implementation of fraud management solutions that dodge the risk posed by unplanned situations. Oracle professionals from international brands will share an understanding of the software that helps chief acquisitions and financial administration maintain spending clarity.
Fraud Detection Using Big Data Analytics
Fraud detection and prevention analytics is based on data mining and machine learning and is used for fraud analytics use cases such as payment fraud analysis, financial fraud analysis, and insurance fraud detection analysis. Detecting fraud with data analytics, software, and tools, and a fraud detection and prevention program enables organizations to predict conventional fraud tactics, cross-reference data through automation, manually and continually monitor transactions and crimes in real-time,
and decipher new and sophisticated schemes. Fraud detection and prevention software are available in both proprietary and open-source versions. Standard features in fraud analytics software include a dashboard, data import and export, data visualization, customer relationship management integration, calendar management, budgeting, scheduling, multi-user capabilities, password and access management, Application Programming Interfaces (API), two-factor authentication, billing, and customer database management.
The local landscape
There have been several incidents of internal fraud over the past few years, some involving business closures. Widespread events in the public sector, remote gaming, and finance show that all sectors can be affected and have negative consequences for consumer confidence in business. On the other hand, companies are investing in anti-fraud systems. Building a framework for fraud risk management and a strong internal financial
control system can help organizations mitigate the risk of loss from fraud and financial crime, and many organizations employ internal audit and risk management experts to provide strong fraud control systems. or hire. For years, retailers have been looking for a combination of technology solutions and internal controls to detect and prevent fraud.
Putting artificial intelligence first
New technologies allow scammers to advance further. As quantum computers advance, they too can become a serious threat. Computational speed gives you the ability to break encryption, which seriously impacts your digital privacy and security. All Internet of Things (IoT) devices uses encryption to communicate over secure connections. These messages can be intercepted and decrypted along with all encrypted data stored in databases today.
The subtlety of the scammers and the risks posed by quantum computers make the development of artificial intelligence a top priority. AI, already used in anti-fraud technologies, is expected to evolve further, using supervised and unsupervised machine learning and anomaly analysis to detect unpredictable fraud patterns.
"Force and fraud are, in war, the two cardinal virtues." — Thomas Hobbes, Philosopher
"There is a simple rule here, a rule of legislation, a rule of business, a rule of life: beyond a certain point, complexity is fraud. You can apply that rule to left-wing social programs, but you can also apply that rule to credit derivatives, hedge funds, all the rest of it." — P.J. O’ Rourke, Research Fellow, Satirist, Journalist
Innovative keynotes delivered by the industry's true heavyweights, covering practical challenges and subjects which are exclusively entailed in our agenda. Gain subject matter expertise, network, and collaborate to explore solutions that shed light on future business models impacting revenue inflows.
Boost your Business
Futurista Start-up Elevate is a dedicated platform for Startups and VCs. We offer industry-specific startups a showcasing opportunity, enabling them to connect with corresponding VCs and Mentors. A win-win dynamic is created to attain the desired exposure for startups who are looking forward to scaling up their businesses.
Intelligent Event Experience
A smart application will help you connect with key decision makers, share files, brainstorm ideas, and have a seamless networking experience. A comprehensive module covering the entire event, compiled for training purposes, to be made available post-conference, exclusively for the attendees.
Energy & Power
A premium networking experience with a pristine venue, smart applications, and fine dining services, enabling our delegates to make the most out of their time in a business class environment.
Filtered invitations for the selected key decision makers representing the world's largest organizations across industries, academia, and government organizations, making the conference apt and productive in all aspects.
Provision of a platform to innovative start-ups, leading solution providers, and cutting-edge product developers.
Customized packages designed for the right id of exposure, for the right kind of audience.
Most creative people in business: leaders who are shaping the Future of business in creative ways.
World changing ideas: Products, concepts and policies that are perusing innovation for good.
Innovation by design: the best products, services, interfaces and design ideas in business.
Most innovative companies: The top companies in technology, media, finance and more.
Futurista Startup Elevate is a platform that transforms big-ideas into reality! The FOF2023.2 21st November, 2023 will fuel start-ups to take themselves to the top by providing access to VC's, Mentors, and Potential Clientele from the corresponding industries. The perks include Product Showcasing, Speaking Slots, and Campaigns running among our thoroughly researched pack of delegates.
“Although the technology allows us to develop a bot that behaves in just about any way, that doesn’t mean we should.” —Szymon Rozga