Home Mortgage Disclosure Act (HMDA) Reports - Meeting Regulators: Expectations - Tools and technique to reduce errors

Fraudsters are always looking for new opportunities and new weaknesses. The availability of customer data on the black-market gives them just the tools they need. A bank has responsibilities to its shareholders and customers to protect them from these ever-changing threats. This webinar will furnish attendees with a complete understanding of the changes in the fraud arena and the strategies needed to combat fraud.

Why Should You Attend:

There are reasons to believe that fraud losses are actually higher than recognized. Banks cannot combat the fraud industry with outdated methods. Some fraud losses are buried in card interchange fees. A significant amount of fraud losses likely get reported in banks’ accounting as credit losses. But they weren’t due to poor credit decisions; they were fraud scams from day-one.

Software is widely installed to identify specific patterns and unusual transactions. But fraudsters know this and are constantly striving to create new patterns where their transactions are designed not to be flagged. Like in a game of chess, the advantage goes to the side that thinks the most moves ahead.

This webinar will discuss current fraud issues, trends and emerging threats. The instructor will highlight eight best practices through which fraud can be addressed by a bank. Additionally, some of the key learning objectives of the course are to detail:

• The changes in the fraud arena.
• The techniques that are most important today.
• The fraud-breaking mindset which will serve you well going forward.

Areas Covered in the Webinar:

• Reasons for focus on fraud: it is not just the money, its reputation
• Current fraud issues, trends and emerging threats
• Two step process: identity and execution
• Specific identity aspects of frauds
• Payment systems issues (check image, ACH growth)
• Credit issues (cards and loans)
• Centralizing financial crime responsibilities
• Best practices: eight points where fraud can be addressed by a bank
• The importance of analysis, learning and improving
• Strengthen risk ratings and rule parameterization
• Identify new techniques and design new strategies
• Optimize across channels, products, and geography
• Four ways to add value to your bank

Who Will Benefit:

This webinar will provide valuable assistance to all personnel in any role in addressing fraud in banks. This includes:

• Retail banking leaders
• Risk and compliance officers
• Loss control managers
• Employees designing fraud controls
• Employees involved in detecting fraud attempts
• Staff who manage the investigation of fraud alerts
• Personnel who analyze fraud losses
• Personnel who use advanced fraud detection systems