Today, the Emerging Payments Association (EPA) launched its findings on the changing nature of Financial Crime. The research culminated in a whitepaper by the EPA, in association with Barclays, Refinitiv, AimBrain and other EPA Syndicate members.
The launch was delivered at a Hot Topic Briefing this morning, featuring insight and discussions from a range of experts experts across payments, fraud & digital identity and financial crime research.
Twelve recommended actions were identified through the industry research, forming the focus of the ongoing Project Financial Crime working group. Information sharing and a cohesive approach to Digital Identity were among the recommendations.
“We were pleased to have been able to contribute our expertise to the report”, said Antony Bream, Global Head of Enterprise Sales & New Business at AimBrain. “It not only details the scale and sophistication of organised crime today, but has a pragmatic and tangible approach to fixing the problems. We look forward to playing a more active role in the discussion around how biometrics and machine learning can detect and prevent fraud in the payments landscape.”
The whitepaper is available for download on the Emerging Payments Association website.