Webinar: Do you have the right intelligence in place for the PSR rules?
Make sure you have the right intelligence and strategies in place to protect your customers from scams and your organisation from PSR reimbursement liabilities.
Register TodayPSR Intelligence
Do you have the right intelligence and strategies in place to protect your customers from scams and your organisation from PSR reimbursement liabilities?
The PSR reimbursement rules are scheduled to come into play and will require that victims of APP fraud are fully reimbursed, with the cost being split 50:50 between sending and receiving firms.
To protect customers and prevent multiple potentially large fraud claims becoming a significant cost to business, financial services companies will need to be confident they have the right intelligence and strategies in place to detect fraudulent payments and mules.
Given the challenging timescales, it’s unlikely that many organisations will have refined their approach by the time the new rules come into effect and will need to iterate these over time.
To help you prepare, in this session we will be considering:
The physical, digital and behavioural intelligence available to support you in identifying fraudulent payment networks and why Confirmation of Payee alone is not enough.
Modelling and analysis that can be applied to help you vet and manage mules, to guide them in determining appropriate treatment strategies.
Hidden risk signals that can be used to identify social engineering as strong indicators of potential APP fraud.
How intelligence sharing between banks is enhancing fraud strategies and uncovering new insight.
Join us and learn about the different approaches that major banks and challengers are employing to support them in detecting and preventing APP fraud.
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