Tuesday, October 15th, 2024

Collaborative Strategies to Strengthen Your Defences Through Real-Time Monitoring and AI

6:30 PM - 8:30 PM PST | Shangri-La, The Fort, Manila

Event Overview

The Philippines has a complicated consumer payment environment. Despite the heavy usage of credit cards, both the banked and the underbanked increasingly rely on digital financial services, especially e-wallets, which are now widely accepted. E-wallets not only facilitate transactions but also play a critical role in the distribution of remittances by providing the ‘last kilometer’ of high-volume cross-border electronic money transfers, further eroding reliance on cash. However, this increased adoption of e-wallets has also magnified the impact of fraud due to faster payment processing. Additionally, the risks of credit card fraud continue to rise, adding pressure to implement robust fraud detection systems.

BSP is leading the region by requiring financial institutions to use real-time fraud monitoring and integrate fraud and AML systems, though achieving compliance remains challenging. The complexity of fraud threats, digital money flows, and regulatory demands results in a heightened risk of fraud.

In this landscape, the adoption of AI presents both opportunities and challenges. AI technologies can significantly enhance fraud detection by identifying suspicious patterns in real-time and adapting to emerging fraud tactics. However, practitioners must optimize the underlying performance infrastructure to handle high data analytical demands efficiently, ensuring that AI’s full potential is realized in enhancing fraud detection and reducing reliance on manual investigation.

DISCUSSION POINTS

  • What strategies are being used to stay ahead of emerging fraud risks?
  • How can enhanced collaboration and data sharing between fraud and AML teams help address rising fraud risks?
  • How can real-time fraud detection, AI systems and optimized performance infrastructure be integrated to meet the compliance requirements outlined in BSP 1140?
  • What technologies or tools have significantly contributed to your ability to detect and prevent fraud?
  • Looking forward, what upcoming trends do you see in AI-driven fraud prevention, and how is your organization preparing to adapt?

Request to Attend

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*Please note that this is an invitation-only event and space is limited. All requests to attend will be reviewed by our event staff and approved based on professional qualifications and event capacity. Additionally, these events will not be recorded and the Chatham House Rule will apply.


Suparna Goswami

Associate Editor

ISMG (Moderator)


Ian Holmes

Global Director for Enterprise Fraud Solutions
Risk, Fraud & Compliance Solutions

SAS Institute


Lina Tong

Customer Advisory, ASEAN Fraud & Security Intelligence Practice

SAS Institute

Speakers

Join your peers and thought-leaders Ian Holmes and Lina Tong from SAS Institute along with Suparna Goswami to discuss Collaborative Strategies to Strengthen Your Defences Through Real-Time Monitoring and AI.

This  session will be:

  • Chatham house rules
  • Peer driven
  • Pitch free

Get an Exclusive Sneak Peek of This Roundtable!

Venue

Shangri-La The Fort, Manila

30th Street, corner 5th Ave, Taguig, 1634 Metro Manila, Philippines

Rules of Engagement

By taking part in this discussion you agree that:

  • These events follow Chatham House Rule. Nothing shared will be recorded or distributed anywhere online.
  • If for any reason you need to cancel your reservation, we ask you to let us know 48 hours prior to the event commencing so we can open your seat up to someone else.
  • These are interactive discussions, so we ask that all attendees participate in the discussion. 

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