883. Focus: How can AI fight financial crime and reduce payments fraud?

Jul 31, 2024

David Capezza, VP Head of Risk Advisory for Europe at Visa, dives into the role of AI in fighting financial crime within real-time payments in the Nordics. The discussion highlights how emerging fraud patterns challenge the industry as payments speed up. Capezza emphasizes the need for high-quality data in fraud detection and the importance of collaboration among financial institutions. The episode also explores innovative digital wallets and the intersection of AI with identity verification to enhance payment security.

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Intro

00:00 • 2min

Innovations in Digital Wallets

02:24 • 5min

Innovations in Real-Time Payments

07:04 • 20min

Harnessing AI for Financial Crime Prevention

27:11 • 4min

AI and Data Quality in Financial Fraud Prevention

31:23 • 11min

Navigating Financial Risk: Trust and Innovation

42:35 • 5min

Envisioning the Future of European Real-Time Payments

47:11 • 2min

Exploring Trustworthy Digital Identities and Their Impact on Financial Transactions

48:51 • 2min

In this final episode of the current series of Fintech Insider Focus, in collaboration with Visa, we conclude our journey around different industry niches and regions in Europe, by looking at real time payments and the role AI could play in fighting financial crime and fraud in the Nordic region.

11:FS host Rachel Pandyan, Product Lead, 11:FS alongside David Capezza, VP Head of Risk Advisory for Europe at Visa, examine the rate of payments innovation, change and expectations of real time payments in the Nordics. They also ask, if as payments speed up, so too do the fraudsters, and could AI play a role in helping fin crime as much as fighting it? And what can the industry do to stay ahead?

We were delighted to be joined by a panel of fantastic guests with expertise in this space and from 2 key companies based in the Nordic region:

Silke Oeverby, Chief Risk & Compliance Officer, Vipps
Monika Liikamaa, co-CEO, Enfuce

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Fintech Insider by 11:FS is a bi-weekly podcast dedicated to all things finance, banking, technology, and financial services.

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