AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Fintech Insider Podcast by 11:FS
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.
51:47
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- AI is crucial for enhancing security in real-time payments by facilitating instant fraud detection and risk management innovations.
- Scandinavia's demand for seamless cashless transactions drives the need for adaptive strategies to combat evolving fraud tactics effectively.
Deep dives
The Role of AI in Real-Time Payments
AI is increasingly playing a crucial role in enhancing the security and efficiency of real-time payments, particularly in Europe. With the demand for instant money transfers rising, financial institutions are exploring how to employ AI to not only facilitate faster transactions but also to detect and mitigate fraud in real time. This involves creating scalable AI systems capable of scoring transactions instantly, allowing for informed decisions at the moment of payment. As the industry moves towards faster payment methods, combating evolving fraud tactics using AI becomes equally paramount, necessitating continuous innovation and adaptation.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode