Ilya Brovin, Chief Growth Officer at SumSub, Vinita Ramtri, Senior Fin Crime Leader at a UK challenger bank, and Dave Laramy, SVP at Danske Bank, discuss the rising trend of fraud in fintech. They highlight the complexities of fraud in the digital age, driven by AI and blockchain advancements. The trio emphasizes the importance of collaboration among banks and law enforcement for effective fraud prevention. They also cover the implications of UK regulations shifting the responsibility of fraud prevention back to organizations, urging for enhanced transparency and accountability.
