Banking Compliance Insights is a podcast series created to deliver insights on compliance trends and provide strategies for navigating today's regulatory and risk environments. Our new podcast, “Fraud Opportunists, Six Feet Away and Closer Than Ever,” focuses on how social distancing and branch closures are driving more financial institutions to partner with fintechs to increase profits by conducting transactions digitally. The downside is that this fast-paced, digital environment has created a breeding ground for fraud opportunists.
Wolters Kluwer® Banking Segment Leader Samir Agarwal and Gary Schweers, a Consulting Manager with the Wolters Kluwer Advisory team, discuss trends that are creating opportunities for fraudsters (including a few driven by the pandemic), regulatory oversight measures, and strategies for shoring up fraud prevention programs. Plus, they’ll share details about industry-emerging areas that are typically vulnerable to fraud in pandemic conditions, as well as practical suggestions to help financial institutions remain vigilant.