Have you had days where all you get done is face payment fraud, unauthorized complaints, transaction investigations, and a struggle to find resolve? Of course, you have! We all have and you’re not alone. But, how do we stay on top of identifying and preventing fraud when something new comes up almost daily? And, how do we incorporate it into an ever-evolving and more complicated risk management program? This session will give you a good understanding of how you can use analytics to help get a handle on your data to enhance your risk management and reduce your manual processes to identify and prevent unauthorized and fraudulent claims.
WHY SHOULD YOU ATTEND?
- Understanding the differences between emerging payments, faster payments, instant payments, and payment channels.
- Identifying and preventing fraud from these emerging payments.
- How does monitoring transactions within a risk management program look and what to do if a transaction is identified?
AREA COVERED
- Risk management
- Deposit operations
- BSA/AML monitoring and compliance
- Financial Regulation and Compliance
- Treasury Management
- Due diligence – onboarding and periodic risk reviews
- Audit
LEARNING OBJECTIVES
- Why is effective risk management important?
- Handling unauthorized complaints, transactions investigations, and the process and procedures that should be in place.
- How to implement an effective risk management program.
- How to identify risks in transaction monitoring and what should be done after risks are identified.
- How to use data analytics for monitoring transactions and preparing for ACH credit transaction monitoring.
- Most current regulations, laws, and rules relating to payment fraud, transaction monitoring, and risk management.
WHO WILL BENEFIT?
- VP (and up), Deposit Operations
- Back Office Operations Payment Services
- Risk Officer (CRO, ERM)
- Compliance Officer
- COO
- Treasury Management
- Audit (Internal audit)
- Any AAP or APRP accreditation
- Commercial Loan Officer – Communicating directly with non-consumer customers using Treasury Management Services
- Payment Services – (Customer facing and back office)
- Understanding the differences between emerging payments, faster payments, instant payments, and payment channels.
- Identifying and preventing fraud from these emerging payments.
- How does monitoring transactions within a risk management program look and what to do if a transaction is identified?
- Risk management
- Deposit operations
- BSA/AML monitoring and compliance
- Financial Regulation and Compliance
- Treasury Management
- Due diligence – onboarding and periodic risk reviews
- Audit
- Why is effective risk management important?
- Handling unauthorized complaints, transactions investigations, and the process and procedures that should be in place.
- How to implement an effective risk management program.
- How to identify risks in transaction monitoring and what should be done after risks are identified.
- How to use data analytics for monitoring transactions and preparing for ACH credit transaction monitoring.
- Most current regulations, laws, and rules relating to payment fraud, transaction monitoring, and risk management.
- VP (and up), Deposit Operations
- Back Office Operations Payment Services
- Risk Officer (CRO, ERM)
- Compliance Officer
- COO
- Treasury Management
- Audit (Internal audit)
- Any AAP or APRP accreditation
- Commercial Loan Officer – Communicating directly with non-consumer customers using Treasury Management Services
- Payment Services – (Customer facing and back office)