Fintech News: Fraud Risk Management Systems: To Build, Buy Or Rent?
August 31, 2021
Jayant Raman, Partner and Head of Anti-Financial Crime, Asia Pacific, was recently featured in Fintechnews on the topic of Fraud Risk Management. The article summarized the key takeaways of a webinar organized by GBG to evaluate how FIs can go about implementing fraud risk management systems.
“Although there is no “perfect answer” to how companies have been able to build, neobanking institutions have approached this challenge by sourcing specific modules from vendors, and then building around them in-house. The crux of the decision is in delineating which parts to control in the internal ecosystem, and which ones to hand to partner vendors. Ultimately, it all ties back to digital trust. Managing fraud risk effectively is about integrating privacy into the cultural fabric of an organization to truly make it a business priority.”
Read the full story here.