As a 20+ year leader in check fraud detection and prevention, Fiserv has the unique opportunity to observe market trends related to RDC and check fraud. During this webinar you will hear from Mike Urban with Fiserv Financial Crime Risk Management, who will discuss these trends and the specific capabilities banks need to be able to clear mobile deposits quickly, while preventing fraud and maintaining regulatory compliance. Key take-aways from this webinar will include:
How emerging technologies, such as mobile deposit, are changing how banks fight check fraud
Best practices that Fiserv clients are using to balance check fraud prevention and customer expectations
What to look for when evaluating check fraud prevention solutions
The evolution of smart phone technology and its rapid adoption by consumers around the world is helping to fuel the growth of mobile banking and in particular mobile remote deposit capture (RDC). The expanding availability and use of Mobile Deposit capabilities requires financial institutions to bolster their fraud defenses. Efforts to mitigate risk can significantly limit losses; however, it is often at the expense of the customer experience. As consumers demand real-time access to their money, financial institutions need to rethink the way they can effectively balance fraud risk mitigation and the customer experience.
Urban is accomplished in data analytics and financial crime areas including cyber, payment fraud, money laundering, sanctions screening, FATCA, and regulatory reporting. He is the principal consultant at Urban Designs, LLC which enables financial institutions, insurance companies and the vendor community to create continuous improvements in financial crime detection, process and technology. Urban served as Product Portfolio Director for Fiserv's Financial Crime Solutions and as Senior Director of Product Strategy for FICO's Fraud Solutions. Mike co-invented Card Alert Services, an ATM network fraud and breach detection service which was acquired by HNC Software.