Balancing security and convenience: Leveraging digital identity to prevent synthetic ID fraud

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Wednesday, May 24th, 18:30 PHT

FinServ Risk leaders in Manila are invited to join this roundtable dinner on ‘Balancing security and convenience: Leveraging digital identity to prevent synthetic ID fraud’.

An expert moderator will guide the knowledge-sharing event, stimulating discussion between participants in a closed, confidential environment. Attendance is by invitation only and complimentary. 

Balancing security and convenience: Leveraging digital identity to prevent synthetic ID fraud

To prevent synthetic ID fraud and account take over fraud, while ensuring a smooth account opening and account login experience, financial service (FinServ) organisations can adopt a multi-layered approach that leverages identity verification solutions and customer profiling. By analysing customer data, FinServ organisations can tailor marketing campaigns and identify potential customers who are more likely to open an account. They can also use authentication and verification processes, such as behavioral biometrics and document verification, to prevent fraud.

Maintaining a balance between security and convenience is crucial to the customer onboarding process and managing the experience of returning users. FinServ organisations must provide a user-friendly interface, clear instructions, and swift verification processes to ensure a frictionless experience for customers. By layering the account opening process workflow with third-party data and behaviourial signals, FinServ organisations can acquire more customers while minimising synthetic ID fraud attacks from account takeover and payment fraud.

  • How can FinServ organisations leverage data analytics and customer profiling to identify potential customers during onboarding process? 
  • What are the most effective authentication and verification processes for FinServ organisations to prevent synthetic ID fraud / ATO fraud without compromising the customer experience?
  • How can FinServ organisations ensure a frictionless account opening experience and account login while maintaining a high level of security?

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5/F Clipp Center, 11th Avenue corner, 39th St, Taguig, Metro Manila | Google Maps

The Ortus Club hosts knowledge-sharing discussions in the best private dining rooms in the world. These venues provide an elegant high-end atmosphere and impeccable table service.

Attended by:

President and CEO at JustPayto, Inc.
CEO and President at CIS Bayad Center, Inc.
CEO at PayMongo
Chief Financial Officer at UNObank
Chief Compliance Officer at Unobank
Chief Audit Executive at
VP of Technology at Troo
Head of AML / Regulatory Compliance Head at UnoBank
Head of Digital and Data at Ayala Malls

For insight on this event, photos and guest interactions, see our post on LinkedIn.

6:30 PM: Arrival of guests
7:00 PM: Welcome by The Ortus Club
7:05 PM: Short address by Ekata
7:15 PM: Discussion instigated by the moderator & continued by the group over dinner
8:15 PM: Discussion brought to a close
9:00 PM: Coffee, tea, and networking

Hosted by Mastercard

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Event Detail

Wednesday, May 24, 2023 18:30

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