First party fraud is very common, presenting major problems for issuers, merchants and financial institutions across a variety of fraud use cases. The current pandemic has caused global economic hardship, simply adding fuel to this fire. The old adage, “desperate times call for desperate measures” is becoming more relevant these days and will drive higher rates of first party fraud.

PJ Rohall, Fraud Market Expert and Marco Barsacchi discuss how first party fraud spreads across many fraud use cases and how adaptive fraud modeling is the ideal solution. They also dive into the value of leveraging data across the user journey to provide a breadth of signals for machine learning models to generate insight on consumer behavior.

Often previously seen as separate entities, fraud and AML is beginning to  converge. With new challenger banks leading the charge, larger financial institutions are looking into ways to merge their siloed fraud and AML teams for a more united financial crime defence.

Featurespace experts Dena Hamilton and Mark Taylor discuss how banks in both Europe and the US are addressing the move towards centralized financial crime functions, and the part technology has to play in it.