Webinar Description
Key Takeaways
- Virtual event examining collaborative approaches to fraud prevention across the Asia-Pacific financial services sector
- Focus on consortium intelligence models and shared data strategies to combat organised criminal networks
- Analysis of AI’s dual role in enabling sophisticated scams and strengthening defensive capabilities
- Designed for fraud leaders, digital risk professionals and financial crime executives in banking and financial services
- Hosted by LexisNexis Risk Solutions with expert-led discussion and Q&A
Introduction
Fighting Fraud Together: Why Collaboration is the New Frontline Against Scams and Mules in APAC is a virtual event addressing the shifting dynamics of financial crime across the Asia-Pacific region. Hosted by LexisNexis Risk Solutions, the session targets fraud and digital risk leaders navigating an environment where scams have evolved from opportunistic schemes into sophisticated, AI-enabled operations orchestrated by organised criminal networks. The event arrives at a critical juncture as traditional institution-by-institution defences prove increasingly inadequate against adversaries who operate fluidly across borders and sectors.
About This Event
This virtual session brings together fraud prevention expertise in an executive-level format combining expert-led discussion with interactive Q&A. The programme is structured to deliver practical, strategic insights rather than theoretical overviews, recognising that attendees are typically senior professionals already familiar with fundamental fraud concepts. The format acknowledges the time constraints facing financial crime leaders while ensuring substantive engagement with complex topics.
The Shifting Fraud Landscape in Asia-Pacific
The APAC region has witnessed a marked transformation in fraud patterns over recent years. Authorised push payment fraud, where victims are manipulated into voluntarily transferring funds to criminals, has emerged as a particularly damaging threat. Simultaneously, organised mule networks have grown more sophisticated, enabling criminal enterprises to move illicit funds rapidly across multiple jurisdictions before institutions can respond.
These developments reflect broader changes in criminal methodology. Where fraud once relied primarily on technical exploits or simple deception, contemporary schemes combine social engineering, synthetic identities and cross-border coordination. The result is a threat environment that moves faster than many institutional defences were designed to handle.
AI as Both Threat and Defence
Artificial intelligence occupies a central position in the current fraud landscape, serving simultaneously as an enabler of criminal activity and a critical defensive tool. Criminal networks now leverage AI to generate convincing synthetic content, automate social engineering at scale and identify vulnerable targets more efficiently. This technological adoption has compressed the time between scheme development and deployment while increasing the personalisation of attacks.
For financial institutions, AI offers corresponding defensive capabilities, from anomaly detection across transaction patterns to real-time risk scoring that can flag suspicious activity before funds leave an account. The event examines how organisations can effectively deploy these technologies while recognising that AI alone cannot address the full spectrum of fraud challenges.
The Case for Consortium Intelligence
A central theme of the event concerns the limitations of isolated organisational defences. When institutions maintain entirely separate fraud detection systems, they create information gaps that sophisticated criminals readily exploit. A mule account flagged at one bank may operate freely at another, while cross-institutional fraud patterns remain invisible to any single organisation.
Consortium intelligence models address this vulnerability by enabling participating institutions to share relevant fraud signals while maintaining appropriate privacy controls. This shared visibility can dramatically accelerate detection timelines and expose network-level criminal activity that would otherwise remain hidden. The approach requires careful attention to data governance, regulatory compliance and competitive considerations, but offers defensive capabilities that no institution can replicate independently.
Who Should Attend
The event is designed for professionals with strategic responsibility for fraud prevention and digital risk management. This includes fraud leaders and their strategy teams, financial crime professionals, and executives in banking and financial services who oversee identity verification and authentication programmes. The content assumes familiarity with core fraud concepts and focuses on strategic and operational considerations rather than introductory material.
Balancing Technology and Human Expertise
While technological solutions feature prominently in contemporary fraud prevention, the event acknowledges that effective defence requires balancing automated systems with human judgement. Experienced fraud analysts bring contextual understanding and investigative capabilities that complement algorithmic detection. The most effective programmes integrate these elements rather than treating them as alternatives, using technology to surface relevant signals while preserving human capacity for nuanced decision-making.