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 for detecting organised criminal networks
- Discussion 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
- Addresses authorised push payment fraud, mule network detection and cross-border criminal activity
Introduction
Fighting Fraud Together: Why Collaboration is the New Frontline Against Scams and Mules in APAC is a virtual event hosted by LexisNexis Risk Solutions that examines how financial institutions across the Asia-Pacific region can strengthen their defences against increasingly sophisticated fraud operations. The session is aimed at fraud leaders, digital risk professionals and financial crime executives who are navigating a threat landscape now dominated by organised criminal networks deploying AI-enabled tactics at scale.
The timing reflects a significant shift in how fraud operates across APAC markets. Traditional siloed approaches to fraud detection are proving insufficient against adversaries who coordinate across borders and institutions. This event explores why consortium-based intelligence sharing has become essential for organisations seeking to identify threats earlier and respond more effectively.
About This Event
Forming part of the Risk Insights: Conversations that Matter series, this virtual session brings together expert perspectives on the current state of fraud in APAC financial services. The format combines executive-level strategic discussion with practical insights, followed by audience questions. Rather than focusing on product demonstrations, the event emphasises knowledge sharing and the operational realities facing fraud prevention teams.
The Evolving Fraud Landscape in APAC
Fraud patterns across Asia-Pacific have evolved considerably in recent years. Authorised push payment fraud, where victims are manipulated into transferring funds directly to criminals, has grown substantially as social engineering techniques become more refined. Simultaneously, organised mule networks have expanded their operations, making it increasingly difficult for individual institutions to trace illicit fund flows that traverse multiple accounts and jurisdictions.
The introduction of artificial intelligence into fraud operations has accelerated this evolution. Criminal organisations now deploy AI to craft more convincing phishing communications, automate account takeover attempts and identify vulnerable targets at scale. This technological escalation means that defensive strategies relying solely on historical transaction patterns or rule-based detection systems struggle to keep pace.
Why Isolated Defences Fall Short
A central theme of the event concerns the limitations of organisations working in isolation. When financial institutions maintain separate fraud detection systems without sharing intelligence, they create blind spots that sophisticated criminals readily exploit. A mule account flagged at one bank may continue operating freely at another, and cross-border schemes can evade detection by exploiting gaps between national regulatory frameworks.
Consortium intelligence models address this vulnerability by enabling participating institutions to contribute anonymised fraud signals to a shared pool. This collective approach allows organisations to benefit from threat indicators identified elsewhere in the network, substantially improving detection rates for emerging fraud typologies before they cause widespread losses.
Balancing Technology and Human Expertise
While AI and machine learning have become indispensable tools for fraud prevention, the event also addresses the continued importance of human expertise. Automated systems excel at processing vast transaction volumes and identifying anomalies, but experienced fraud analysts remain essential for interpreting complex cases, understanding criminal methodologies and adapting strategies as threats evolve. Effective fraud prevention programmes integrate both capabilities rather than treating them as alternatives.
Who Should Attend
The session is designed for professionals responsible for fraud strategy and digital risk management within banking and financial services organisations. This includes fraud team leaders, financial crime compliance officers, identity and authentication specialists, and executives overseeing risk management functions. The strategic focus makes it particularly relevant for those involved in shaping their organisation’s approach to collaborative defence and consortium participation.
Strategic Priorities for Fraud Leaders
Attendees can expect discussion of the strategic priorities that should guide fraud prevention investment and operational planning. These include evaluating consortium membership opportunities, integrating external intelligence feeds with internal detection systems, and developing response protocols that account for the speed at which modern fraud campaigns operate. The event aims to provide actionable guidance that participants can apply within their own organisations.