Webinar Description
Key Takeaways
- Examines how instant payments and digital banking have accelerated fraud tactics, including stolen credentials, social engineering and authorized payment fraud.
- Features a discussion between Vishal Verma of LexisNexis Risk Solutions and Gaurav Gupta of Axis Bank on adapting fraud prevention for real-time environments.
- Addresses the challenge of detecting mule accounts and organized fraud networks operating across financial institutions.
- Explores how banks can implement effective fraud controls without creating friction for legitimate customers.
- Designed for fraud, risk, compliance and digital banking professionals at financial institutions and fintechs.
About the Event
This virtual webinar, hosted by LexisNexis Risk Solutions, brings together fraud prevention expertise from both a technology provider and a major financial institution. The executive-level discussion format allows Vishal Verma and Gaurav Gupta of Axis Bank to share practical perspectives on how fraud strategies must evolve alongside the speed of modern payment systems.
Fraud in the Age of Instant Payments
The shift to real-time payments has fundamentally changed the fraud landscape. Traditional detection methods that relied on batch processing and delayed settlement windows are no longer sufficient when transactions complete in seconds. Fraudsters have adapted by exploiting the speed of these systems, using sophisticated social engineering techniques and networks of mule accounts to move stolen funds before institutions can respond.
Key Topics
The session covers the evolution of digital fraud tactics, the specific risks introduced by instant payment rails, and the growing threat of organized mule networks. Discussion also addresses the role of artificial intelligence in both perpetrating and preventing fraud, along with the importance of industry collaboration and shared intelligence in combating cross-institutional criminal activity. A central theme is identifying risk earlier in the transaction lifecycle without degrading the customer experience.
Who Should Attend
The webinar is suited for professionals working in fraud prevention, financial crime, risk management, digital banking, identity and authentication, cybersecurity, compliance and customer experience. Roles such as Heads of Fraud, Directors of Risk, and Digital Banking leaders at banks and fintechs will find the content most relevant.