Anti-Fraud Strategy in Banking Around the World

You are invited to the Anti-Fraud Strategy in Banking Around the World meet-up, taking place on Wednesday, 5th June 2024, at 13:00 CEST. You can join virtually via Streamyard, a browser-based platform that requires no software installation and has proven reliable for viewing through even the most robust IT restrictions.

The goal of this meeting is to bring together banks from around the world to share their strategies for preventing consumer scams and discuss future collaborative efforts and necessary changes in the broader landscape to combat fraud more effectively.

The Global Anti-Scam Alliance (GASA) mission is to protect consumers worldwide against scams. We realize our mission by bringing together governments, law enforcement, consumer protection organizations, financial authorities, telecom providers, social media, Internet service providers, and cybersecurity companies to exchange intelligence, network, share data, and define joint actions to better protect consumers globally from scams.

Globally, more than USD$1 trillion was lost to scams last year, affecting 1-in-4 individuals worldwide. This is only the tip of the iceberg, as only 7% of all scam victims report the crime to law enforcement. Clearly, fast action is required.

Jorij Abraham, Managing Director of GASA, will chair the meeting. We have convened representatives from four major banks to discuss their anti-fraud strategies and future collaborative opportunities. The participating banks include:

• Asia: Will Tully, HSBC (Hong Kong)
• Europe: Dave Laramy, Danske Bank (Denmark) & Dave Byrne, Permanent TSB (Ireland)
• Africa: Nazia Karrim, Southern African Fraud Prevention Service (South Africa)
• USA: Gang Zhou & Travis Moseley, Capital One (USA)

The proposed agenda is as follows: Note: All times below are listed in CEST.

• 13:00 - Quick round of introductions
• 13:10 - Presentations by banks on their anti-fraud strategies
• 13:40 - Discussion on future collaborative efforts and necessary changes in the broader landscape
• 13:55 - Wrap-up by Jorij Abraham, Managing Director, Global Anti-Scam Alliance

We hope you can join our meeting and share your insights on how we can fight scammers better in our open discussion.