AI in Payments & Fraud Risk Management (Europe) Summit
Artificial Intelligence (AI) is here for quite some time and is successfully being used in banking applications like Fraud Analysis and Customer Risk Scoring but with a limited scope. With such high expectations for the technology in payments and in myriad other industries, what will AI actually mean for consumers and merchants? What types of problems do payments technology companies and financial institutions expect to solve by deploying AI and other similar technologies?
AI and machine learning is quickly becoming a valuable tool for payments companies and financial institutions to reduce fraud in all environments, but particularly in securing e-commerce transactions. Through machine learning algorithms, payments companies can analyze more data in new and innovative ways to identify fraudulent activity. With AI and ML, payments companies can search rapidly and efficiently through this data beyond the standard set of factors like time, velocity and amount.
Through our research we have identified that the Payment Industry is on the cusp of reforms and players are eager to implement AI for efficient payment processing. There are many areas within payment processing where AI has a great potential to succeed.
Therefore, we are proud to organize an event which focuses on the use of AI in Payments and focuses on not only the pros of AI but also it’s cons and discusses how banks can counter frauds through the use of AI in this unique event, Artificial Intelligence in Payments and Fraud Risk Management (Europe) Summit.
This unique event will be jointly represented by 15+ leading speakers and it aims to gather about 100+ qualified attendees (mostly from banks, regulators, merchants, corporates and innovative FinTech companies) who are looking to stay ahead of the curve.
Open Banking has been an interesting journey where, it has lead to new opportunities for FinTech enablers and solution providers across the globe. Banks also are now embracing Open Banking as a chance to capitalise on their ongoing digital transformation journeys and introducing innovative services enabled by open APIs, or risk losing out to more digitally agile competition. With UK’s exit from the EU, it will be interesting to see how Open Banking would evolve in the UK.
As part of PSD2 compliance, organisations also need to authorise initiated payments with Strong Customer Authentication (SCA). While authorities are eager to implement SCA for secure payment processing, many banks are still lagging behind due to the existing pandemic where the road ahead looks ambiguous.
Therefore, we are proud to organise a virtual summit which aims to alleviate such ambiguity and give more momentum to the OB initiatives through this second annual dedicated show – Open Banking and SCA Forum.
This unique event will be jointly represented by 18+ leading speakers and it aims to gather about 120+ qualified attendees (mostly from banks, regulators, merchants, corporates and innovative FinTech companies) who are looking to stay ahead of the curve.
We invite you to come participate and engage at this unique virtual symposium.