BAI Webinar

Anti-fraud practices
for nonbanks

Aligning people, processes and data to provide protection and a positive CX

RECORDED: January 13, 2021
TIME: 1:00 - 2:00 PM CT

With their expanding role in payments and the economy, fintechs, lenders, money transmitters, and other nonbank financial institutions face a heightened need to protect users’ data and prevent fraudulent transactions. While nonbank financial institutions don’t face the same regulations as their banking counterparts, most have obligations for compliance and reporting, especially money service businesses.

Depending on their business focus, nonbank financial institutions also need to understand and take action to prevent fraud for payments made through ACH, wires, and checks, especially with the risks that will come with instant payments. But are anti-fraud practices enough if you don’t have a corporate culture that embraces risk awareness and prevention?

Join us for this complimentary BAI webinar for insights into how you, as a nonbank financial institution, can help protect your customers and the financial institutions you work with from illegal activity and fraud.

Key takeaways for anti-fraud practices:

  • Focus on the fundamentals – things you must do
  • Create the right company culture
  • Use technology to make it scalable
  • Provide a positive customer experience with prevention outreach

Steven Ramirez
Beyond the Arc

In addition to heading Beyond the Arc, Steven is a strategic advisor with over twenty years of experience working with technology, fintech, and financial services companies. His expertise focuses on developing data-driven strategies to strengthen customer experience, marketing and operations.

Steven also leads Beyond the Arc’s practice in data science and machine learning. He advises clients on how to deploy advanced data and analytics technology to make better decisions. Under Steven’s leadership, Beyond the Arc was recognized by CIO Review as one of the 100 Most Promising Big Data Solution Providers 2017 and by Clutch as #1 among Top 15 Big Data Analytics Companies in San Francisco.