With cases of identity and synthetic fraud soaring during the pandemic, lenders are looking for rapid solutions to counteract the spike in digital crime. Synthetic fraud, which Auriemma Insights estimates is responsible for losses of $6 billion annually, has seen particular traction during COVID-19. This episode will provide insight around recent shifts in fraud, the checks and balances of authentication, and the different levels of defense that need to be considered by FIs in 2021. From her global product roles at Citi FinTech and PayPal, O’Connor Kolaja has been on the forefront of innovation in financial services for 25 years. Daniel Wolfe, editor in chief of PaymentsSource. joins O’Connor Kolaja, who was recently appointed as CEO of AU10TIX.
