Training

Risk Management

Learning from the Aftermath: Risk Management in the Post-SWIFT Environment
Learning from the Aftermath: Risk Management in the Post-SWIFT Environment

The righteous indignation about the fraudulent SWIFT transactions of the past month or two is entirely understandable, entirely unproductive, and potentially destructively distracting. The case points out the importance of SWIFT understanding its own role in international payments and the need for the member banks to understand the limits of their own control beyond the construct of their own networks. It also highlights the need for clarity of purpose, accountability, innovation, control frameworks, and deep in-house bench-strength within a bank owned/controlled association business model. In this session, you will learn how SWIFT should respond to the crisis to come out greatly strengthened by the experience. What are the repercussions facing SWIFT members in the wake of these heists? What do you need to know? You will hear some concrete lessons from the fraudulent SWIFT transactions and what they mean for real-time payments - and for your own organization.

See Also: Preventing an Inside Job: Detection, Technology and People

Additional Summit Insight:
Hear from more industry influencers, earn CPE credits, and network with leaders of technology at our global events. Learn more at our Fraud & Breach Prevention Events site.



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