Ekata, a Mastercard company

Yesterday, around 100 leaders joined us for our Chicago Banking Summit to network and connect with each other while sharing insights and learnings. There were a few key themes that came up consistently, including: 💡 Smart growth: from heads of digital banking to heads of risk/fraud. While those seem in opposition to what we hear so often, there are ways that both groups are finding the balance of enabling growth while managing risk. 🏦 The pervasiveness of fraud across channels: fraud was a key topic of conversation throughout the day as leaders shared the unique ways that bad actors are finding their way into FIs. There were also insights into the ways that news tools, policies and organizational alignment can help keep growth channels open, while reducing fraud risk. 💻 AI: there was widespread agreement that AI isn’t the silver bullet to fraud prevention that some companies are promising. But the use of AI from bad actors isn’t going away and so conversations centered around the ways banks can respond. A huge thank you to all of our speakers including Al Dominick, Andrew Altsman, Kimberly Sutherland, Aaron Steinitz, Nicole Allen, and Miguel Navarro. And hope to see you at the next one!

🚨 In an era where digital security is crucial, synthetic identity fraud is a growing threat that both individuals and organizations need to combat. At the recent Identity Connect Panel in London, industry leaders discussed the alarming ease of creating "Frankenstein IDs" and the strategies companies like Mastercard are implementing to tackle this sophisticated fraud. Together, we can leverage data and insights to protect our digital identities and foster trust in online transactions. Read more: https://lnkd.in/d76b7aX9 #DigitalSecurity #FraudPrevention Mastercard Cyber and Intelligence Ekata, a Mastercard company

LinkedIn Fam - I've got some exciting news to share about Allison, and it's all about making banking better for everyone. Press Release: https://lnkd.in/enuQtMpr We've just partnered with Mastercard to help smaller banks and credit unions - especially those serving minority communities - fight fraud and keep money safe. This is a big deal, and here's why: 1. Many hardworking folks rely on local banks and credit unions. These institutions often don't have the fancy tools that big banks use to protect against fraud. 2. With Mastercard's help, we're changing that. We're giving these smaller banks the same high-tech protection that the big players use. This means safer banking for you and your community. It also helps these local banks serve more people who might have been left out before. 3. As someone who grew up seeing how important these local banks are, I'm proud of this step. We're not just talking about making banking better - we're actually doing it. This partnership builds on our work with Mastercard's Start Path In Solidarity program from last year. They've been helping us grow and learn, and now we're putting that knowledge to work for you. At Allison (Fintech), we're committed to making banking work for everyone - not just those with deep pockets. Whether you're a community-focused bank, a local credit union, or just someone trying to manage your money, we're here to help. If you could wave a magic wand, what would you change about banking in your community? Let's keep this convo going. Together, we can make banking better for all of us. No doubt. 🙌🏽 Jerome Dishman Petter Graff Gaute Engbakk David Jannotta Dennis Gamiello Christine Prendamano Rashida Bobb #BetterBanking #CommunityFirst #FinancialSecurity

As fraudsters exploit technology in new ways, our innovative solutions protect customers around the world. Thanks to cutting edge AI technology we can identify and defend against large-scale fraud attacks keeping our digital ecosystem secure.  #cybersecurity #AI #fraud