Fraud Trends 2020: What $7.5 billion in originations taught us about digital fraud

Recorded On: 03/19/2020

PRESENTER(S):

Kevin Lewis, SVP, Sales & Partner Growth, Amount
John Lynch, Sr. Director, Fraud & Verification Services, Amount

ABOUT THE WEBINAR:

The financial industry never sleeps. Neither do fraudsters.

Modern consumers continue to demand digital financial products — on their time, in their environment. This demand forces financial institutions to invest in digital experiences that approve applications in a matter of minutes. While this digital transformation has helped consumers thrive, it's also enabled nearly $15 billion in identity fraud annually.

Amount is accelerating the world's transition to digital financial services and safeguarding financial institutions from identity fraud. With over $7.5 billion in originations, Amount brings years of experience in combating fraud in the digital age. Join Kevin Lewis and John Lynch as they share real-life examples of the increasing complexity of today's fraudsters and the secret sauce that powers the leading fraud and verifications platform, Amount 360.

THIS WEBINAR WILL COVER:

Fraud trends impacting digital lending
How financial institutions are combating fraud
The secret sauce: What we’ve learned about fraud and how we are working to combat it

TOP 3 BENEFITS TO ATTENDEES:

Attendees will understand the fraud threats facing digital lenders
Attendees will gain insight into the individual capabilities that help FIs tackle evolving fraud trends
Attendees will learn how technology, like Amount’s A360, has helped FIs managing close to $1T in assets combat digital fraud

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Kevin Lewis

Senior Vice President of Sales and Partner Growth, Amount

Kevin Lewis is the Senior Vice President of Sales and Partner Growth at Amount, a technology company focused on accelerating the world’s transition to digital financial services. Amount makes digital financial experiences that align with the way we live – enabling your financial institution to traverse the digital divide, unify your data, and gain insight to improve the experience for your customers. Kevin has been integral in securing partnerships with financial institutions that collectively manage close to $1T in US assets and are servicing more than 30 million customers.

John Lynch

Senior Director of Fraud & Verification Services, Amount

John Lynch is the Senior Director of Fraud & Verification Services at Amount, a technology company focused on accelerating the world’s transition to digital financial services. Amount makes digital financial experiences that align with the way we live – enabling your financial institution to traverse the digital divide, unify your data, and gain insight to improve the experience for your customers. John oversees Amount’s fraud and verification services, managing a diverse team of fraud strategy professionals and product development experts responsible for Amount’s risk management platform and fraud detection models. With a background in data science, John sees data as the key to meeting the challenges of digital consumer lending. His team has built a risk development framework that has been used to orginatiate over $5 billion in assets for a broad set of consumer financial products that includes unsecured installment loans, credit cards, deposit accounts, and more.