June 22, 2022 - June 22, 2022

1:45 pm - 2:25 pm



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Industry/Speaking Events



Wednesday, June 22, 2022, 1:45pm – 2:25pm Central Daylight Time (UTC -6)

Creating an Open Source Fraud Risk Management System in Order to Close the Financial Inclusion Gap, Greg McCormick, Sybrin Systems (PTY) Ltd., Mojaloop Foundation

Fraud is expensive for everyone, but seriously detrimental to those in the financial inclusion gap. Fraud Risk Management Systems are expensive, so, they aren’t used where they are needed the most. Can a reliable and safe Fraud Risk Management system be built entirely with open source products? Can the solution itself be open source? This talk will discuss: – The scale up and scale down challenge – How do you build an open source system that stops fraud, money laundering and terrorist financing and not expose to fraudsters how to defeat the system? – Recommended Use Cases • Algorithmic system not an AI black box • The stack and architectural design. • Brief recorded demo. • Performance Optimizations.