Every bank and fintech company has a suite of anti-fraud tools that they use to keep the bad guys out. Few tools are 100% effective, however, and often the implementation of these tools, along with their interfaces with other system leave gaps. And the fraudsters will exploit these gaps. So, how do you get a holistic view of your anti-fraud arsenal and discover where these gaps are?

My next guest on the Fintech One-on-One podcast is Jerry Tylman, the co-founder and partner at Greenway Solutions and the founder of their Fraud Red Team. The Fraud Red Team is all about discovering the gaps, where the weaknesses in the anti-fraud systems are. They are 100% focused on financial services, working with many of the largest banks in the country as well as several fintech companies.

In this podcast you will learn:

How Greenway Solutions became focused on financial services.
What a pen test is and the groundbreaking work they do with fraud controls.
The different attack vectors that fraudsters use.
Why banks and fintechs need the services of the Fraud Red Team.
How successful they are in penetrating the fraud detection systems.
How they interact with the anti-fraud providers to banks and fintechs.
An example of a recent test they have done that penetrated anti-fraud systems.
How they tackle the challenge of account onboarding.
Why behavioral technology is a key piece of the puzzle.
How deepfake video and audio are being used by fraudsters.
The fascinating way that the Fraud Red Team works with deepfakes.
Why companies have to completely rethink their internal authentication today.
Some of the fintechs they have worked with recently.
How they work with check fraud and why it is a growing problem.
Why all financial institutions cannot stop investing in anti-fraud tools.

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Jerry Tylman, Founder of the Fraud Red Team, on the gaps in fraud detection systems

Fintech One-On-One