Panel 7

In order to maintain trust and security, it is essential for financial institutions and fintech companies to collaborate effectively and leverage advanced technologies to enhance fraud detection and prevention. This entails establishing robust accountability measures to address fraud incidents promptly and ensure appropriate reimbursement for affected customers, while also fostering collaboration through initiatives and platforms that facilitate information sharing and the exchange of valuable insights and best practices among different players in the payments ecosystem. How can financial institutions and fintech companies leverage advanced technologies to enhance fraud detection and prevention?What measures can be implemented to ensure clear accountability in cases of fraud, and how can affected customers be appropriately reimbursed? What initiatives and platforms can facilitate collaboration among different players in the payments ecosystem to combat fraud and share valuable insights and best practices?