Event
AI and Risk Management: Tools for Fraud Detection in Financial Institutions
November 7, 2024 | 6:30 PM - 9:45 PM | THE Park Bangalore, 14/7, The Park, MG Road, Bhaskaran Rd, Sivanchetti Gardens, Bengaluru, Karnataka 560042, India | In-Person
Details
November 7, 2024
6:30 PM -
9:45 PM
In-Person
THE Park Bangalore
14/7, The Park, MG Road, Bhaskaran Rd, Sivanchetti Gardens, Bengaluru, Karnataka 560042, India
Contact
Questions can be directed to GARP Events at events@garp.com.
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Overview
Registrations are closed due to capacity. Please update your registration if you can no longer attend. If you are a GARP Individual Member, recent FRM-certified professional, SCR or RAI Certificate Holder, please email chapters@garp.com to be added to the wait list.
In today’s digital landscape, the application of AI tools in risk management has become increasingly vital. Audit teams across BFSI are increasingly leveraging AI for early detection of fraud through data analysis and pattern recognition, real time monitoring, natural language processing, risk scoring, automation in decision making, integration with legacy systems and continuous learning and improvement. For enhanced regulatory compliances, AI can assist in generating compliance reports, maintaining audit trails etc.
The amalgamation of AI in fraud detection not only enhances the ability of banks to identify and mitigate risks but also improves operational efficiency and customer satisfaction. As fraud tactics evolve, continuous innovation and adaptation of AI technologies will be crucial for effective risk management in the banking sector.
Join us for a discussion to gain valuable insights on:
- When and how AI can be used for early fraud detection and mitigation
- Addressing emerging issues such as data privacy, model interpretability, algorithmic bias and false positives etc.
- Key considerations being robust governance frameworks, human oversight and ethical considerations along with a balanced approach.
After the presentation, join us for networking and drinks with your peers and learn about our plans to launch a new GARP risk community in South India.
Priority will be given to GARP Individual Members, FRM-Certified professionals, SCR and RAI Holders and Candidates. Guests from the wider finance community may attend, subject to availability where seats remain. All attendees MUST register in advance for the event; only registered guests will be allowed in the building.
Agenda:
6:30 - 7:00 pm IST: Registration
7:00 - 7:15 pm IST: Welcome Remarks and Introduction
7:15 - 8:15 pm IST: Panel Discussion
8:15 - 8:35 pm IST: Audience Q&A
8:35 - 8:45 pm IST: FRM and SCR Recognition Ceremony
8:45 - 9:45 pm IST: Networking with Dinner
Speakers

Suveer Khanna
Anna Michael

Prasoon Mukherjee
Moderators

Richa Shrivastava
Agenda/Schedule
*Date and Time noted as
-
Speakers
Suveer Khanna, Partner, HoD- Forensics Services, KPMG
Anna Michael, Data Science Director, Wells Fargo
Prasoon Mukherjee, Head-Securities Services Division in India, Société Generale, GSC
Moderator
Richa Shrivastava, Head of Internal Audit Function, NAB India Global Innovation Centre
November 7, 2024
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