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3-min read • 26 Sep 2023
Fraud
RCR - Regulatory Compliance & Risk
Banking
APAC
Demystifying Fraud: Why Does it Matter for Banks?
Written by Arshiya Garg, Abhipsa Mishra, and Farhad Patel
References:
1. More victims scammed in first half of 2023 but amount lost dips to $334m2. Report to the Nations: 2020 Global Study on Occupational Fraud and Abuse3. Survey shows Singaporeans most susceptible to fraud4. 378 people fall prey to phishing scams in the first half of November5. Report to the Nations: 2020 Global Study on Occupational Fraud and Abuse6. APAC Banks Say Fraudulent Synthetic Identities on the Rise
Our Experts In This Topic
OUR EXPERT
Prasanna Venkatesan
Senior Partner, Global Head of Private Banking and Wealth Management
Prasanna is Global Head of Private Banking & Wealth Management (PBWM) and leads Synpulse’s Regulatory, Risk & Compliance (RCR) practice group-wide. He specialises in large-scale transformation, post-merger integration, non-financial risk, and financial crime compliance, with a focus on data, AI/ML, and target operating model design and delivery. He holds a Master’s in Finance and Strategy from NTU.
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3-min read • 26 Sep 2023
Fraud
RCR - Regulatory Compliance & Risk
Banking
APAC
Demystifying Fraud: Why Does it Matter for Banks?
Written by Arshiya Garg, Abhipsa Mishra, and Farhad Patel
References:
1. More victims scammed in first half of 2023 but amount lost dips to $334m2. Report to the Nations: 2020 Global Study on Occupational Fraud and Abuse3. Survey shows Singaporeans most susceptible to fraud4. 378 people fall prey to phishing scams in the first half of November5. Report to the Nations: 2020 Global Study on Occupational Fraud and Abuse6. APAC Banks Say Fraudulent Synthetic Identities on the Rise
Our Experts In This Topic
OUR EXPERTPrasanna Venkatesan
Senior Partner, Global Head of Private Banking and Wealth Management
Prasanna is Global Head of Private Banking & Wealth Management (PBWM) and leads Synpulse’s Regulatory, Risk & Compliance (RCR) practice group-wide. He specialises in large-scale transformation, post-merger integration, non-financial risk, and financial crime compliance, with a focus on data, AI/ML, and target operating model design and delivery. He holds a Master’s in Finance and Strategy from NTU.