The Nigeria Police Special Fraud Unit (PSFU) has thrown its weight behind the 8th Annual Payment Systems and Fraud Conference scheduled to hold on November 7th, 2017 at the Civic Centre, Victoria Island, Lagos.
According to the Commissioner of Police, Ibrahim Lamorde, given the financial impact of fraud to the economy as a whole, all hands must be on deck to take firm and effective actions in order to slow down electronic-fraud significantly. “In discharging our duties to guard and protect, we must intensify our efforts in catching these criminals and make sure they are made to face the law” he said.
The 2017 conference with the theme “Leveraging Big Data Analytics in Combating Payment Fraud” is a veritable rallying ground for industry experts and stakeholders to brainstorm on the latest trends and technological innovations in electronic payment ecosystem as well as to learn winning strategies for managing risks and prevent fraud.
Organized by E-PPAN, it is attended annually by senior level executives across industries such as banks,, telecommunication, fintechs, insurance, healthcare, retail, SMEs, judiciary and government agencies to network, and discuss how to curb fraud in payments. Fraud and financial crime can no longer be an acceptable cost of doing business.
This year our objectives are to come up with new and proactive ways of fighting fraud using Data Analytics; Leverage on the use of Data Analytics in an industry collaborative approach to manage and prevent electronic fraud; and Set agenda for government and other relevant stakeholders on the need to synchronize various silos of data to help manage the Nigerian payment landscape.
Others who have shown support for the conference this year include with the Central Bank of Nigeria, Nigeria Police Force, Nigeria Electronic Fraud Forum (NeFF), Committee of e-Banking Industry Head (CeBIH), Committee of Chief Compliance Officers of Banks in Nigeria (CCCOBIN), Information Security Society of Africa–Nigeria (ISSAN), Association of Chief Audit Executives of Bank in Nigeria (ACAEBIN) and the support of SABRIC and Canadian Anti-Fraud Centre.