Account Takeover Fraud , Anti-Money Laundering (AML) , Cybercrime

Faster Lives Need Faster Payments: Where Do Midmarket and Small Banks Stand?

Brian Keefe • February 22, 2023

As consumer and corporate demand for faster and real-time payments (RTP) continues to grow, mid-size and small financial institutions need to respond to remain competitive. Faster payments have become a necessity in a fast-paced society with consumers and businesses willing to switch FIs to gain access.

As the world has sped up so have financial crimes. Fraudsters are quick to adapt their schemes and take advantage of changing payment channels. FIs must be even faster to stay ahead of the curve and prevent faster payments fraud.

Watch this interview to learn how:

The faster payments space is changing
Fraudsters are leveraging faster payments
To secure faster payments channels

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About the Author

Brian Keefe

Senior Portfolio Pre-Sales, NICE Actimize

Brian Keefe is an accomplished federal criminal and financial crimes investigator with over 20 years of experience initiating, conducting, and managing labor-intensive criminal and financial investigations, which resulted in the successful prosecutions and convictions of local, state, national and international criminals. Mr. Keefe was instrumental in the detection, recovery and seizure of hundreds of millions of dollars of illicit narcotic and fraud related funds. Mr. Keefe specialized in investigations involving various forms/methods of money laundering and directed multi-jurisdictional teams across the U.S., Asia, Europe, and Central, and North America. His investigative focus included shell corporations, suspicious banking transactions and real estate purchases, money exchange businesses, casino gaming practices, and schemes used by international drug cartel networks, organized crime networks, along with political, and white-collar suspects.