Financial crime has increased in recent years and is constantly evolving. With total combined fraud losses reaching a record high of $56 billion in 2020, financial organisations around the world are facing a growing challenge from fraudsters who are becoming increasingly sophisticated and inventive in their approaches. The Covid-19 pandemic has also proven to be a fertile environment for fraud: the increase in e-commerce and digital transactions, coupled with a heightened sense of consumer vulnerability and anxiety, has created new channels for fraudsters to exploit. To combat fraud, financial organisations have to deal with a significant volume of data, which…
Author: Mark Büsser, Chairman at IMTF
Author
Mark Büsser, Chairman at IMTF
Mark Büsser studied aeronautical engineering at ETH Zurich, Switzerland, and holds an MBA from IMD. He started his career in Management Consulting, then ran a large machine tool company before founding the IMTF Group, which he successfully developed and managed for over 34 years to become a market leader in the fight against fraud and financial crime. IMTF Regtech platform provides Anti-financial Crime, Compliance and Client Lifecycle Management solutions in Switzerland and in over 50 countries worldwide.
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