Participants will receive access to the recorded sessions of the course.
EIMF subject-matter experts deliver engaging and interactive courses across a broad spectrum of areas, that can be enjoyed in the comfort of your own chosen environment. Read more
This course has been designed to address the unique challenges and requirements of the financial industry, providing professionals with the knowledge and tools to effectively implement AI-powered eKYC solutions for fraud prevention.
Training Objectives
By attending the programme, participants will be able to:
- Understand the Foundations of Digital Identity Verification
- Explore the Landscape of Fraud in the Financial Industry
- Examine the Role of AI in Enhancing eKYC Processes
- Dive into the Components of eKYC Solutions
- Address Implementation Challenges in Financial Institutions
- Analyse Case Studies for Practical Insights
- Engage in Hands-On Exercises for Practical Proficiency
- Explore Future Trends and Innovations in Financial Security
- Understand Ethical and Legal Considerations
- Apply Learning to Real-World Financial Challenges
Training Outline
Introduction to Digital Identity Verification in Finance
- Overview of Digital Identity Verification
- Significance of eKYC in the Financial Sector
- Regulatory Landscape for Identity Verification in Finance
Understanding Fraud in the Financial Industry
- Types of Fraud in the Financial Services Industry
- The Threat of Synthetic IDs
- Impact of Fraud on Financial Institutions
- Case Studies of Notable Financial Frauds
Leveraging AI for Enhanced eKYC
- Role of Artificial Intelligence in Fraud Prevention
- AI Algorithms for Identity Verification
- Machine Learning in Transaction Monitoring
Components of eKYC Solutions in Finance
- Biometric Authentication
- Advanced Document Verification Techniques
- Real-time Liveness Detection
Implementation Challenges and Solutions
- Selecting Suitable eKYC Solutions for Financial Institutions
- Integration with Existing Systems
- Regulatory Compliance and Reporting
Case Studies in the Financial Sector
- Successful Implementations in Financial Institution
- Fraud Prevention Strategies by Leading Financial Institutions
- Lessons Learned from Past Failures
Practical Applications and Hands-On Exercises
- Simulated Scenarios for Fraud Detection in the Financial Services
- Interactive Sessions on Using eKYC Tools
- Group Discussions on Real-World Financial Fraud Cases
Future Trends in Financial Fraud Prevention
- Emerging Technologies in eKYC
- Global Regulatory Trends Impacting Financial Institutions
- Continuous Evolution of Financial Security Measures
Ethical and Legal Considerations in Finance
- Ethical Use of AI in Identity Verification in Financial Services
- Compliance with Financial Regulations
- User Consent and Data Security in Financial Services
Who Should Attend
The course is ideal for professionals and individuals working in various roles within the financial sector. This includes, but is not limited to:
- Risk Managers
- Compliance Officers
- Fraud Prevention Specialists
- IT and Security Professionals
- Financial Analysts
- Banking Professionals
- FinTech Professionals
- Regulatory and Compliance Professionals
- Auditors
- Data Privacy Officers
- Technology Solution Providers
- Legal and Policy Expert
- Consultants in Financial Services
- Government Officials
- Academia and Researchers
Training Style
This comprehensive course covers the fundamentals of ID verification, explores the latest digital verification technologies, addresses challenges and ethical considerations, and provides practical insights through case studies and hands-on exercises. Participants will gain a thorough understanding of how to implement effective identity verification processes in digital environments.
CPD Recognition
This programme may be approved for up to 5 CPD units in Financial Regulation and AML. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
This training course may be approved as an external activity under the new ACAMS recertification category ”non-ACAMS credits” for up to 5 CPD units. Eligibility criteria and CPD Units are verified directly by the Association of Anti-Money Laundering Specialists (ACAMS). To read more about the non-ACAMS credits policies and eligibility criteria please click here.
In-house Training
For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.
Training Objectives
By the end of the programme, participants will be able to:
- Understand what the risk-based approach is
- Explore the FATF Guidance for the Risk-based approach for CAs and CASPs
- Describe the factors that need to be considered when conducting risk assessments
- Examine the licensing requirements of CASPs
- Explain what Customer Due Diligence (CDD) is and explore its appropriate implementation
- Discuss the travel rule
- Identify the main elements of an AML program
Training Outline
- Understanding the risk-based approach
- The FATF recommendations and the risk-based approach
- The FATF Guidance for the Risk-based approach for CAs and CASPs
- Risk Assessments
-
- Business-wide risk assessments
- Individual customer risk assessments
- Licensing of CASPs
- CDD
- The AML programme
- The Travel rule
- Other considerations
Who Should Attend
This programme is ideal for:
- Compliance officers
- EU Lawyers
- Third-country lawyers
- Internal and external legal advisors
- IT Professionals (including Software Developers, Technology Strategy Leaders)
- Financial Advisors
- Executives and Senior Managers
- Blockchain technologists and developers
- Attorneys of the Republic
- Legal Services Professionals
- Graduate Lawyers, Junior Lawyers, Law Students and Researchers
- Legal Projects Managers
- Government Agencies
- HR Managers
- Corporate Administrators
- Strategy Managers
- Digital Transformation Heads, Officers and Team Members
- Innovation Leaders and members of Innovations labs
Training Style
The programme is designed to deliver key knowledge, via presentations, discussion, questions and answers. Participants will take away practical knowledge that can be transferred to their workplace.
CPD Recognition
This programme may be approved for up to 5 CPD units in AML and Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
For the CySEC requirements, CPD units attained from this course should not exceed the 50% of the total CPD Units of each individual.
This training course may be approved as an external activity under the new ACAMS recertification category ”non-ACAMS credits” for up to 5 CPD units. Eligibility criteria and CPD Units are verified directly by the Association of Anti-Money Laundering Specialists (ACAMS). To read more about the non-ACAMS credits policies and eligibility criteria please click here.
In-house Training
For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.
