How Big Data Can Help Banks Solve Big Fraud Problems

Originally offered March 22, 2018  

Duration: 60 minutes

CPE Credit: 1 

Description: This webinar will discuss how fraudsters avoid controls and how cloud technology can proactively identify trends. You will learn how to detect fraud schemes perpetrated through digital channels, reduce false positive results and uncover multi-institutional crime ring activity. You will also learn about the changing landscape of fraud and how financial institutions can leverage data to mitigate risk.

Field of Study: Specialized Knowledge

Course Level: Basic

Prerequisite: None

Advanced Preparation: None 

Delivery Format: Group Internet Based 

You Will Learn How To:

  • Identify and deploy solutions for emerging fraud trends by analyzing demographic, transactional and online data in a cloud environment
  • Recognize the ways fraud crime rings are inflicting losses across multiple institutions through cases studies
  • Assess current approaches and fraud mitigation techniques for online account takeover, deposit fraud, card fraud, wire fraud and loan fraud
  • Determine ways to adopt innovative cloud technology and cross-institutional evidence into your fraud prevention program to proactively detect and mitigate fraud losses and protect your customers


Mauriceo Castanheiro
Director, Fraud Analytics


Mauriceo Castanheiro has more than 15 years of experience fighting fraud. He previously worked at Royal Bank of Canada (RBC), one of Canada’s largest banks and one of the largest banks in the world based on market capitalization with operations in 41 countries. Castanheiro held key positions within fraud management including operations, analytics and national office strategy. He represented RBC on the Interac Risk Management Group which is Canada’s national debit card network. He was responsible for various portfolios at RBC including debit card and account fraud, loan fraud and insurance fraud. He led various initiatives that resulted in hundreds of millions in savings within RBC and across the industry. In his role at Verafin, Castanheiro is responsible for the overall analytics strategy and assisting in bringing new solutions to market.

Sponsored by Verafin                                  

Verafin is the leader in cloud-based, cross-institutional Fraud Detection and Anti-Money Laundering (FRAMLx) collaboration software with a customer base of 1700 financial institutions across North America. Using advanced cross-institutional, behavior-based analytics it helps financial institutions stay a step ahead of numerous types of fraud as well as the BSA, USA PATRIOT Act, and OFAC compliance landscape, while allowing them to collaborate cross-institutionally. Verafin is the exclusive provider of fraud detection and BSA/AML software for the Western Bankers Association, Texas Bankers Association, Florida Bankers Association, Illinois Bankers Association, Massachusetts Bankers Association, CUNA Strategic Services, a preferred service provider of the Independent Community Bankers of America, and has industry endorsements in 47 states across the U.S.

Verafin's innovative crime-fighting solution includes FRAMLxchange, the industry’s largest secure 314(b) information sharing network, that facilitates collaboration between investigators at nearly 1400 financial institutions, and is available to any 314(b)-registered institution. 

Information you provide during the registration of this webinar will be provided to the sponsor, Verafin, and may be used to send you information, special offers or promotions from Verafin.