As last year, CRIF DACH organized the expert forum "Innovations in Credit & Fraud" on 6 June 2019. This year's event was held under the motto "INNOVATION. TRANSFORMATION. VALUECREATION." Nearly 90 experts from the financial and banking sector came to the Design Offices in Frankfurt to inform themselves about news and trends from the financial sector in the lectures and panel discussions. In the breaks and at the final cocktails on the roof terrace, the participants also had time for the part that should not be missed at such an event: Networking. And those who listened carefully to the conversations could always hear the same words: Digitisation, PSD2, OCR, digital onboarding and above all fraud prevention. After the welcome by the hosts Christian Bock (Managing Director CRIF Bürgel GmbH) and Natalia Shchelovanova (Regional Director, Decisioning, Business Development and Consulting, CRIF GmbH), moderator Stephan Glismann-Bringmann took over the command and brought the attendees up to operating temperature with an introductory Pecha Kucha lecture.
The expert forum was divided into three topics: "INNOVATION. TRANSFORMATION. VALUECREATION. The first lecture was given by industry expert Peter Rosemann. He impressively demonstrated the connection between real time payments on the one hand and fraud on the other. Rosemann also spoke about the ECB's new "Target Instant Payment Settlement" (TIPS) service. Ludolf Ebner followed. The CEO of Bankenscore explained the credit rating based corporate financing in the age of PSD2. Ebner explained how Bankenscore reverses the credit process in an open digital credit rating platform. The companies' own queries are regarded as the starting point for available loans.
In an interactive lecture, Dr. Manuel Zollikofer (CRIF AG) and Marc Hallauer (Comparis AG) demonstrated the advantages of a self-assessment portal for consumers. The cooperation between CRIF and Comparis provides Swiss consumers with the transparency they urgently need on the subject of credit scoring.
The lunch break was used by all those present for extensive networking.
Afterwards, the first English-language presentation continued. Luca Agnesi (BMW Bank) and Simone Capecchi (Executive Director, CRIF SpA) demonstrated the successful cooperation between BMW Bank and CRIF in Italy. The CRIF approach ranges from digital advertising and OCR technology to an OpenBanking platform. Afterwards Dr. Sebastian Schnelle (CRIF Bürgel GmbH) and Massimiliano Minei (CRIF SpA) looked at new ways in prospecting and showed application cases from Germany and Italy.
This was followed by a lively panel discussion "Fraud makes you smart - are fraudsters smarter?" with Erik Manke, Prof. Del Re, Bastian Steinbach (CRIF Bürgel GmbH) and presenter Stephan Glismann-Bringmann. Whether fraudsters are actually smarter, could not be clarified thereby unanimously.
After another short break the third block - VALUECREATION - started.
Markus Brinkmann (BDO Germany) explained the relevance of identifying compliance risks in corporate transactions through compliance due diligence and gave interesting practical examples. In the next to last lecture, Prof. Del Re showed how to check documents for authenticity and thus protect against fraud. The managing director of VeriTrust illustrated the examination thereby very in line with standard usage by the example of wages and salaries accounting. Last but not least Erik Manke smelled on stage. The criminal investigator reported lively about cases of account opening fraud experienced by himself. After a wrap-up by moderator Glismann-Bringmann, the participants of the expert forum enjoyed cocktails and finger food on the roof terrace of the design offices and discussed, networked or simply enjoyed the view over the Frankfurt skyline.