The prevention of fraud will be among the top topics of the fifth anniversary edition of the business event for secure and affordable digital payments DIGI PAY 2022, which will take place on October 5 at the Inter Expo Center.
In order to ensure even more secure payments in our country, BORICA is building a single Anti-Fraud Center (AFC) to provide fraud monitoring and prevention services to all financial institutions in Bulgaria. It will be a central office specializing in fraud management and control. It will monitor transactions originating from multiple networks and channels in real-time, thereby seeking to minimize the impact on the end user. The partners in this project - BORICA and IBS - will tell DIGI PAY more about the decision exclusively.
Now it is more important than ever to resist attackers and prevent payment fraud, commented Goran Angelov, founder of IBS Bulgaria, one of the leading companies in the country with a focus on the financial industry, analytics solutions and system integration, artificial intelligence, the fight with fraud and financial crimes.
The conference will be opened by Ms Sue Pereira from the Directorate-General for Financial Stability, Financial Services and Capital Markets at the European Commission. It will cover the implementation of the European Commission's Payments Strategy, key ongoing initiatives, instant payments and an overview of the current Payments Directive PSD2. MEP Eva Meidel will share news about the legislation related to artificial intelligence and upcoming initiatives in the field of financial services. BNB Deputy Governor Nina Stoyanova will present the country's views on the new financial market regulations.
As every year, the General Directorate for Combating Organized Crime (GDBOP) of the Ministry of Internal Affairs will present the new trends related to financial fraud. For another year, ethical hackers will also hold a workshop.
Partners of this year's event are the Association of Certified Fraud Detection Experts (ACFE Bulgaria), the Bulgarian Association of Software Companies, the Bulgarian Fintech Association, the Bulgarian E-commerce Association, the Bulgarian Association of Certified Ethical Hackers, from this year and the Bulgarian Startup Association .
The event will be held on the 5th of October at the Inter Expo Center, Sofia.