Warsaw, March 6, 2019
Warsaw, March 6, 2019
As a group operating on the international market, CRIF clearly sees the current transformation not just of factoring and leasing, but also of the entire financial market. A transformation consisting of, among other things, the flow of clients from traditional channels to online (digital channel). This transformation brings with it many risks. The Risk & Supervision Meeting 2019, organized in Poland on March 6, was a place to discuss this transformation and share the experience of experts. It was also a meeting place for industries that work together to find the solutions to answer the question: how can we fight threats in cyberspace using modern technologies?
The meeting of the factoring and leasing industry, which faces challenges in the area of credit risk on a daily basis, but mainly fraud, included not only lectures and debates, but also behind-the-scenes discussions.
"The biggest challenge for both industries, of course, is fraud, which has changed in character in recent times. Fraud carried out by organized "backyard" criminal groups is being replaced by very sophisticated fraud based on Internet technologies, conducted by criminal organizations or individual fraudsters, using vast experience, knowledge and technological tools", explained Michał Pawlik, President of SMEO.
The meeting started with a summary and comparison of the results of the anti-fraud survey in the leasing and factoring industry, presented by Piotr Badura, CRIF Sp. z.o.o. Managing Director.
Other topical lectures related to information provided by companies to CRIF in surveys concerned:
- Types of crime related to leasing and factoring and prevention methods;
- Digital user identity and device traces left on the network as an effective tool for detecting and combating fraud;
- Current changes in the law and their impact on the leasing and factoring industries.
The special guest at the conference, Mammerler Christoph, Business Development Manager DACH, CRIF GmbH (Austria), presented innovative solutions that have been implemented or tested within CRIF Group, related to the quick and easy granting of loans to individual clients (apps used to scan documents and faces related to loan applications).
The Risk & Supervision Conference was a starting point for further discussion, which we will be doing in bilateral talks, or CRIF working groups, to establish cooperation between industries and face common challenges for the developing market.
