By deepening the IMF’s understanding of machine learning and digital fraud prevention, Wiskirchen believes he will ultimately support merchants, vendors, banks and agencies worldwide in their effort to protect their digital innovation.
As cyberattacks continue to increase in frequency and sophistication, the committee has recognised a need to address questions regarding data ownership, use, access and protection.
The CEO of the digital fraud prevention solutions provider has deep expertise in these areas and previously served as board chairman for the Salt Lake City Branch of the Federal Reserve Bank of San Francisco.
According to Wiskirchen, Kount protects the digital innovation of over 6,500 customers spanning 180 countries and without exception, he sees a pervasive focus on data protection and fraud prevention.
“From new account creation to account takeover, companies’ vigilance must extend beyond chargebacks and payment fraud. Protecting and securing their customer and partner information is paramount to their success.”
The IMF estimates that approximately, 1.7 billion adults worldwide do not have access to financial services.
Following the Bali Fintech Agenda, 12 policy elements have been outlined to support major social and economic impacts of empowering this population.
This effort will help IMF member countries harness the benefits and opportunities of fintech, while simultaneously managing the inherent risks as they rapidly transform the provision of banking services.
The Advisory Group also includes Ripple.com Executive Chairman (Chris Larsen); Alibaba Digital Economy Institute President (Dr Long Chen); and Deputy Assistant Secretary, International Financial Markets, US Treasury (Sharon Yang).
-- BERNAMA
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