ohad.samet@klarna.com<br />http://fraudbackstage.blogspot.com<br />@ohadsamet<br />Risk Management for Risky Times<br />
About<br />
The Market<br />Who’s Out There? <br />The Payments Market Beyond eCommerce<br />Disruption, the Next Generation<br />Risk...
Who’s Out There?<br />
Why don’t you become a payments provider?<br />
The Payments Market Beyond eCommerce<br />
Digital<br />Marketplaces<br />Local-mobile-offline<br />
Disruption Next-Gen<br />
The Method: Short term Credit<br />The Wallet: Payroll<br />
Risk Managementis not What It Used To Be<br />Core Part of the Product<br />Technology Challenge<br />The Factory Approach...
Consumer Risk is a Solved Problem<br />I can pay!<br />I’m that Guy!<br />?<br />
Or It IS?<br />Fake Identities<br />Stolen Identities<br />Account Take Over<br />Hacked Machines<br />Returning Fraudster...
The Initial Encounter<br />TRUST ME<br />
Merchant Risk isn’t solved<br />
Risk “equations”<br />P[loss]*[Exposure]= Risk<br />Data + Domain Expert + Iterations<br />= Quality Decision<br />
Data Overload<br />
.edu<br />.edu<br />.edu<br />Context is Everything<br />.edu<br />.edu<br />CitiCITIBANK 	SOUTH DAKOTA<br />Citybank<br /...
The Single Source of Truth *<br />The Basic capability: Txn Review<br />Focus on the Why, Focus on People<br />Generalize<...
Iterate, Iterate, Iterate<br />
Questions?Ohad.samet@klarna.com@ohadsamethttp://fraudbackstage.blogspot.com<br />
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Risk management for risky times

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The slides for a talk I gave at Amazon.

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Risk management for risky times

  1. 1. ohad.samet@klarna.com<br />http://fraudbackstage.blogspot.com<br />@ohadsamet<br />Risk Management for Risky Times<br />
  2. 2. About<br />
  3. 3.
  4. 4. The Market<br />Who’s Out There? <br />The Payments Market Beyond eCommerce<br />Disruption, the Next Generation<br />Risk Management is Not What it Used to Be<br />Consumer Risk is a Solved Problem. Or is it?<br />…But Seller Risk Definitely Isn’t<br />(Some Popular Risk Equations)<br />Data Overload<br />The Single Source of Truth<br />Iterate, Iterate, Iterate<br />The Challenge<br />Solutions That Work<br />
  5. 5. Who’s Out There?<br />
  6. 6. Why don’t you become a payments provider?<br />
  7. 7. The Payments Market Beyond eCommerce<br />
  8. 8. Digital<br />Marketplaces<br />Local-mobile-offline<br />
  9. 9. Disruption Next-Gen<br />
  10. 10. The Method: Short term Credit<br />The Wallet: Payroll<br />
  11. 11. Risk Managementis not What It Used To Be<br />Core Part of the Product<br />Technology Challenge<br />The Factory Approach *<br />
  12. 12. Consumer Risk is a Solved Problem<br />I can pay!<br />I’m that Guy!<br />?<br />
  13. 13. Or It IS?<br />Fake Identities<br />Stolen Identities<br />Account Take Over<br />Hacked Machines<br />Returning Fraudsters<br />Crime Rings<br />Device Fingerprinting<br />Blacklists<br />Limits<br />
  14. 14. The Initial Encounter<br />TRUST ME<br />
  15. 15. Merchant Risk isn’t solved<br />
  16. 16. Risk “equations”<br />P[loss]*[Exposure]= Risk<br />Data + Domain Expert + Iterations<br />= Quality Decision<br />
  17. 17. Data Overload<br />
  18. 18. .edu<br />.edu<br />.edu<br />Context is Everything<br />.edu<br />.edu<br />CitiCITIBANK SOUTH DAKOTA<br />Citybank<br />Know your Customers<br />BofABOA<br /> America Bank<br /> BANK OF AMERICA<br />Don’t use blacklists<br />
  19. 19. The Single Source of Truth *<br />The Basic capability: Txn Review<br />Focus on the Why, Focus on People<br />Generalize<br />Analytic Storytelling<br />
  20. 20. Iterate, Iterate, Iterate<br />
  21. 21. Questions?Ohad.samet@klarna.com@ohadsamethttp://fraudbackstage.blogspot.com<br />

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