Cash Out: Fraud's Final Act

"What happens when the moment of truth isn't onboarding - it's the moment the money moves?"

Businesses pour resources into KYC, fraud modelling, and onboarding checks. But fraud doesn't really happen until the money goes out, and by then, it's often too late to get it back.

This week's guest is Apurva Shrivastava, Product Lead for Global Payments Product at Amazon. He breaks down why payout fraud is one of the most underestimated risks in the industry, and why "we caught it at onboarding" isn't enough on its own.

We cover the three phases of cash-out fraud: Account farming, waiting for a trigger event, and burst execution, why payout fraud often gets booked as an "operational loss" instead of a fraud loss, and what a disbursement-time identity assurance score could look like in practice.

As Apurva puts it: platforms have to be right every time. Fraudsters only need to be right once.

Sumsub's Website: sumsub.com

Sumsub's LinkedIn: linkedin.com/sumsub

Sumsub's Instagram: instagram.com/sumsubcom

Sumsub on X: x.com/Sumsubcom

Sumsub's YouTube Channel: youtube.com/@sumsubcom

Thomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniuk

Apurva Shrivastava on LinkedIn: linkedin.com/in/apurva-shrivastava/

Hosted on Acast. See acast.com/privacy for more information.

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(55)

Building Trust in Africa’s Digital Economy

“Customers don't choose between security and convenience. They expect both."Africa's payments, banking, and digital commerce ecosystem is expanding at extraordinary speed, and fraud is scaling right a...

23 Syys 47min

The New Front Lines of Financial Crime in Africa

"The fraudsters have the same AI tools we do. The difference is who uses them faster."Africa's payments, banking, and digital commerce ecosystem is expanding at extraordinary speed, and fraud is scali...

22 Syys 44min

Bury the Blockchain: Crypto's Fight for Trust

Cryptocurrency didn't invent financial fraud, but it changed how money moves and how criminals exploit it. Now, with new US legislation on the table, the industry faces a bigger question: can a system...

15 Heinä 49min

Designing for Trust in the Age of Agents — Money20/20 Europe

For Part 2 of our special coverage from Money20/20 Europe in Amsterdam, we continue the conversation on AI, trust, and fraud with a fresh set of leaders from across digital banking, payments, and regu...

18 Kesä 54min

Adapt or Fall Behind - AI & Fraud Insights from Money20/20 Europe

Recorded live on the floor of Money20/20 Europe in Amsterdam, this special episode of What the Fraud? brings together some of the sharpest minds in fintech to tackle the questions that matter most rig...

17 Kesä 33min

Account Takeover: When Trust Gets Hijacked

Account takeovers have become one of the biggest challenges in fraud prevention.In this episode of What The Fraud, Tom is joined by Suz Lynch, Head of Financial Crime, and Paul Marsden, Head of Risk a...

3 Kesä 43min

Building Crypto Infrastructure — Insights from Consensus Miami

“What does it really take to move digital assets from hype to institutional infrastructure?”At Consensus Miami 2026, one theme stood out clearly: digital finance is moving from experimentation to infr...

21 Touko 30min