News & Press: Money Laundering

Bitcoin and Crypto Currencies – Money 2.0 or Financial Crime Risk?

Saturday, August 8, 2015  
Posted by: Brian Kindle
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Friday, August 8th, 3 – 4 PM ET

Presented By Mike Urban, Product Portfolio Director, Financial Crime Risk Management, Fiserv

Bitcoin and other virtual currencies have swept the headlines and created numerous questions for the financial services industry, from regulation to merchant acceptance. While their popularity grows, the unique structure and function of some virtual currencies leaves them vulnerable to exploitation by money launderers, fraudsters and other financial criminals.
This webinar will provide practical guidance on what crypto currencies are, how they will impact financial institutions, and their financial crime risks. Attendees will learn:

  • How Bitcoin works, from decentralized transactions to “mining”
  • The rapidly developing ecosystem around crypto currencies
  • How crypto currencies are interacting with the financial services sector
  • The financial crime and operational risks posed by Bitcoin and other crypto currencies
  • Insights into the current regulatory environment globally





About the Presenter

Mike Urban has over 18 years of experience in fraud management. He currently serves as Director, Portfolio Management, for Fiserv. He analyzes financial crime issues and trends to provide continuous improvements in fraud detection technology.

Mike co-invented Card Alert Services, an ATM network fraud detection service that serves thousands of financial institutions to identify debit and ATM counterfeit fraud, which was acquired by FICO. As a member of the start-up management team, he served as Research & Development Director, Technology Director and General Manager. Prior to joining Card Alert Services, Mike worked for Electronic Payment Services, Inc., now owned by First Data Corporation, where he developed and managed projects for data analysis using data warehousing and OLAP analytical techniques. As a renowned industry expert, Mike regularly speaks about fraud trends, best practices and solutions to industry groups. He has been quoted in numerous publications including the New York Times, Wall Street Journal, MSNBC, Computer World, American Banker and ATM & Debit News.


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