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Finance and Accounting Masterclass: Risk Management and the Digital Economy


VPJUN203 - The COVID Impact: How Changing B2B Payment Behavior Has Affected Credit Risk


Jun 24, 2021 2:00pm ‐ Jun 24, 2021 2:50pm

Description

In the fallout from the COVID-19 pandemic, B2B buyers and sellers alike have had to pivot significantly to adapt, migrating to digital channels like ecommerce to survive in a remote world. But as businesses have been grappling with COVID-19, many have also had to deal with increased fraud activity. Research from the Credit Research Foundation shows that 30% of professionals in the credit management community have experienced more instances of fraud since the pandemic began, payment fraud and synthetic identity issues chief among them. In this session, you’ll come to understand the intersection of payment digitization and credit risk and learn about strategies and technologies supporting fraud detection and risk management.

Learning Objectives:
  • Discover the kinds of fraud credit professionals are currently seeing and their monetary impact
  • Understand what it takes to reap the benefits of accepting B2B payments online while mitigating inherent security risks
  • Identify key fraud prevention and risk management strategies
  • Learn which technologies can support with fraud detection and managing credit risk

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