Using AI for Fraud Prevention & Risk Management

AI: The Game Changer in Fraud Prevention

The rise of sophisticated fraudulent activities presents significant challenges to the financial sector, making robust fraud prevention and risk management critical. This course, "Using AI for Fraud Prevention & Risk Management," equips participants with the knowledge and tools to combat fraud effectively. By leveraging the power of Artificial Intelligence (AI), participants will learn how to detect fraud patterns, explore cutting-edge AI tools, and understand how AI integrates with risk management strategies. The program also highlights regulatory frameworks, ensuring participants are well-versed in compliance while enhancing their organizational fraud detection capabilities.

Master AI-Driven Risk Management Strategies

This course offers an in-depth understanding of how AI transforms traditional fraud detection into a proactive and precise process. Through practical use cases, participants will gain insights into identifying red flags, assessing organizational vulnerabilities, and implementing user-friendly AI tools such as IBM Watson Assistant, SAS Visual Analytics, Tableau, and Microsoft Power BI. With a focus on real-world applications, this program prepares professionals to stay ahead in the fight against fraud while aligning with regulatory and organizational policies.

Upon completion of course, you will be able to:

• Recognize the pivotal role of AI in fraud management and its application in real-world fraud scenarios.
• Identify red flags indicating fraudulent activities and utilize AI to detect potential fraud indicators.
• Discover and implement user-friendly AI tools such as IBM Watson Assistant, SAS Visual Analytics, Tableau, and Microsoft Power BI for efficient fraud prevention.
• Integrate AI into risk management strategies, utilizing practical use cases.
• Implement regulatory procedures and organizational policies to anticipate, detect, and prevent fraud effectively.

This course is designed for professionals seeking to gain knowledge of leveraging AI for fraud management. 

• Claims Appraisal Executives seeking to evaluate and escalate potential fraud cases for further review and investigation while aligning with organizational procedures.
• Operations Risk and Control Analysts serving as the first line of defense in risk management, eager to identify and mitigate day-to-day risks.
• Professionals Interested in Fraud Prevention, including those assessing organizational vulnerabilities and implementing effective fraud management measures.

Learners need to possess basic information and communication technology (ICT) skills. 

There are no *pre-requisites for professionals who would like to pursue this course.

"The trainer has practical experience and is able to relate learners to the topics in a patient and engaging manner. The verbalisation of the contents in the teaching materials and sharing of additional readings are very useful." - Koh Xiao Wei, Assistant Director, Ministry of Health

"Mr Alvin demostrate live use cases for Ethical AI, going above and beyond the textbook examples. Love the fact that he successfully made a techncial topic -super interesting and highly relevant." - Muhmad Ariff, Global Head SEO, Standard Chartered Bank

"Trainer is experienced and is able to distil complex concepts in simple easy to understand terms." - Khor Mi Mi, Ministry of Communications and Information

"Alvin Lam knows a lot about AI and is able to relate his knowledge to the current situations. Good Intreaction." - Chen Lee Wah, Ministry of Trade and Industry

"Trainer has practical knowledge and experience in the various field industries enabled relevant sharing. Engaging discussions with trainer and trainees." - David Sy

"Alvin is a captative trainer, he is able to stimulate interest in participants. Discussions and case studies really helped me with absorbing the content." - Tanya Tang, Middle Management

"Excellent work from trainer! Alvin Lam is very experienced and professional. Keep it up!" - Koh Kheng Soon

"Mr Alvin demonstrates live use cases for Ethical AI, going above and beyond the textbook examples. Love the fact that he successfully made a technical topic -super interesting and highly relevant."

"Trainer is well versed in the field. Provides useful real life examples to aid understanding and learning."

Alvin Lam: Expert in Artificial Intelligence and Blockchain Technologies

Alvin Lam, Co-Founder of AI Vision Fund, is a recognized authority in Artificial Business and Blockchain Technology. With over 20 years of experience in leveraging technology for business innovation, Alvin is an MIT and Oxford Certified Expert specializing in AI, Blockchain, and digital business strategy. His unparalleled expertise bridges IT consultancy with business insights, enabling him to provide cutting-edge solutions to C-level executives and enterprises.

Alvin holds certifications from MIT Sloan Executive Education and MIT CSAIL in Artificial Intelligence, as well as an Oxford Blockchain Strategy Certificate. He has an MBA from Murdoch University and a BSc in Computer Engineering from Nanyang Technological University. As a certified trainer with the Institute of Adult Learning, Alvin’s engaging teaching style combines theoretical frameworks with practical applications, ensuring participants leave with actionable knowledge and skills.