As fraud techniques become increasingly sophisticated, and synthetic data is emerging as a powerful tool to enhance fraud detection and prevention, while also addressing challenges related to data privacy and compliance. This session will explore the impact of synthetic data on fraud management, its role in improving machine learning models, and how it can be leveraged to simulate new fraud schemes in a risk-free environment.

- Understand how synthetic data can improve fraud detection models by providing high-quality, risk-free data for training.
- Learn how synthetic data can help ensure compliance with GDPR while enabling more robust fraud prevention strategies.
- Explore the benefits of using synthetic data to simulate emerging fraud trends, test fraud systems, and enhance machine learning models.
- Discover how collaboration using synthetic data can strengthen the collective defence of UK banks and lenders against fraud.