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Confidential Computing: Preventing Fraud Through Secure Industry Collaboration

June 5, 2:45 PM - 3:05 PM
Imperial Room A

Annually, the volume of fraudulent activities in payments continues to rise, prompting banks to ramp up their investments in prevention and compliance measures to safeguard the integrity of the financial system. Recognizing the imperative for industry-wide collaboration, Swift, as a member-driven cooperative, is spearheading efforts to mitigate the impact of fraud through innovative approaches.

In this session, Swift will showcase its groundbreaking initiative to drive industry collaboration in fraud reduction. Leveraging its unparalleled network and community data, Swift is pioneering a foundation model for anomaly detection with unprecedented accuracy and speed. Central to this endeavor is Swift's strategic integration of confidential computing, ensuring the highest standards of security and privacy in data and AI collaboration.

By partnering with key technology vendors and leading an industry pilot group comprising the world's largest banks, Swift is tackling some of the toughest challenges that have plagued the industry for decades. This collaborative effort underscores the recognition that no single entity possesses all the answers, but together, industry stakeholders can forge solutions that benefit all.

Attendees will gain invaluable insights into Swift's holistic approach to combating fraud and how confidential computing serves as a linchpin in enabling secure collaboration among industry players. Join us to discover how this work is championing a global, inclusive economy that prioritizes the interests of end customers while maintaining the highest standards of security and privacy.

About the speaker

Johan Bryssinck

Johan Bryssinck

Head of AI Program and Federated AI, Swift

Johan Bryssinck leads Swift's AI Program, Federated AI, Shared Services and Governance. He has more than 20 years' experience in leadership in corporate strategy, business transformation and innovation, technology, architecture, and capacity management. At Swift, Johan is driving the adoption of artificial intelligence to enhance its products and services and innovate with customers. He oversees banking, vendor, and FinTech partnerships to solve common industry challenges with artificial intelligence. 'Responsible AI' is central to how Swift employs the technology as a key enabler for instant and frictionless cross-border payment and security transactions. His career spans critical market infrastructures at SWIFT, CLS, and Euroclear.