As payments move faster and fraud grows more sophisticated, traditional, reactive approaches are no longer enough. In this video interview, Sanjeev Chib, VP, Product, Fraud at Symcor, explains why fraud prevention must evolve from isolated transaction monitoring to a collaborative, ecosystem‑level defense model.

Sanjeev explores how emerging technologies like AI, the introduction of instant payments, and increasingly complex fraud patterns are forcing financial institutions to rethink how they detect and prevent financial crime. He highlights the power of consortium data and cross‑sector collaboration bringing together banks, fintechs, and even telecom providers to create stronger fraud signals and faster detection.

The conversation also looks at how Symcor is leveraging

• AI‑driven fraud detection,
• confirmation of payee, and
• shared intelligence

to help institutions identify fraud earlier, reduce risk, and build trust across the Canadian payments ecosystem.

Watch the full interview below to learn why fraud and risk management must be designed in from the start not bolted on later.