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Speakers » Oleg Lagutkin
CEO, Equifax, Russia
Presenting with Alexander Khanin
Face-based interbank ID management - Innovative technologies for credit fraud prevention
- Biometric-based interbank ID management changes the banking industry;
- Practical applications of face recognition technology and fraud prevention;
- Customer story: Interbank ID management at one of the largest world credit bureaus.
Banks around the globe are losing billions of dollars annually due to credit fraud. To reduce loss, leading banks are using the services of credit bureaus to obtain full, relevant credit information about the borrowers and to prevent credit fraud.
The face is the most personal ID, and credit bureaus uses face recognition as an effective search tool for signs of fraud. One of the common fraud schemes in the loan application process is the use of stolen or forged identity documents. Integration of face recognition software into credit bureau systems allows the analysis of large amounts of depersonalized information, in real-time period, based on the biometric data of borrowers, and leaves no opportunities fir fraudsters.
Interbank ID management based on face recognition completely changes the banking industry - the photo is now sufficient to prevent fraud and automate decision-making on the loan application.
Oleg Lagutkin is the CEO of Equifax Russia. He joined the company in 2005.
Prior to Equifax, Oleg had a successful career in banking. From 2001 – 2005, Oleg was Deputy CEO at Energomashbank plc; from 2000 – 2001 he worked as a Chief Dealer at Petrovsky Narodny Bank, and from 1997 – 2000, he was a FX and Money Market Dealer at Bank Saint Petersburg.
Oleg has an EMBA in Business Administration and Management from SKOLKOVO Moscow School of Management and a degree in Economics and Banking from Saint-Petersburg State University.