IBM i2 Anti-Fraud Roundtable


Richard Collard Richard Collard
Subject Matter Expert in Transactional Fraud, Financial Crimes and AML

Richard Collard draws on a business-based career, with 2 of the major global fraud analytics organizations - specializing in the provision of detection solutions and consulting for credit and debit card issuers, for AML and Insurance. Prior to joining IBM through its acquisition of ILOG, Richard worked to develop a radical, new approach to rules-based fraud detection through the automated generation of rules using genetic algorithms and evolutionary computing techniques.

His approach to financial crime management is, therefore, holistic and non-prescriptive - he espouses the belief that there is no such thing as a 'one-size-fits-all solution'. This fits extremely well with the componentized nature of IBM's approach to the challenges that the FSS industry faces in 2013 and beyond. IBM's ability to draw on 'best-of-breed' components ensures that an institution is not tied to a specific specialization or paradigm - a key benefit when considering the specific nature of fraud and financial crimes within any single geography.

He has worked on major operational reviews for banks in South Africa and Switzerland generating significant $ savings and operational efficiencies and has been instrumental in the adoption of Business Rules Management Systems (BRMS) technology as a major component of a hosted fraud detection capability at MasterCard. Current projects include driving a major transformational project with one of the major UK banks' AML group to ensure effective resolution of entities across business units and geos using a combination of IBM paradigms and technologies.

Richard's ability to draw on global experience allows significant knowledge transfer of global best practice.

His approach is consultative and respectful of geography and culture which ensures that the thought-leadership that he provides is positively received - traits which have earned him significant respect through his engagements.

He has a Bachelor degree in French and Economics and has published work by IBM.