Adam Nyaga, Vice President of NetGuardians' partner SOFGEN East Africa has joined CNBC Africa to discuss how to curb fraud in the financial sector.
Fraud remains a threat to the growth of Kenya's financial services sector. The country lost close to US$150 million to online fraudsters in 2014; while several financial institutions sent packing over 90 staffers in a fraud crackdown.
During his interview, Mr Nyaga gives an emphasis on the human factor behind fraudulent transactions. He describes examples of collusions and explains how to prevent and detect fraud using behavior analytics.
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