AI Leaders Gather in New York to Share Real-Time Strategies for Fighting Financial Fraud

CDO Magazine New York Dinner Explores AI’s Real-Time Defense Against Fraud

On August 14, CDO Magazine hosted an Executive Boardroom Dinner in New York, gathering senior leaders in data, analytics, and AI. The focus was clear: how AI can be leveraged to fight financial fraud in real time.

The discussion centered on practical strategies for spotting unusual behavior, minimizing false alarms, and building fast, reliable systems. Executives emphasized the value of AI in uncovering hidden patterns, all while reducing costs with smarter models and streamlined technology. Srini V Srinivasan, Aerospike Founder & CTO, moderated the session, guiding conversations on real-time fraud detection.

Key Insights from Industry Leaders

Arvind Balasundaram, Executive Director of Commercial Insights & Analytics at Regeneron, pointed out a significant gap in making data a product that delivers agile, real-time business impact. He noted that emerging data ecosystem players like Aerospike are becoming crucial in this space. While the examples focused on fraud and finance, the lessons apply to other sectors, including healthcare. Balasundaram stressed that the adaptability of data is becoming essential for its business value, moving beyond just data acquisition and ingestion to more effective data provisioning.

James Massa, Senior Executive Director at JPMorganChase, reflected on the event by highlighting the quality of attendees and the smooth execution of the evening. He praised the clear overview of fraud technology best practices shared during the dinner.

Girish Gajwani, Vice President of Securitized Products Technology at Barclays Corporate & Investment Bank, summed up the collaborative spirit: “Build it; they will come.” He emphasized that purposeful creation attracts the right collaborators ready to innovate and shape the future together.

Anthony Losanno, CDO Magazine SVP of Sales, highlighted the interactive nature of the session and the vibrant engagement from New York’s brightest minds. He reinforced the message that treating data as a product and ensuring quick access to it are critical to success in fraud detection.

Moderator’s Closing Thoughts

Srini Srinivasan, who led the discussion, described the event as outstanding. He emphasized how combining real-time data with finely tuned AI models significantly reduces false positives and improves fraud detection accuracy. Srinivasan expressed enthusiasm for continuing these important conversations.

Executives at the Dinner

• Manal Alimari, Sumitomo Mitsui Banking Corporation, Head of Enterprise Data Governance & Transformation
• Arvind Balasundaram, Regeneron, Executive Director, Commercial Insights & Analytics
• Pooja Batra, Bloomberg, Head of Technical Product Management
• Lukas Bundonis, Netflix, Senior Privacy Engineer
• Ipshita Chakraborty, HelloFresh, Director of Data Science – Global Product Strategy & Ops
• Xu Cheng, Ascot, Head of BI and Insights
• Almaz Falol, C3 AI, Senior AI Engagement Manager
• Girish Gajwani, Barclays Corporate & Investment Bank, Vice President, Securitized Products Technology
• Oliver Gomes, Fox Corporation, VP Enterprise Apps & Data Platforms
• Kodjo Hogan, TD Bank, Business Information Security Officer
• Elaine Huang, Verizon, Senior Director, Insight & Enablement, Enterprise D&A HUB
• James Massa, JPMorganChase, Senior Executive Director, Software Engineering & Architecture
• Kjersten Moody, former Prudential Financial, Global Chief Data Officer
• Anil Prasad, Duke Energy Corporation, Senior Software Engineering Leader, Software Products, Data, AI/ML, GenAI
• Tali Rosenblum, New York Life, VP, Executive Officer & Head, Enterprise Strategic Insights & Analytics
• Alexander Rosenzweig, American Express, Director, Data Risk & Privacy
• Melanie Selvadurai, Tiktok, Privacy Program Manager, Privacy Risk
• Gopika Shah, Falcon Risk Services, Technology Officer
• Viktoriya Smith, Citi, SVP
• Gaurav Deshpande, Aerospike, CMO
• Cassandra Gulia, Aerospike, Senior Field Marketing Manager
• John Hong, Aerospike, VP, Global Head, Solutions Engineer
• Srini Srinivasan, Aerospike, Founder & CTO
• Stuart Tarmy, Aerospike, Global Director, Financial Services Industry Solutions & Global Partnerships
• Gerri Caveness, CDO Magazine, Global Events Manager
• Anthony Losanno, CDO Magazine, VP of Sales

Special thanks go to Aerospike for supporting the event and helping make it a success.

For executives focused on fraud prevention and data strategy, this event highlighted the critical role of real-time AI models and agile data provisioning in reducing fraud risk and operational costs. To explore courses that can help your team harness AI for fraud detection and other applications, visit Complete AI Training’s latest AI courses.