Time is money when it comes to effective fraud prevention, especially as momentum for adopting faster payments continues growing. Absent a nimble ability to evolve tactics in the face of increasingly sophisticated attacks, financial services firms are faced with the tough choice of implementing risk controls that constrain the user experience, inserting authentication mechanisms that can induce friction, or absorbing more losses. Given the rapid pace with which cybercrime is progressing, many FIs and fintech firms are trying to find ways to iterate their fraud and AML strategies more rapidly. This session will discuss the role that open platforms play in enabling financial services firms to be much more nimble in iterating their detection strategies. With a single API call, open platforms can provide signals from multiple point solutions and apply advanced analytics, while lifting the IT and vendor risk management burden from their clients.