The first day of FINCON saw 305 delegates, students, and experts from finance, cybersecurity, and forensics come together with enthusiasm and curiosity

The inaugural ceremony began with the lighting ceremony, graced by the presence of many dignitaries from NFSU. Followed by this, Dr. Haresh Barot, Dean, announced the themes of the conference, where he introduced various areas of research that the organizers and scholars invite collaboration for. Themes include the conference building a structure that mitigates fraud, quantifying the role of technology and leveraging Business Intelligence for accurate fraud detection. Another major theme of the conference is the ongoing research on sector-specific corporate frauds.

The Dean’s opening remarks were followed by valuable additions from the guests of honour. These discussions all propose multidisciplinary collaborations between tech-intensive fields like Cyber Security, Policy interventions and forensics. Shri Rajesh Thapar encouraged students to pursue research in collaboration with the industry and the government. Shri B K Singhal, Chief General Manager, proposed the introduction of a shared services model to make fraud detection more inclusive and accessible.

Another key highlight of the FINCON, Day 1, is the panel discussion on Industry Specific Fraud Detection and Prevention, which, as mentioned earlier, is one of the themes of the event. Seasoned professionals and scientists from various domains presented takeaways on fraud prevention from years of experience. Noteworthy speakers include Dr. Rukmani Krishnamurthy, whose been worked at the forefront of various high-profile cases over the past four decades. Dr. C R Mukundan mentioned in passing his latest research project studying social conditioning in children.

Overall, towards the end of the first half of Day 1, delegates and students were presented with many collaborative research opportunities. Additionally, this led to much-needed dialogue between forensic scientists, cybersecurity professionals and finance experts. All the participants left in high spirits, excited about the scope of collaboration that these deliberations.

Credits
– Rohit Kuntal
– Omkar Borkar

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