Prakash is a managing director in Deloitte Transactions and Business Analytics LLP and leads Payments Risk & Integrity for financial services, retailers, and service providers. He also co-leads the Deloitte blockchain and cryptocurrency community. For more than 20 years, he has worked in the fraud/risk management groups of large credit card issuers and payment startups. He has extensive experience in mitigating fraud across payment types and channels, including mobile and online, and is currently working on a big data/machine learning framework to detect cyber, criminal activities targeting banks and financial institutions. He also focuses on deploying the blockchain infrastructure for entities across different sectors and is the inventor of an ‘out-of-band’ mobile fraud prevention solution to help card-issuers combat non-face-to-face fraud worldwide.
Risks posed by blockchain-based business models