Treasury: a holistic approach to identifying and preventing payments fraud

16 December 2021 | 3:00pm GMT | 4:00pm CET

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Payment fraud is increasing in frequency and magnitude as is the average loss per fraud. Attacks are becoming more professional and targeted to specific companies’ processes and organizational footprint. Although there is no ‘one size fits all’-approach there are some concrete patterns emerging.

  •  How can you protect your company’s assets?
  • What is the best practice in terms of processes and controls?
  • How can you work together with banks and other suppliers to mitigate risks?

In this webinar you will hear about the latest trends in fraud, the best technologies and corporate practices to avoid extreme events and why collaboration among all stakeholders is key.

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Royston Da Costa

Royston Da Costa

Assistant group treasurer Ferguson Plc

Royston Da Costa has over 33 years’ experience working in treasury. He joined Wolseley, now Ferguson Group, in April 2002, and was responsible for managing the group’s daily debt and cash requirements.

In 2010, Royston was given the responsibility for driving the automation of Treasury’s processes at Ferguson, which led to the implementation of their current treasury management system in 2015, a cloud-based solution by Bellin (a Coupa Company).

He was promoted to assistant group treasurer in November 2016, and was made responsible for the middle office, as well as continuing to drive forward the group’s strategy on treasury technology.

In November 2019, Royston was given the additional responsibility for the front office.

Royston has had a number of articles published by Treasury journals including an article on “Cyber Fraud and the impact on Treasury”.
He is a frequent speaker at national and international conferences, as well as courses run by international treasury organisations.
He is a member of the Advisory Board for Treasury Leaders Summit (TLS), and a member of Barclays Bank’s Corporate Advisory Committee.

Royston previously worked at Sky, Gillette, PolyGram, Seagram, and Vivendi Universal.

Ferguson won the 2020 BELLIN Champions Award for “Best Practice”

Ferguson were recognized in the 2018 TMI Awards for Innovation and Excellence with a Corporate Recognition Award for their “Future proofing Treasury” project.

Royston also won the Adam Smith award on behalf of Ferguson for the “Best Cyber-Security Solution” in 2019.