SIX and the Swiss Bankers Association (SBA) have launched a collaborative platform aimed at coordinating payment fraud prevention across multiple industries.
The inaugural Swiss Anti-Fraud Summit brought together representatives from the financial sector, telecommunications, technology, and online retail to address the growing complexity of digital fraud.
Participants at the event noted that digital fraud operations are increasingly professionalised and international.
They concluded that combating these networks requires coordination across the entire fraud chain. This starts from social media platforms and online marketplaces and extends to telecommunications providers and banks.
The summit focused on current fraud patterns and the systemic risks they pose to digital payment channels.
Discussions also covered future threats, including the expected rise in artificial intelligence-driven fraud.
Representatives stressed the need for earlier intervention in the digital ecosystem, particularly on communication platforms, alongside improved real-time data sharing between the private sector and law enforcement.
The groups noted that achieving this requires clearly defined frameworks for data protection and information exchange.
August Benz, Deputy CEO of the SBA, said:
“The banking industry takes its responsibility in the fight against fraud seriously and is working hard to develop effective prevention solutions. Collaboration across industries is vital. This is the only way to stamp out fraud over the long term.”
Christoph Müller, Head Banking Services and Member of the Executive Board, SIX, said:
“Fraud is a network problem and must be solved as such. This is what the Swiss Anti-Fraud Summit 2026 is all about. We are bringing key players in fraud prevention together in terms of communication, technology and operations.”
The SBA and SIX plan to use the summit’s findings to launch joint initiatives aimed at securing digital payment systems.
Featured image credit: Edited by Fintech News Switzerland, based on image by lifeforstock via Magnific
