22 November 2024: The HYSEA Thought Leadership Series, in collaboration with KPMG, hosted a highly insightful session titled “Fraud Awareness: Navigating Financial and Human Capital Risks for Organisational Growth.” This exclusive event, brought together industry leaders, experts, and professionals to delve deep into the multifaceted world of fraud detection and prevention. The session provided attendees with invaluable insights into the latest trends in financial fraud, equipping them with actionable strategies to safeguard their organizations.
The event commenced with opening remarks by Prashanth Nandella, President of HYSEA, and Sandeep Paidi, Partner at KPMG, emphasizing the increasing significance of addressing both financial and talent-related risks in today’s business environment. They highlighted how unethical practices can severely damage an organization’s reputation, employee morale, and brand image, underscoring the need for proactive fraud prevention measures.
The keynote address, delivered by Abhijit Shah, Senior Vice President at DBS Bank, provided a comprehensive overview of economic resilience and financial risks. Shah emphasized the importance of navigating uncertainties in today’s dynamic markets and provided attendees with practical strategies to mitigate financial risks effectively.
A panel discussion, skillfully moderated by Maneesha Garg, Partner at KPMG, delved into the crucial topic of “Human Capital Risks and Organisational Integrity.” Esteemed panellists, including Sunit Sinha, Dr. Vipul Singh, Rekha Narendra, Ajay Maddali, and Yadhu Kishore Nandikolla, shared their expertise on fostering ethical work cultures, strengthening hiring processes, and implementing robust whistleblowing mechanisms. The launch of a PoV report provided attendees with valuable frameworks to address these critical issues effectively.
Roli Pawar, Partner at KPMG, delivered an insightful presentation on the significance of thorough background screening in safeguarding organizational integrity. Pawar outlined practical steps organizations can take to prevent fraud and unethical behavior, providing attendees with actionable insights to enhance their risk management strategies.
The session concluded with closing remarks by Vinay Agrawal, Global Head-Business HR at Tech Mahindra and Executive HYSEA Committee member, and Kartik Ramakrishnan, Partner at KPMG. Both leaders emphasized the critical need for seamless collaboration between finance, HR, and compliance functions to effectively safeguard organizational trust and ensure sustainable growth. This collaborative approach is essential for creating a comprehensive and effective fraud prevention strategy. By working together, these departments can identify potential risks, implement preventative measures, and respond effectively to incidents.
