Trace Fooshee

Fraud & AML Senior Advisor, Aite-Novarica

Trace Fooshee is a Strategic Advisor in Aite-Novarica’s Fraud & AML practice, covering fraud and data security issues. Trace has been leading business transformation initiatives for over 20 years. He started his professional career in Singapore, where he focused on delivering process automation solutions for banking and securities clients by way of workflow and document management-based transformations. After moving back to the United States, he broadened the scope of his focus to include consulting with clients on customer relationship management practices and client loyalty for Ernst & Young.

Prior to joining Aite-Novarica, Trace was Head of Fraud Strategy for SunTrust Bank, where he was responsible for developing, managing, and articulating strategic investments and transformation initiatives that sought to improve the balance between loss prevention, client experience, and operational expense. In addition to these responsibilities, Trace partnered with stakeholders in various business units, including product, technology, and risk management, to govern and oversee the bank’s fraud program. Trace’s experience in fraud management started in 2007 when he began working with the bank’s fraud management unit to transform it from a federated operating model to a consolidated enterprise shared service. By 2010 he joined the bank’s fraud unit full time to lead the development and deployment of a fraud analytics team. In 2014 he joined Deloitte’s advisory group, where he provided strategic advisory consulting services for financial institutions globally, then returned to SunTrust in 2017 as Head of Fraud Strategy.

A former member of the Bank Policy Institute’s BITS Fraud Reduction Steering Committee, Trace has also been active with the American Bankers Association and National Cyber Forensic Training Alliance Foundation. He has also spoken at several industry conferences, including BAI, BITS, and NACHA conferences, on topics related to payments and fraud prevention.

Trace holds a B.A. in Psychology from the University of North Carolina at Chapel Hill.

Rising Fraud Scams Generate Focus on Bank Liability and Consumer Protections

May 26th, 2022

Trace Fooshee is a Strategic Advisor in Aite-Novarica’s Fraud & AML practice, covering fraud and data security issues. Trace will be speaking at NICE

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