FINTECH STRATEGIES
a major competitive differentiator. The digitally-native population expects services to be delivered instantly and the cost of a time lag is customer abandonment. Automating identity verification and reducing manual reviews goes a great step to help improve conversion rates, all the while strengthening regulatory compliance and reducing operational costs.
AI plays both fields. Petty fraudsters and organised crime groups use the tech to resurrect fake identities while banks have loaded up their AI war chest with sophisticated fraud detection tech. Today’ s machine learning models can analyse document authenticity, identify anomalies in biometric data and detect behavioural patterns that indicate fraudulent activity, often within seconds. AI is hence elevated from warming the bench to the Ballon d’ Or winner of financial security. WATCH NOW
Outsmart Fraudsters: win the game against deepfakes, ATO, and synthetic ID – Sumsub fraud prevention
96 August 2026