Topic
Industry leaders said scam payments and instant transfers are forcing a rebuild of fraud controls, because the fastest-growing scams break no rules and leave seconds to stop a transfer. Firms said AI models catch fraud well but still miss new schemes, fake documents and AI-spoofed bot traffic; Fingerprint found 79% of financial firms were hit and a 50-point gap between spotting and stopping bots in real time. Q2 also reported account takeover pressure at US banks, with credential phishing driving 55% of signals and credit unions seeing twice the mule activity. Product launches include Visa's new controls for commercial virtual cards and Incode's TrustGraph for fraud-signal sharing between rival banks.
Summarised with AI from the Fintechbits articles above and checked against them. How we use AI
Friendly fraud chargebacks keep rising as more shoppers dispute purchases they made themselves. We asked merchants what cut their disputes in the past year, and their answers point to clearer records before any fight with the bank.
Charitarth SindhuNovember 4, 2026
Two EBITDA-positive identity vendors became one bank-grade KYC provider. The investor list changed between signing and closing, and the price never appeared.
Marvin EvansNovember 4, 2026
Deepfakes now feature in one in five biometric fraud attempts, and the best attacks never show anything to the camera. Three industry voices explain what changed at onboarding, and the data shows which controls hold up.
Charitarth SindhuNovember 3, 2026
Banks are using AI to cut alert volumes and speed up investigations, and regulators now encourage it. But a 2026 US enforcement case shows what happens when automation closes alerts nobody checked.
Charitarth SindhuNovember 1, 2026
The EU's single anti-money laundering rulebook applies from 10 July 2027, and the new authority finalised its first customer due diligence standards in October. For most fintechs, the hard part is data, not the headline rules.
Charitarth SindhuNovember 1, 2026
Persona's new AI agents take over routine identity reviews. Its star case study comes from an embedded lender that Stripe is buying.
Marvin EvansNovember 1, 2026
Authenticated customers sending money to scammers broke the old fraud playbook. Three industry voices explain which pattern forced a rebuild, and which signal finally caught it.
Charitarth SindhuOctober 30, 2026
Hummingbird has bought Quantimon to feed analysts' alert decisions back into AML detection models. Quantimon's own published results are more modest than the problem the deal sets out to fix.
Marvin EvansOctober 29, 2026
Socure launched a suite to spot AI agents and link each one to the verified person behind it. Only the detection layer is generally available.
Marvin EvansOctober 29, 2026
We asked industry leaders how banks and fintechs really use AI to fight fraud. Their answer: the models catch known fraud well, but new schemes and fake documents still beat them.
Charitarth SindhuOctober 28, 2026
Credential phishing dominates and credit unions see twice the mule activity. Fintechbits notes Q2 publishes shares and ratios but no signal counts or dollar amounts behind them.
Charitarth SindhuOctober 17, 2026
Incode wants rival banks to share fraud signals through cryptography rather than a shared database. Fintechbits notes the launch gives no participant count behind its 53% claim.
Charitarth SindhuOctober 17, 2026
FIS has opened its Anthropic-built AML Investigations Agent to any US bank. Fintechbits notes the headline time savings are projections from one design partner, not measured results.
Marvin EvansOctober 16, 2026
Looking for older coverage? Browse every story by month
Every Fintechbits fraud and identity story this year, by month.
