Synthetic Identity Fraud in AI Era: Industry Insights

Behind the scenes at American Banker Leaders Live. Synthetic identity is the cleanest example of why fraud is a product problem, not a modeling problem. A better classifier doesn't fix an onboarding flow that treats trust as a one-time gate. If AI can manufacture an identity in minutes, trust has to become continuous, not a single checkpoint at KYC. Joined a couple of senior operators in banking last week on this topic, in New York. Full session airing soon. #fraudprevention #identityverification #AI #syntheticidentity

Here is a suggestion from our fraud report 2026: run a controlled test. Generate a document with ChatGPT or Gemini, then screenshot it, crop it, modify it, or some combination of the three to strip its metadata, and submit it through your pipeline. Does it get caught? The 30% of Gen AI fraud requiring advanced detection. Join the webinar and hear more about how GenAI makes it so easy to commit fraud.

AI makes fraud feel like a video game. "It used to take a highly trained professional. Cutting and placing tiny pieces of paper with an exacto knife. Hours in a dark basement mimicking signatures on a checkbook until it's just right." What can Lenders, Banks and Fintechs do about it? ⬇️ TOMORROW, Our CEO, Martin Rehak (Legendary Crime Fighter 🕵♂️ ) is breaking down the new AI fraud tactics criminals are using today.

We talk a lot about AI making the financial crime easier for the criminals. In this webinar, we will actually show how criminals use AI to commit fraud. We will conceptualize a fraud combining marketplace fraud, long firm fraud, business identity theft, supply chain fraud and an insurance scam on top of it. Not all criminals are this sophisticated. But, more are becoming so. Due to the topic, we will only accept compliance and anti-fraud professionals among the attendees.

Fraudsters don’t work alone. They operate in networks, reusing accounts and tactics across multiple institutions. In this interview with Joseph Bristow, Product Director and Fraud SME at NICE Actimize, discover how criminals leverage connected networks to commit fraud at scale — and why financial institutions need shared intelligence to uncover hidden links, strengthen payee risk detection and stop fraud earlier. Watch the full interview >> https://bit.ly/4vmKIrD Learn more about the Actimize Insights Network >> https://bit.ly/3Z3SSqp #FraudPrevention #ActimizeInsightsNetwork #FinancialCrime #AI

Sara Costantini, Regional Director for the UK & Ireland at CRIF, is in Finextra exploring the rapid rise of AI-driven fraud, and what financial services must do to keep pace. Concern is growing fast: 75% of UK consumers now worry about AI-powered fraud, up from just 24% last year. As scams become more sophisticated, Sara looks at how the same technology driving fraud can also be used to detect and prevent it, helping firms protect customers and rebuild trust. Read the full blog here: https://hubs.ly/Q04mCJsG0 #AI #FraudPrevention

Fraud doesn't stop with the sender. Increasingly, the biggest blind spot is the account receiving the funds. In this interview with The Paypers, Joseph Bristow, Product Director and Fraud SME at NICE Actimize, explains why payee intelligence is becoming a critical layer of modern fraud prevention and how shared intelligence can help financial institutions identify risk earlier, reduce payment friction and uncover connections that traditional approaches often miss. Watch the full interview >> https://bit.ly/4eOem1U Learn more about the Actimize Insights Network >> https://bit.ly/3Z3SSqp #FraudPrevention #ActimizeInsightsNetwork #FinancialCrime #ScamPrevention #AI

Deepfakes. Synthetic identities. AI-generated applications. This isn’t a future scenario — it’s already hitting government programs, and it’s accelerating fast. Very important training. Register Now ! Fraud attacks have surged dramatically, with generative AI making it easier to create convincing identities and submit applications at scale, pushing traditional controls to their limits. For agencies, the impact is immediate: rising improper payments, increased audit scrutiny and mounting pressure on teams already stretched thin. The gap is growing between how fraud is executed and how it’s detected, especially as automated, high-volume attacks overwhelm manual review and legacy verification methods. This webinar will show you why current approaches are falling short and how leading organizations are using AI to detect fraud earlier — before payments go out and issues surface in audits. It takes AI to fight AI. Why attend: Understand where AI-driven fraud is hitting hardest Learn what modern, front-end fraud prevention actually requires See how agencies are using AI across identity, behavior and device intelligence to catch fraud earlier Get practical steps to strengthen audit readiness and reduce risk without slowing access for legitimate applicants Attend the live webinar to obtain your complimentary certificate of attendance! #training #webinar #deepfakes #identityfraud #syntehticidentities #police #policeleadership #publicsafety #nationalsecurity #AI #AItraining

Detection needs to shift to where fraud is moving. Wire fraud intensifying. ACH exposure rising. 38% of fraud targets known payees. The 2026 Fraud Insights Report shows exactly where risk is heading next. Download now >> https://bit.ly/4dNrJ1U #FraudPrevention #AML #AI

Detection needs to shift to where fraud is moving. Wire fraud intensifying. ACH exposure rising. 38% of fraud targets known payees. The 2026 Fraud Insights Report shows exactly where risk is heading next. Download now >> https://bit.ly/4dNrJ1U #FraudPrevention #AML #AI