How AI May Be Used In Fintech Fraud — And Fraud Detection

Mattie Bowden discusses how artificial intelligence is increasingly being used both to facilitate fintech fraud and to strengthen fraud detection efforts across the financial services industry. She highlights that while AI tools can help institutions identify suspicious activity faster and improve risk monitoring, they also enable more sophisticated scams, including deepfakes, impersonation schemes and automated fraud tactics. Bowden emphasizes that as AI capabilities continue to evolve, fintech companies must balance innovation with strong governance, oversight and compliance controls to effectively manage emerging fraud and cybersecurity risks.