Watch more: What’s Next in Payments With i2c’s Matthew Pearce Fraud is no longer limited to stolen credentials or isolated account takeovers. It’s now shaped and aided by systems that can replicate human behavior, forcing financial institutions to reconsider …
Banks Need Fewer Identity Silos and Faster Decisions
Financial institutions face escalating fraud risks due to advanced AI-driven attack systems that mimic human behavior, bypassing traditional identity verification. The impact spans major payment processors and banks, necessitating urgent adoption of adaptive authentication and identity consolidation. Without intervention, fraud losses could surge by 30-50% over the next 12-18 months.