Inside the Tech Arms Race Against Financial Crime: Are Banks Falling Behind?

Article

Fraudsters Are Winning the Tech Race - Can Banks Catch Up?

As financial criminals adopt AI and crypto tools, banks must rapidly embrace emerging technologies like AI, blockchain, and biometrics to stay ahead in the fight against fraud and money laundering.

Jun 04, 2025

Pranjal Dubey, Financial Crimes Model Data Analyst, Flagstar Bank NA

Tags: Financial Crime

Fraudsters Are Winning the Tech Race - Can Banks Catch Up?

The views and opinions expressed in this content are those of the thought leader as an individual and are not attributed to CeFPro or any other organization

Traditional compliance systems are no match for AI-powered financial crime
Institutions like HSBC and PayPal use biometrics and behavioral analytics to fight fraud
Blockchain is boosting transparency and disrupting money laundering networks
Big data analytics enables real-time detection and collaborative threat response
Adoption hurdles include privacy laws, high costs, and algorithmic bias
RegTech and AI are shifting from detection to prediction in compliance
Banks must innovate rapidly or risk falling behind criminal capabilities
Financial crime prevention now demands tech-enabled, proactive strategies
Institutions must balance the speed of innovation with ethics and regulation
The future belongs to those who modernize faster than fraud evolves

WHAT'S INCLUDED:

Unlimited access to peer-contribution articles and insights

Global research and market intelligence reports

Discover Connect Magazine, a monthly publication

Panel discussion and presentation recordings

Related insights —