Reengineering AML in the Era of Instant Payments
Suparna Goswami, Bank Info Security
Financial Institutions Are Rethinking Controls to Ensure Frictionless Transactions
When the Federal Reserve lifted FedNow’s transaction limit from $1 million to $10 million last November, the regulatory change transformed instant payments from a retail convenience into a corporate treasury rail. High-value instant wire transfer that once gave compliance teams until the end of the day for review now requires real-time decisions…
Read More68% of Banks Increase Fraud Defense Spending as Account Takeovers Spike
Published in PYMNTS.com
Banks are learning that fraud defense is no longer just about stopping losses after the fact.
The bigger shift in the latest data is that many institutions now see fraud prevention as part of protecting growth, customer trust and the ability to keep up with faster payments. That is the central takeaway from “2025 State of Fraud and Financial Crime in the United States.” The report shows that unauthorized-party fraud, driven by credential theft and account takeovers, now makes up 71% of fraud incidents and dollar losses, a sharp reversal from last year…
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Fraudsters Are Exploiting Generative AI Faster Than Organizations Can Respond
Joel R. McConvey, BioMetric Update
In the great AI race of the 2020s, fraudsters have a healthy lead, and they are upping their pace in the U.S. and Canada.
“Cybercriminals don’t have governance committees, and they don’t wait for budget cycles or regulatory clarity – they just act,” says Stu Bradley, senior vice president of risk, fraud and compliance solutions at SAS. The company has just published its 2026 Anti-Fraud Technology Benchmarking Report in collaboration with the Association of Certified Fraud Examiners (ACFE), and the findings show organizations falling behind…
Read MoreFifth Third Beats Back Impersonation Scams
Caitlin Mullen, Banking Dive
Bank impersonation scams, which tripled from 2024 to 2025, were the leading scam the regional lender encountered in 2025, said Kristopher Edwards, head of fraud prevention.
Fifth Third has seen a “dramatic rise” in bank impersonation scams, underscoring the importance of increased industry efforts to thwart scams and protect customers, a fraud executive at the regional bank said…
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