Countering Financial Crime in 2027: What Actions are Needed to Curb Future Fraudsters and Savvy Scammers

Financial crime is becoming faster, more convincing and harder to detect as scammers exploit digital payments, synthetic identities, social engineering and AI-enabled deception. For financial institutions, preventing fraud in 2027 will demand more than stronger detection tools; it will require better intelligence sharing, smarter customer intervention and controls that can respond before funds disappear. This session examines the actions banks, fintechs, regulators and technology providers must take to stay ahead of increasingly sophisticated fraudsters. Understanding the next fraud frontier: How AI-enabled scams, impersonation, synthetic identities and faster payments are changing the threat landscape. Intervening before money moves: Improving behavioural detection, customer warnings, confirmation processes and real-time controls without creating unnecessary friction. Building a coordinated defence: Strengthening intelligence sharing, cross-sector collaboration, reimbursement strategies and accountability across the financial ecosystem.