Banks Face Rising Fraud Pressure in Real-time Economy, Says New White Paper From The Banking Scene

The Banking Scene has launched a new white paper, Fraud Prevention in a Real-Time Economy, exploring how banks and financial institutions are adapting their fraud strategies to a faster, more complex and increasingly interconnected risk landscape.

As real-time payments continue to reshape the movement of money, traditional fraud controls are being placed under greater strain. At the same time, the rise of AI-enabled scams, deepfake impersonation, mule account activity and more sophisticated social engineering is forcing financial institutions to rethink how they detect, prevent and respond to fraud.

The new white paper brings together expert perspectives from across banking and financial services to examine the key shifts now shaping the fraud agenda. It looks at the impact of instant payments on fraud prevention, the growing importance of identity and trust in digital channels, the role of intelligence sharing, and the need for a more joined-up approach across fraud, anti-money laundering and cyber teams.

The report is aimed at professionals working across fraud prevention, financial crime, compliance, payments, risk, and cybersecurity. It offers practical insight into the strategic questions institutions now need to address as payment ecosystems speed up and criminal tactics evolve.

“Fraud prevention can no longer be treated as a narrow operational issue,” said Andrew Vorster, Head of Growth at The Banking Scene. “In a real-time economy, financial institutions need to think more broadly about trust, collaboration, intelligence and resilience. This white paper is intended to help industry professionals take stock of the changing threat environment and the strategic choices that come with it.”

Among the themes covered in the paper are the implications of instant payments and Verification of Payee, the rise of AI-enabled fraud and impersonation, the value of stronger digital trust frameworks, the increasing relevance of cross-functional operating models, and the pressure on banks to balance speed, security and customer experience.

These themes carry over to Belgium’s Biggest Banking Conference: The Banking Scene Brussels on May 28, where experts from GASA, AMLA and UK Finance will be joined by bankers from KBC, Belfius, ABN AMRO and more for insightful debates and discussions.

The publication reflects The Banking Scene’s continued focus on the issues that matter most to banking and financial services professionals in the Benelux and beyond, combining industry dialogue with practical thought leadership.

The white paper is now available to download from The Banking Scene website.

Download the white paper:
Fraud Prevention in a Real-Time Economy
https://thebankingscene.com/resources/fraud-prevention-in-a-real-time-economy/