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August 5 2025

Fighting Smarter Against Financial Crime with AI | Flagright & Zero

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Baran Ozkan from Flagright and Richard Theo from Zero explore how AI is reshaping the fight against financial crime.

Okzan points out that as criminals adopt more advanced tools, financial institutions need equally powerful countermeasures and that’s where AI comes in. These technologies not only help defend against emerging threats but also bring much-needed efficiency to compliance, which remains one of the most costly functions in financial services.

Theo, drawing from first-hand experience at Zero, emphasizes how fast the landscape of financial crime is evolving,  used to be rare or isolated events, like money mule schemes or ticket scams, are now widespread and increasingly sophisticated.

Theo shares how young people, often unknowingly caught up in scams, are both the perpetrators and victims in fraud, highlighting the human vulnerability behind many of these crimes.

Both leaders agree that AI is essential to staying ahead. Theo notes that while financial firms are under tight regulatory scrutiny, many scams originate from largely unregulated platforms like social media. Criminals exploit current trends, like the rush for concert tickets, and operate freely on platforms that face little accountability. He calls out the imbalance: banks are punished for fraud losses, while social media companies profit from the ads that host scams.

The conversation underlines a shared message: the future of compliance and financial crime prevention relies on speed, adaptability, and smart use of AI. As threats get more creative, firms like Flagright and Zero are pushing for tools and systems that can evolve just as quickly.

People In This Post

Baran Ozkan

Baran Ozkan

Flagright
Richard Theo

Richard Theo

Zero

Companies In This Post

Flagright

Flagright
Zero

Zero
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