Feedzai

89% of banks prioritise explainability and transparency in their AI systems.

Two-thirds of banks have integrated AI within the past two years.

AI is used for scam detection by 50% of financial institutions.

92% of the financial institutions surveyed indicate that fraudsters use generative AI.

Forty-three percent (43%) of financial professionals report increased efficiency within fraud teams due to AI

Only 8% of financial institutions noted that they do not see GenAI being used by criminals.

90% of financial institutions are combating emerging fraud with AI-powered solutions.

44% of financial professionals report that deepfakes are used in fraudulent schemes.

87% of banks cite data management as their biggest hurdle in AI implementation.

AI is used for transaction fraud detection by 39% of financial institutions.

AI is used for anti-money laundering efforts by 30% of financial institutions.

56% of financial professionals cite social engineering as a significant tactic powered by AI.

Nine in ten banks are already using AI to detect fraud.

59% of financial professionals cite SMS and phishing scams powered by AI to deceive victims.

60% of financial professionals recognise voice cloning as a major concern.

More than 50% of fraud is driven by artificial intelligence and hyper-realistic impersonations.