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Synthetic identity fraud is no longer a discrete onboarding problem. It is an AI- accelerated, lifecycle-based threat exploiting fragmentation across systems, teams, and controls. As generative AI enables fraudsters to create, scale, and manage synthetic identities with unprecedented realism and persistence, traditional identity verification approaches are breaking down.
This type of fraud is now one of the fastest-growing financial crimes globally. AI has collapsed the cost and time to create convincing identities at scale. Fraud is becoming industrialized, lifecycle-driven, and cross-channel. The upshot: The industry is moving from fraud as a transaction problem to fraud as a persistent identity problem. The issue is not just losses—it's false growth, mispriced risk, and balance sheet distortion.
The panel discussion will explore how leading financial institutions are reframing identity trust—from a moment of verification to a continuous, multi-signal discipline—and what banks must do now to close the gaps where fraud is monetized.
LEADERS is a flagship channel that spotlights C-level executives and top experts as they discuss transformative topics for an audience of key decision-makers. We deliver thought leadership on the most pressing issues driving the future of financial services. The LEADERS series is made possible by the support from top industry collaborators including Mitek.