Finextra & FICO release new survey report on AI’s growing role in fraud

Finextra & FICO release new survey report on AI’s growing role in fraud

Finextra & FICO Release New Survey Report on AI's Growing Role in Fraud

Section 1 – What happened?

Finextra, a leading online community for the global financial technology industry, and FICO, a leading analytics software company, have released a new survey report titled "Fraud in the age of AI: Trends, Threats, and Management Tactics." The report is now available for download, providing insights into the growing role of Artificial Intelligence (AI) in fraud. The survey, which polled 1,300 financial services professionals across the globe, reveals the impact of AI on fraud trends, threats, and management tactics.

Section 2 – Background & Context

The increasing use of AI in financial services has raised concerns about its potential to facilitate fraud. As AI-powered systems become more sophisticated, they can be used to create more sophisticated and convincing scams. The report aims to provide a comprehensive understanding of the current state of AI-powered fraud and its implications for financial institutions. The survey findings are based on the responses of financial services professionals from various regions, including Europe, North America, and Asia-Pacific.

Section 3 – Impact on Swiss SMEs & Finance

The report's findings have significant implications for Swiss SMEs and the broader financial industry. The survey reveals that 71% of respondents believe AI-powered fraud is a significant threat to their organization, while 64% report an increase in AI-powered attacks in the past year. The report also highlights the need for financial institutions to adapt their fraud management strategies to keep pace with the evolving threat landscape. Swiss SMEs, in particular, may need to invest in AI-powered fraud detection tools to stay ahead of the curve.

Section 4 – What to Watch

The release of the report marks an important step in understanding the impact of AI on fraud trends and threats. Financial institutions, including those in Switzerland, should closely monitor the report's findings and consider implementing AI-powered fraud detection tools to mitigate the risks associated with AI-powered fraud. As the threat landscape continues to evolve, it is essential for financial institutions to stay informed and adapt their strategies to stay ahead of the curve.

Source

Original Article: Finextra & FICO release new survey report on AI’s growing role in fraud

Published: April 17, 2026

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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Consult a licensed financial advisor before making investment decisions.