Digital identity verification has transformed fraud prevention in financial services, but weak points in verification systems create new attack surfaces. Fraudsters exploit synthetic identities, stolen credentials and authentication gaps while institutions struggle to balance frictionless onboarding with robust security. Traditional verification methods often fail against sophisticated tactics, leaving organizations vulnerable to identity-related losses.

Advancements in biometrics, AI-powered fraud modeling and real-time detection are reshaping verification strategies. The challenge is implementing layered defenses that protect digital identities without introducing friction that drives customers away or slows legitimate transactions.

In this session, panel of experts will discuss:

• Evolving fraud threats including synthetic identity fraud and credential theft in digital environments;
• AI and biometric innovations that enhance real-time fraud detection capabilities;
• Strategies to reduce onboarding friction while strengthening identity verification and regulatory compliance.