Closing the visibility gap: Combating fraud with big data, AI and device intelligence

This week, we sat down with Soups Ranjan, the co-founder and CEO of AI risk management platform, Sardine, to chat about the evolution of fraud prevention technologies in the AI era. We touch on the importance of partnerships in the fintech space, and the challenges posed by AI in fraud detection - including how Sardine uses AI to detect deepfakes and improve identity verification.

Soups' shares his belief in the need for a culture of transparency and vulnerability among businesses in sharing information about fraud incidents, and how Sardine's information-sharing consortium, Sonar, is closing the gap between banks and fintechs to combat fraud more effectively. We also cover the significance of real-time payments and the role of data in managing risk effectively.

Chapters

00:00 Introduction to Sardine and Recent Developments

02:58 Partnerships and Collaborative Strategies

05:57 Adapting to AI Threats in Fraud Prevention

08:52 The Limitations of Reimbursement in Fraud Cases

11:59 Sardine X: Enhancing Information Sharing

14:46 Creating a Culture of Transparency in Fraud Prevention

18:04 Addressing the Visibility Gap in Embedded Finance

20:49 Real-Time Payments and Fraud Detection

24:02 Data as the Core of Risk Management

26:47 Looking Ahead: The Future of Fintech in 2025

Disclaimer: Converge is Convera’s podcast that discusses a range of financial services topics. We want to remind our listeners that the information shared on this podcast is for informational purposes only and should not be considered financial advice. Please note that the opinions expressed on Converge are solely the opinions of the host and the guests, not Convera’s.