How Emerging Technologies Are Transforming Financial Crime Prevention

Pranjal Dubey, Financial Crime Compliance, Flagstar Bank, N.A

Pranjal Dubey of Flagstar Bank explains how AI, biometrics, blockchain, and big data are revolutionizing fraud prevention as financial crime grows more complex. With examples from HSBC, MasterCard, and more, she shows how banks can stay ahead in a high-stakes digital landscape.

As financial crime becomes more sophisticated, financial institutions must adopt advanced technologies to keep pace. Criminals now use tools like AI-powered deepfakes, crypto mixers, and ransomware to bypass legacy detection systems.

Pranjal underscores the growing inadequacy of traditional, rule-based monitoring methods and highlights how real-time compliance and predictive analytics are becoming regulatory and operational necessities.

Technologies such as biometrics, AI-based transaction monitoring, big data analytics, and blockchain provide new avenues to secure financial systems. Biometrics, including facial and fingerprint recognition, can reduce onboarding fraud and protect high-risk transactions.

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How Emerging Technologies Are Transforming Financial Crime Prevention

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How Emerging Technologies Are Transforming Financial Crime Prevention

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