Artificial intelligence is transforming the financial sector’s ability to detect and prevent fraud. With over £1 trillion lost globally to scams each year, AI offers both a challenge and an opportunity. Used responsibly, it can empower banks, regulators and fraud teams to identify suspicious activity faster and more accurately than ever before. The scale of the problem Fraud now accounts for over 40% of all crime in the UK. Financial institutions face relentless attacks ranging from phishing and smishing to insider threats and synthetic identity fraud. Traditional systems often rely on static rules or manual reviews, which cannot keep pace with evolving threats. Why AI is a game-changer AI can analyse millions of data points in real time, spotting subtle anomalies that human analysts might miss. Natural language processing (NLP) helps systems understand communication patterns, while machine learning models learn from historical fraud data to predict new threats. At PORGiESOFT Security,