As the Forex Expo Dubai 2025 approaches, the spotlight is on the evolving landscape of financial fraud. In an exclusive interview, Artem Popov, Technical Product Manager at Sumsub, sheds light on the pressing challenges that the financial sector faces in the age of AI-driven fraud. Based on the data provided in the document, it is clear that the rise of sophisticated technologies has made it increasingly difficult to combat fraudulent activities.
Rise of AI-Driven Fraud
Popov highlighted the alarming rise of AI-driven fraud, noting that fraudsters are leveraging advanced technologies to create more sophisticated schemes. This trend poses significant compliance challenges for financial institutions, which must adapt quickly to protect their operations and customers.
Importance of Proactive Measures
He stressed the importance of implementing proactive measures, including:
- the adoption of cutting-edge technologies
- staying ahead of potential threats
According to Popov, a robust compliance framework is essential for mitigating risks and ensuring the integrity of financial transactions in an increasingly digital world.
