Banks Turn to Agentic AI to Fight Deepfake Fraud

The rise of artificial intelligence has given financial criminals powerful new tools. Deepfakes and other AI-generated schemes are increasingly targeting wealth management and corporate clients, creating fresh vulnerabilities for banks. These attacks can be difficult to detect because they mimic legitimate communications and identities. Traditional security measures may no longer be enough.

At Sibos 2026, Julie Conroy of FICO shared insights on how banks can fight back. She emphasized the role of agentic AI and cloud technology in addressing this growing threat. Conroy explained that these tools can help financial institutions stay ahead of sophisticated criminals. Her presentation focused on practical strategies for banks.

Agentic AI systems can operate with greater autonomy, identifying and responding to suspicious patterns in real time. When paired with cloud infrastructure, they provide the scale and flexibility needed to analyze vast amounts of data. This combination is especially important for protecting high-value clients in wealth management and corporate banking. This allows banks to respond faster to emerging threats.

As AI-driven crime continues to evolve, banks must adopt equally advanced defenses. By integrating agentic AI and cloud solutions, they can enhance their ability to detect deepfakes and other fraudulent activities. Ultimately, this approach helps safeguard both clients and the broader financial system. The message is clear: proactive adoption is essential.