The latest fraud report highlights an alarming trend: 80 percent of fraud events now occur through online and mobile banking channels. Despite advancements in fintech, financial institutions are losing ground in the fight against fraud. The rapid expansion of digital banking solutions, while a convenience for customers, has also opened new doors for cybercriminals.

The numbers paint a sobering picture:

• 31 percent of financial organizations lost over one million dollars to fraud in 2024.
• 72 percent rank financial loss and client attrition as the worst impacts.
• 73 percent consider reputational damage the most severe consequence of fraud.

These statistics are not just data points; they are a call to action. Banks and credit unions can no longer rely on outdated, reactive fraud prevention strategies. The cost of inaction is too high.

The Need for Real-Time AI Fraud Prevention

Fraud is evolving at an unprecedented pace. Traditional fraud detection methods—manual reviews, rule-based systems, and batch-processing solutions—simply cannot keep up. Financial institutions need open-core banking solutions and comprehensive AI-powered fraud detection that can analyze vast amounts of data in real time.

This is where RembrandtAi stands out.

Why RembrandtAi is the Future of Fraud Prevention

RembrandtAi is one of the most advanced real-time fraud detection solutions on the market. Unlike traditional systems that react after the damage is done, RembrandtAi prevents fraud before it happens.

• Core Transactional and Disparate Data Integration – RembrandtAi does not just look at isolated transactions; it analyzes patterns across multiple datasets to detect anomalies in real time.
• Proprietary AI Engine – Leveraging machine learning, RembrandtAi continuously adapts to new fraud tactics, providing financial institutions with an ever-evolving fraud prevention shield.
• Automated Interdiction – Stopping fraud in its tracks requires more than just detection. RembrandtAi automates interdiction, allowing financial institutions to block suspicious transactions before they lead to losses.

You Cannot Sell Your Way Out of a Fraud Crisis

Financial institutions are facing an existential threat. Fraud is not just an operational issue; it is a strategic one. With increased regulatory scrutiny, customer attrition, and reputational risk, banks and credit unions must act now.

The trajectory is clear, fraud is accelerating, but so are the solutions to combat it. Real-time AI-powered fraud prevention is no longer optional; it is a necessity.

To learn how RembrandtAi is helping financial institutions save millions of dollars while safeguarding their reputation and customer trust, visit RembrandtAi.

Source: https://www.americanbanker.com/web-seminars/fraud-in-focus-predictions-and-trends-for-2025