REPORT

The Future of Banking

AI powered fraud, impersonation, and manipulated identities are accelerating across the banking sector. This report explains how online fraud is reshaping global banking and what financial institutions must implement to protect revenue, customers, and compliance.

Uncover the biggest banking fraud trends of 2025
Learn how AI and deepfakes are changing identity risk
See why banks face higher fraud rates than most industries
Discover strategies to strengthen trust, compliance, and long term security

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Why this report matters

Online fraud is now a core operational and financial threat for banks. As digital banking grows, fraudsters are using AI generated identities, deepfakes, impersonation, and document manipulation to bypass onboarding and authentication controls.

The Future of Banking brings together global verification data, fraud industry surveys, and consumer research to reveal where risk is highest and how AI powered identity verification and biometrics help banks prevent fraud and strengthen compliance.

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Fraud is on the rise

Fraud in the banking and financial services sector is accelerating as attackers adopt AI generated media, impersonation tactics, and digitally manipulated documents to bypass legacy systems.

Veriff’s 2025 research shows that fraud rates in financial services exceed global averages, making adaptive and AI driven fraud prevention essential for banks.

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net fraud rate in financial services in 2025, higher than the 4% cross industry global average

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increase in AI generated or digitally altered media year over year

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of businesses reported negative revenue impact due to fraud

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of consumers say strong identity verification such as ID and selfie is important when using financial services

What you’ll learn

Get a clear, data driven view of how fraud is reshaping digital banking and what banks must implement to stay secure as AI driven attacks scale.

Global banking fraud trends

How fraud rates in financial services compare to other industries and why banks are prime targets.

AI-powered fraud techniques

How deepfakes, impersonation fraud, and document manipulation are used to exploit digital onboarding.

Customer and industry insights

Why consumers demand stronger verification and how fraud impacts trust, retention, and reimbursement costs.

Practical defense strategies

How AI powered identity verification, biometric authentication, cross link analysis, and risk based controls strengthen compliance and reduce fraud exposure.

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Gain essential insight into how identity fraud is impacting banks, how AI is transforming financial crime, and what you need to secure onboarding and authentication without increasing friction for legitimate customers.

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Level 2

What is the Future of Banking report?

The Future of Banking is a free Veriff research report analyzing how online fraud is impacting the global banking sector. It focuses on rising fraud rates in financial services, impersonation fraud, document fraud, AI generated attacks, and the identity verification technologies banks use to protect customers and transactions.

Is the Future of Banking report free to download?

Yes. The report is available as a free download after completing the form.

Who should read the Future of Banking report?

This report is designed for fraud leaders, risk teams, compliance officers, digital banking executives, and operations professionals working within banks and financial institutions.

What types of banking fraud does the report cover?

The report analyzes impersonation fraud, document fraud, malware related attacks, authorized fraud, and AI generated identity manipulation targeting digital banking systems.

How does AI impact banking fraud?

AI increases the sophistication of attacks through deepfakes and manipulated media, but it also strengthens fraud prevention through AI powered identity verification, biometric authentication, and cross session risk detection.

Does the report explain how to prevent banking fraud?

Yes. It outlines a multi layered fraud prevention approach including onboarding verification, biometric reauthentication, cross linking analysis, device intelligence, and compliance aligned identity workflows.

Does the report include real data and research?

Yes. The report is based on Veriff’s global verification data, fraud industry pulse surveys, and consumer research conducted across major markets.

Is this report relevant for my region or market?

Yes. The research includes insights from the United States, United Kingdom, Brazil, and global financial services markets, making it relevant to banks operating internationally.

How can Veriff help banks after reading the report?

Veriff helps banks:

Verify identities at onboarding
Detect impersonation and document fraud
Stop deepfake and AI generated attacks
Reauthenticate customers securely
Strengthen AML and KYC compliance
Reduce fraud related revenue loss