Future of Finance Whitepaper: How AI is advancing fraud detection in financial services

Contributing experts:
Vittesh Sahni, Sr. Director of AI
Shawn Torkelson, Chief Strategy Officer
at Coherent Solutions

Strategic technologies and an implementation roadmap for modern financial institutions. 

As fraud grows more sophisticated, financial institutions face unprecedented pressure to protect customers while maintaining seamless digital experiences. AI is now at the center of fraud prevention strategies - enabling real-time detection, reducing false positives, improving compliance, and safeguarding trust.

This whitepaper explores how modern AI, including agentic systems, biometrics, and graph analytics, is reshaping fraud defense end-to-end - and what financial leaders must do to implement these solutions responsibly and effectively.

What you'll learn:

Why traditional fraud systems are no longer enough

Fraudsters leverage automation, synthetic identities, and deepfakes - while rule-based systems remain reactive and rigid. AI helps institutions shift to proactive, real-time protection.

AI technologies powering modern fraud detection

From supervised learning to graph analytics and biometrics, understand the advanced models and architectures that accelerate detection and reduce false positives.

Strategic business outcomes

How AI reduces losses, strengthens customer trust, improves regulatory alignment, and drives operational efficiency.

Implementation roadmap for financial institutions

A step-by-step guide to adopting AI-driven fraud prevention, from data strategy to governance frameworks and lifecycle management.

Who this whitepaper is for:

• Banking & financial services leaders

• Fraud & risk management teams

• Compliance & regulatory officers

• Data, AI, and digital transformation executives

• Fintech innovators and product owners

If your organization handles high-volume transactions or operates in digitally driven financial environments, this resource is essential.

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About Coherent Solutions

Coherent Solutions is a global digital engineering and consulting company helping organizations accelerate innovation through custom software development, data engineering, and advanced AI solutions. With more than 2,000 experts across 10+ countries, we partner with financial enterprises and high-growth companies to build scalable user-centric digital products.

For over 30 years, we’ve helped clients transform operations, unlock new digital value, and stay ahead in competitive markets. As technologies evolve, we empower financial institutions to innovate responsibly - with transparency, explainability, and long-term trust at the core.

Explore our solutions and client experience for the fintech industry.