How Fintechs Use AI to Detect and Prevent Synthetic Identity Fraud

Fintech Conversations with Fexingo: Banking, Payments, and Financial Software Companies · Jun 20, 2026 · 9m · transcript

Synthetic identity fraud is the fastest-growing type of financial crime in the US, costing lenders an estimated $6 billion annually. In this episode, Lucas and Luna explore how fintechs are using AI and machine learning to spot fake identities that blend real and fabricated data. They dive into the specific techniques—graph neural networks that map device-account-phone connections, behavioral biometrics that flag impossibly consistent typing patterns, and consortium data sharing that catches repeat offenders across institutions. The hosts also discuss why traditional credit bureau checks fail…