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Check fraud remains a threat for financial institutions, but AI can help by detecting anomalies.  Check fraud is “a growing concern for many,” Ati Azemoun, vice president of business development at Longmont, Colo.-based software provider ParaScript, tells FinAi News on this episode of “The Buzz” podcast.  In fact, 63% of organizations experienced check fraud or attempted check fraud in 2025, according to the Association of Financial Professionals. The AFP surveyed 521 treasury practitioner members.  One anomaly AI can detect is signature forgery, Azemoun says.   ParaScript’s forgery detection software, SignatureXpert.AI, can compare signatures from previous checks and flag when a signature is different, ultimately stopping the fraud, he says.  Founded in 1996, ParaScript banking clients include financial institutions, government agencies and companies in the U.S., Europe, Latin America and Australia. In 2025, ParaScript partnered with tech provider BIRGER which will introduce the technology to commercial banks in Mauritius, Africa.  Listen as Azemoun discusses the current state of check fraud and how AI is reducing fraud at financial institutions. 

AI, in some capacity, has been used within payments for 30 years. The latest evolution in AI is through the agentic lens — transforming transactions and experiences alike.    “We're actually thinking about really reimagining not one payment, but an entire experience,” Zachary Aron, principal, Deloitte Consulting, tells FinAi News on this episode of “The Buzz” podcast.    For example, how can agents be used for travel, business spending or even date nights, he says, noting that you bought the airfare, but do you need to add a hotel or sightseeing package? Agentic AI can facilitate those payments.  Agentic AI makes payments “invisible and easy,” Aron says.    Listen to “The Buzz” as Aron discusses the possibilities for agentic transactions this year. 

Rabobank and Santander Brazil are seeing efficiency gains from generative AI.  The European banks use AI Pega GenAI from workflow automation system provider Pegasystems, Steve Morgan, global banking industry lead at Pega, tells FinAi News on this episode of “The Buzz” podcast. 

Financial institutions are implementing AI at scale, but logistics should be the focus before diving headfirst into emerging technology.  Mac Thompson, chief executive of software provider White Clay, tells FinAi News the eight steps he shares with financial institution clients when approaching AI on this episode of “The Buzz.” 

Fraud is on the rise, and AI is contributing to both the solution and the problem.   “Fraud is a really large problem and growing exponentially,” Austin Capital Bank Chief Executive Erik Beguintells FinAi News in this episode of “The Buzz” podcast.  Consumers reported losing $12.5 billion to fraud in 2024, according to the FTC.  And that’s probably understated, Beguin says, noting that not all consumers report being defrauded, due to embarrassment, being in denial or other reasons. Fraudsters are using AI to target individuals, using it to read social profiles and identify the best way to attack a person, he says. This streamlines an extremely laborious task for bad actors.  On the other hand, FIs are using AI to boost account security, Beguin says. For example, consumers and financial institutions are likely to start moving away from usernames and passwords and even traditional multifactor authentication methods. Instead, the market should move toward biometrics and AI-driven device and image authentication. 

Small business owners need fast access to capital, with fair rates.   That’s the reality that Lukas Haffer, chief executive of AI-native loan origination provider Casca, tells FinAi News on this episode of “The Buzz” podcast.  For small business owners, the “No. 1 problem is access to capital,” he says. The time it takes to close a Small Business Administration loan, one guaranteed by the SBA, is 90 days, Haffer says. No one has time for that, he says. And this is where AI and a streamlined experience come in.  Manual procedures in the lending process, including document collection, analysis and communication, can be streamlined with AI, he says. In fact, Casca is working with financial institutions to do just that.  For example, when a client sends an email, creating a response that includes personalized messaging, previous correspondents, and necessary information, it can take 20 to 25 minutes, Haffer says. With Casca, that message can be created in 63 seconds.  Casca, founded in 2023, continues to grow. Its most recent fundraise consisted of $29 million in a series A round, bringing total funding to $33 million, according to the company. The round was led by Canapi Ventures. Live Oak Bank, Huntington National Bank and Bankwell Bank also participated.  Listen to “The Buzz” as Haffer discusses the opportunity for AI in small business lending and where Casca plans to expand its business. 

FV Bank aims to stay ahead of emerging technology trends, including stablecoins.   The Puerto Rico-based digital bank integrated stablecoins three years ago, ahead of the recent excitement around the cryptocurrency, Chief Executive Miles Paschini tells Bank Automation News on this episode of “The Buzz” podcast.   “We had the idea that stablecoins could play an important role in banking, so we integrated with USDC,” he says.  Now investment in stablecoins is skyrocketing.  In fact, according to British bank Standard Chartered, the stablecoin market is expected to reach $2 trillion by 2028, up from $250 billion last month.  

Piermont Bank built its own proprietary API platform to allow companies to tap its embedded finance services, a market that is expected to reach $7 trillion in transaction value in 2026. 

Citi’s embedded finance service, Spring by Citi, is looking to expand its use cases in payments acceptance and foreign exchange by tapping the consumer bank, Managing Director and Global Head Vineeth Subramanyam tells Bank Automation News on this episode of “The Buzz” podcast.  Spring by Citi launched in 2020 and has a global presence in 23 markets. The payment and acceptance and merchant acquiring service sits inside the $1.7 trillion bank’s services organization and is built on Citi’s Treasury and Trade Solutions payments network.  

Access to transactional data provides the richest insights for personalized banking experiences.  “What are [consumers] paying, how are they paying, what kinds of life stages are they in the midst of?” Lindsay Soergel, chief executive at AI-powered digital banking solutions provider Fintilect, asks. She says this information delivers “the greatest value to our financial services customers.”  Soergel, who has held leadership positions in the financial services industry for more than 20 years, pointing to her time at PNC, SunTrust Bank, NCR, Kasisto and more, speaks with Bank Automation News for this episode of “The Buzz.”  She became CEO at London-based Fintilect in March.   Founded in 1985, Fintilect’s client base spans the banking, credit union and auto lending sectors, Soergel says.   

JPMorgan Chase is scaling its digital resources and fintech integrations to support small business owners through economic uncertainty and continued digital transformation.  The effort starts with understanding business owners, John Frerichs, head of global SMB payments at the $4.3 trillion bank, tells Bank Automation News in this episode of “The Buzz” podcast.  “Our duty is to be here for our customers in difficult and uncertain times,” he says.  According to JPMorgan Chase’s March small business sentiment survey, 78% of respondents were optimistic about the future, with about 40% planning to expand, Frerichs tells BAN. However,  tariff concerns could cause confidence to dip slightly in April, he notes. Chase expects the results of its April small business sentiment survey by early May, the bank shared with BAN.  With April marking National Financial Literacy Month, Frerichs emphasizes its importance: “We want to make small business owners’ life as easy as possible. Part of that is through financial literacy.”  For example, the bank’s Coaching for Impact program, which provides consulting, on-demand financial education and banking tools for entrepreneurs, has grown from four cities to 38 since its 2020 launch to include 82 senior business consultants. “So far, 7,000 small businesses have gone through the program,” Frerichs says.  To help business owners make data-informed decisions, Chase applies AI and analytics to transaction data. “We take anonymized transaction data and spin it back to … a small business owner, showing sales, customer demographics and transaction trends,” he says.  Chase also offers SMBs end-to-end digital tools, including:  Payroll integration via fintech Gusto; An e-commerce gateway through Visa-owned payment gateway Authorize.net; Real-time, same-day and scheduled payment options;  Digital invoicing; and Omnichannel acceptance for in-store, online and mobile transactions. “We try to always bring that all together in as streamlined a way as possible,” Frerichs says. “Small business owners need time back.”  Learn more about how the nation’s biggest bank is tailoring solutions for SMBs in this episode of “The Buzz.” 

Financial institutions are moving beyond pilot projects to implement production-grade, explainable and cost-effective AI solutions that can meet operational and regulatory demands.  AI has evolved rapidly since fintech Arteria AI was founded in 2020, Amir Hajian, chief science officer, tells Bank Automation News in this episode of “The Buzz” podcast. The company provides banks with AI-powered digital documentation services.  “2020 was a very simple year where AI was classification and extraction, and now we have all the glory of AI systems that can do things for you and with you,” Hajian says.   “We realized one day in 2021 that using language alone is not enough to solve [today’s] problems.” The company began using multimodal models that can not only read but search for visual cues in documents.  AI budgets and strategies vary widely among FIs, Hajian says. Therefore, Arteria’s approach involves reengineering large AI models to be smaller and more cost-effective, able to run in any environment without requiring massive computer resources. This allows smaller institutions to access advanced AI without extensive infrastructure.  Hajian, who joined Arteria AI in 2020, is also head of the fintech’s research arm, Arteria Cafe.  One of Arteria Cafe’s first developments since its creation in January is GraphiT — a tool for encoding graphs into text and optimizing large language model prompts for graph prediction tasks.   GraphiT enables graph-based analysis with minimal training data, ideal for compliance and financial services where data is limited and regulations shift quickly. The GraphiT solution operates at roughly one-tenth the cost of previously known methods, Hajian says.  Key uses include:  Regulatory compliance; Anti-money laundering; Predictive modeling; and Low-data problem solving. Arteria plans to roll out GraphiT at the ACM Web Conference 2025 in Sydney this month. 

Citizens Bank is advancing its digital payments strategy in 2025, with a focus on embedded finance and omnichannel capabilities.  For example, Citizens is moving from screen scraping to an API-enabled environment, allowing it to use insights from its private banking segment in other segments, such as SMB, mid-market and commercial, Taira Hall, executive vice president and head of enterprise payments at the $217.5 billion Citizens, tells Bank Automation News in this episode of “The Buzz” podcast.  “One of the benefits of having an enterprise payments function is … we can look at all of our core payment rails and understand at scale … It’s sort of bringing this intertwined aspect to it … making sure that anything we build in one place has connectivity tissue into the rest of the bank,” she says.  The bank, she says, is moving forward with its multiyear digital transformation, focusing on:  Fintech partnerships; Data and analytics investment; AI deployment; and  Expanded capabilities for existing tools, such as the bank’s SMB-focused Cash Flow Essentials payments platform. Learn more from Hall about how Citizens is looking to balance relationship banking with digital innovation in this episode of “The Buzz.” Subscribe to The Buzz Podcast on iTunes or Spotify, or download the episode.

FairPlay, a “fairness as a service” startup is launching an index tool in Q3 of this year that shows financial institutions how their underwriting affects consumers. Los Angeles-based Fairplay uses AI-powered data analytics software to help FIs assess the accuracy of their automated loan decision models and provides them with metrics to help identify potential biases, Kareem Saleh, founder and chief executive at FairPlay, tells Bank Automation News in this episode of “The Buzz” podcast. Saleh was named one of BAN’s executives to watch in 2024. “Fundamentally, what we do is help financial institutions stress test their AI, identify blind spots in their AI and then correct those blind spots,” Saleh says. “And what we find is that something like 25% to 33% of the folks that financial institutions declined probably would have performed as well as the riskiest folks they approve.” Since being founded in 2020, FairPlay has raised $14.5 million toward its tech, according to the online financial database Crunchbase. Keeping data in check But even AI-powered decisioning algorithms require careful examination of the datasets they use, Saleh says. “The conventional wisdom is that AI stands for ‘artificial intelligence,’ but it can sometimes also stand for ‘accidentally incorrect,’” he says. “If you don't have a real clear-eyed view about this bias in the algorithms to overfit to the data, then you might miss the blind spots.”5 questions for compliance The Consumer Financial Protection Bureau in June 2024 approved a rule requiring FIs that use algorithmic appraisal tools to ensure compliance with nondiscrimination laws. Multiple lenders received fines from federal regulators for unfair lending practices in the past two years, including $2.6 trillion Bank of America, $2.4 trillion Citi and $560.5 billion TD Bank. FairPlay’s software enables FIs to answer these questions to help ensure compliance: Is this algorithm fair?If not, why not?Could the algorithm be fairer?How could being fairer economically affect our business?Did we double-check declined loan applications for undeserved denials?Three of the top 10 largest banks are already using FairPlay fair lending analysis software. The names of the banks were not disclosed, but the top three banks by asset size are $4 trillion JPMorgan Chase, followed by the aforementioned Bank of America and Citi. Its newest partner, $7.6 billion Pathward Financial, was added Feb. 18, Saleh says. “Banks that use our software are often able to increase their approval rates by 10%, increase their take rates by 13% and increase positive outcomes by 20%,” he says. Listen to this episode of “The Buzz” podcast as Saleh discusses how banks can leverage AI to improve loan approval rates. Subscribe to The Buzz Podcast on iTunes or Spotify, or download the episode.   

Financial institutions are looking to deepfake detection solutions in their fight against the growing threat of generative AI-driven fraud.  The growing deepfake detection market is expected to be a $15.7 billion industry by 2026, according to consultancy firm Deloitte.  AI voice fraud detection startup Herd Security is one tech provider that banks are channeling to reduce targeted attacks against their organizations and clients, Brandon Min, co-founder and chief executive of Herd Security, tells Bank Automation News on this episode of the “The Buzz” podcast.   Herd Security, launched in 2023 by Min and his co-founder and chief technology officer Greg Bates, "can detect the presence of AI on any live call or previous audio-based recording with less than 10 seconds of audio,” Min says.   Herd Security will demonstrate its technology at Bank Automation Summit 2025 in Nashville, Tenn., on Monday, March 3.  Listen to this episode of “The Buzz” podcast as Min discusses how banks can layer in deepfake detection tools to reduce fraud.