What The Fraud?

For Part 2 of our special coverage from Money20/20 Europe in Amsterdam, we continue the conversation on AI, trust, and fraud with a fresh set of leaders from across digital banking, payments, and regulation. Where Part 1 focused on AI transformation at scale, this episode digs into invisible banking, digital identity, agentic commerce, and the regulatory frameworks needed to make cross-border payments work safely.Direct from the Sumsub booth, Thomas Taraniuk, Head of Partnerships at Sumsub, speaks with leaders from across the financial services ecosystem about what trust looks like when more of banking happens quietly, behind the scenes, and what it takes to keep fraud out without adding friction for the people and businesses who depend on these systems every day.Our guests include:Mette Gade (Chief Product Officer, Lunar) on building "invisible banking," why trust means giving users back their agency rather than advising them, and why fraud prevention works best as a shared community effort.Breno Oliveira (Chief Product Officer, payabl.) on whether digital identity can solve Europe's fraud problem, the rise of selective disclosure, and how agentic commerce will change fraud signals as we know them.Bankole Falade (Chief Legal, Regulatory Affairs & Public Policy Officer, Flutterwave) on building payment infrastructure across 50+ African markets, what Europe can learn from African regulatory pragmatism, and why harmonisation is the "golden ticket" for stablecoins and cross-border payments.Antoine Dauchy (Head of Product Development, FLOA) on the unique fraud challenges of buy-now-pay-later, why 3DS doesn't protect against installment fraud, and how tokenisation is making it easier for fraudsters to cover their tracks.Conny Ploth (VP, Global AI Transformation, Santander) on what it actually means to become an AI-native bank, the cultural shift required to make it stick, and why open innovation, including sharing fraud research publicly, is part of responsible AIAcross these conversations, one theme keeps surfacing: as banking becomes quieter and more automated, trust has to be built into every micro-moment, and the institutions, regulators, and product teams that get ahead of fraud will be the ones willing to share data, rethink friction, and design for agents as much as for people.Because the next wave of fraud won't announce itself. It will look exactly like normal traffic, until it isn't.Thomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniukMette Gade on LinkedIn: linkedin.com/in/mettehindborggadeBreno Oliveira on LinkedIn: linkedin.com/in/brenoaoliveiraBankole Falade on LinkedIn: linkedin.com/in/oluwabankole-falade-10a5099Antoine Dauchy on LinkedIn: linkedin.com/in/antoine-dauchy-aa99426Conny Ploth on LinkedIn: linkedin.com/in/conny-ploth-a66730

“What does it really take to move digital assets from hype to institutional infrastructure?”At Consensus Miami 2026, one theme stood out clearly: digital finance is moving from experimentation to infrastructure. Institutions are no longer just exploring blockchain… they are actively rebuilding how money is moved, secured, and governed.In part 2 of this special episode of What the Fraud?, Anastasia Shvechkova, Sales Director Americas at Sumsub, sits down for conversations with leaders from across the industry at the Sumsub booth at Consensus Miami, exploring how this transformation is happening across banking, payments, custody, and compliance, and what it means for fraud risk in a rapidly scaling ecosystem.Our guests include:Adam Levine (CEO, Fireblocks Trust Company) on why institutional adoption depends on secure, scalable infrastructure and how custody and risk are evolving together.Ryan Rugg (Global Head of Digital Assets, Treasury and Trade Solutions, Citi) on embedding blockchain into enterprise banking infrastructure and making digital assets feel like just another operational rail.Myles Harrison (Chief Product Officer, AMINA Bank) on building regulated crypto banking that bridges TradFi and digital assets, and why security-by-design is essential for mainstream adoption.Jamal Rayees (Head of Strategy, Polygon Labs) on how stablecoins are becoming the first true breakout use case for blockchain-based payments.Links:Sumsub's Website: sumsub.comSumsub's LinkedIn: linkedin.com/sumsubSumsub's Instagram: instagram.com/sumsubcomSumsub on X: x.com/SumsubcomSumsub's YouTube Channel: youtube.com/@sumsubcomAnastasia Shvechkova on LinkedIn: linkedin.com/in/anastasia-shvechkova-878344118Adam Levine on LinkedIn: linkedin.com/in/adamlevine18Ryan Rugg on LinkedIn: linkedin.com/in/ryanruggMyles Harrison on LinkedIn: linkedin.com/in/myles-harrisonJamal Rayees on LinkedIn: linkedin.com/in/jamalraees

In Part 1 of our What the Fraud? special from Consensus Miami 2026, we explore how crypto is moving beyond early adoption and into mainstream finance. From regulation and compliance to payments and user growth, the conversation focuses on what it takes to scale digital assets safely in the real world.Direct from the Sumsub booth at Consensus Miami, Anastasia Shvechkova, Sales Director Americas at Sumsub, speaks with experts from across the ecosystem about the challenges shaping the next phase of digital finance, from compliance and payments to trust, scale, and user adoption.Our guests include:Lei Lei (VP of Business Development and Strategy, Kite) on building crypto-native products and driving real-world utilityMayur Gupta (Chief Growth & Marketing Officer, Kraken) on scaling adoption and bringing more users into crypto marketsLarry Wade (Global Head of Crypto Compliance and Regulatory Relations, PayPal) on how global payment platforms are navigating regulation while integrating cryptoAcross the conversation, a different set of challenges emerges: not just how to build crypto systems, but how to grow them responsibly. From user onboarding and product-market fit to compliance frameworks and regulatory engagement, the focus is on what it takes to move from early infrastructure to widespread adoption.Because once the rails are built, the real question becomes: who will actually use them, and how safely?Links:Sumsub's Website: sumsub.comSumsub's LinkedIn: linkedin.com/sumsubSumsub's Instagram: instagram.com/sumsubcomSumsub on X: x.com/SumsubcomSumsub's YouTube Channel: youtube.com/@sumsubcomAnastasia Shvechkova on LinkedIn: linkedin.com/in/anastasia-shvechkova-878344118Lei Lei on LinkedIn: linkedin.com/in/lei-lei-90720aMayur Gupta on LinkedIn: linkedin.com/in/mayurgupta77Larry Wade on LinkedIn: linkedin.com/in/larryswadejr

“What happens when the world’s biggest sporting event becomes the perfect environment for fraud to scale?”World Cup Betting KYC: https://sumsub.link/21fThe World Cup isn’t just a global celebration of football, it’s one of the largest betting events on the planet. And where volume, velocity, and global participation collide, fraud doesn’t just appear… it accelerates.Our guest this week is Ludovico Calvi, Honorary President of ULIS, United Lotteries for Integrity in Sports. With decades of experience across betting operations and international integrity networks, Ludovico shares how fraud evolves before, during, and beyond major tournaments like the World Cup.From multi-accounting and bonus abuse to AI-driven synthetic identities and coordinated betting syndicates, this conversation explores how fraud has become structured, automated, and global. We look at why major events create the perfect conditions for these systems to thrive, how fragmented markets introduce hidden vulnerabilities, and why no single operator can see the full picture alone. We also dive into the growing role of real-time data sharing, cross-border collaboration, and integrity “war rooms”, and what it takes for betting companies to balance rapid growth with resilient defences.Because in a world where billions are watching and betting… fraud isn’t just playing the game. It’s playing the system.Sumsub's Website: sumsub.comSumsub's LinkedIn: linkedin.com/sumsubSumsub's Instagram: instagram.com/sumsubcomSumsub on X: x.com/SumsubcomSumsub's YouTube Channel: youtube.com/@sumsubcomThomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniukLudovico Calvi on LinkedIn: https://it.linkedin.com/in/ludovico-calvi-033a5927

“What happens when the fraudster isn’t a stranger… but your own customer?”Fraud Prevention Course: https://sumsub.link/2qiBusinesses spend millions verifying identities, onboarding users, and preventing external attacks. But one of the fastest-growing threats now comes from inside the perimeter: legitimate customers exploiting refunds, disputes, chargebacks, subscriptions, and reimbursement systems for personal gain.Our special guest this week is Richard Bromley, Head of Fraud and Disputes Risk at Monzo Bank. Drawing on years of experience at the sharp end of fraud prevention, Richard explains why first party fraud has become one of the most misunderstood and underestimated risks facing banks, fintechs, merchants, and payment providers today.From false scam claims and refund abuse to subscription traps, social media “hacks,” and organized criminal groups exploiting reimbursement schemes, this conversation explores how customer fraud is evolving from opportunistic behaviour into a scalable criminal model.We also examine why the term “friendly fraud” is dangerously misleading, how businesses can distinguish genuine victims from dishonest claimants, and why behavioural signals, machine learning, investigator expertise, and cross-industry collaboration are now essential to staying ahead.Sumsub's Website: sumsub.comSumsub's LinkedIn: linkedin.com/sumsubSumsub's Instagram: instagram.com/sumsubcomSumsub on X: x.com/SumsubcomSumsub's YouTube Channel: youtube.com/@sumsubcomThomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniukRichard Bromley on LinkedIn: linkedin.com/in/richard-bromley-ica-dip-fcp-4b559a4a/

“Fraud is no longer about convincing a human… it’s about feeding a system.”Fraud is evolving fast. No longer limited to fake documents or stolen identities, today’s attackers are targeting the very infrastructure designed to stop them, exploiting workflows, reverse engineering systems, and operating at machine speed.In this episode, we explore how fraud has shifted from human deception to system manipulation, and why traditional defences are struggling to keep up.Our special guest this week is Maikel Ninaber, Head of Risk and Resilience for EMEA at Mastercard. Drawing on his experience breaking into systems as an ethical hacker and now defending them at scale, he shares how modern fraud attacks are designed, tested, and deployed.From camera injection attacks and emulator farms to AI-driven fraud and reverse-engineered onboarding flows, this conversation reveals how criminal operations are becoming more structured, automated, and scalable. We also explore why layered defences, real-time detection, and cross-industry collaboration are critical, and what it takes for organizations to stay resilient in a world where fraud moves at machine speed.Sumsub's Website: sumsub.comSumsub's LinkedIn: linkedin.com/sumsubSumsub's Instagram: instagram.com/sumsubcomSumsub on X: x.com/SumsubcomSumsub's YouTube Channel: youtube.com/@sumsubcomThomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniukMaikel Ninaber on LinkedIn: linkedin.com/in/maikelninaber/

"What happens when an attacker gains control of your AI agent and the outside world believes everything it does... is you?"AI agents are already booking travel, managing calendars, and handling day-to-day tasks for millions of people. But as they gain access to our accounts, finances, and personal data, a new question emerges: how do you tell a legitimate agent from a hijacked one?Our guest this week is Mick Amelishko, AI advocate and Senior Engineering Manager at Sumsub, who lives at the intersection of AI development and fraud risk every single day. Mick breaks down what AI agents actually are, why they're so powerful, and why that power makes them an increasingly attractive target for bad actors.From compromised personal assistants and prompt injection attacks to the emerging concept of Know Your Agent (KYA), this conversation explores what happens when automation becomes indistinguishable from real user behaviour. We look at how fraudsters can weaponise agent access to drain accounts, impersonate users, and cause damage across multiple platforms, and what businesses and individuals can do about it.Sumsub's Website: sumsub.comSumsub's LinkedIn: linkedin.com/sumsubSumsub's Instagram: instagram.com/sumsubcomSumsub on X: x.com/SumsubcomSumsub's YouTube Channel: youtube.com/@sumsubcomThomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniukMick Amelishko on LinkedIn: linkedin.com/in/amelishko

“What happens when a fraudster doesn’t steal an identity… but builds one from scratch?”Synthetic identities are one of the fastest-growing threats in financial crime. Built from fragments of real and fabricated data, these identities can pass onboarding checks, behave like legitimate users for months or even years, and then suddenly “bust out”, leaving businesses with significant losses.Our special guest this week is Steve Lenderman. Drawing on decades of experience investigating fraud, Steve shares how synthetic identities are created, how they evolve over time, and why this threat has grown from a credit-card problem into a global issue affecting fintech, payroll, government programs, and beyond.From bot-generated identities and AI-assisted fraud to sleeper accounts, bust-out schemes, and synthetic businesses, this conversation explores how organized crime groups and even nation-state actors are scaling these attacks. We also look at why collaboration between industries is critical, how behavioural and device intelligence can reveal hidden patterns, and what companies can do to detect synthetic identities before the damage is done.Mentioned in this episode – how Device Intelligence detects synthetic identities early: https://sumsub.link/ykmSumsub’s Website: sumsub.comSumsub’s LinkedIn: linkedin.com/sumsubSumsub’s Instagram: instagram.com/sumsubcomSumsub on X: x.com/SumsubcomSumsub’s YouTube Channel: youtube.com/@sumsubcomThomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniukSteve Lenderman on LinkedIn: https://www.linkedin.com/in/steve-lenderman