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FinovateFall 2025: AI, Fraud Prevention, and the Art of What’s Possible

by Catatonic Times
September 16, 2025
in DeFi
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At a time of uncertainty in each politics and coverage, an entreaty to consider “what’s doable” may sound naive—if not terrifying.

But, on the onset of FinovateFall 2025, which simply wrapped up final week, fascinated about “what’s doable” was the problem laid down by Finovate VP and Grasp of Ceremonies Greg Palmer. And to the delight of our FinovateFall viewers, it was a problem that our demoing firms, keynote audio system, and insightful panelists have been greater than prepared to simply accept.

What we heard from the specialists

What’s doable … AI as a instrument to empower and increase human motion was an particularly persistent theme over the three days of FinovateFall. In reality, even our pre-conference, invitation-only, Leaders+ occasion on Sunday night featured a reminder that AI was more and more the instrument of alternative for these beneath 30 when it got here to a variety of monetary duties from establishing a funds to creating higher credit score choices. Crucially, as J.D. Energy’s Jennifer White identified, Gen Z is utilizing AI for solutions to extra instant questions, not solely for long-term planning. For them, AI is a co-pilot reasonably than a forecasting or projecting instrument.

This sentiment was elaborated on by Alex Johnson of Fintech Takes in his Analyst All Stars presentation Tuesday morning. Johnson took on the notion of AI as a instrument for automation, suggesting as a substitute that AI—and Giant Language Fashions (LLMs) extra particularly—be considered methods to enhance human exercise reasonably than exchange it outright. Johnson underscored LLMs as “probabilistic guessing machines” reasonably than “determinist programs,” and defined that to the extent that the latter is what’s required in monetary companies, LLMs alone can fall quick.

That stated, Johnson famous that by making use of LLMs in ways in which maximize what they’re good at, monetary establishments can leverage processes like mortgage servicing to higher perceive the varied and even area of interest preferences of their clients. This knowledge can be utilized not solely to introduce new services and products, but in addition to scale up total new companies constructed round these edge instances.

No dialog about AI at FinovateFall can be full with no reference to Jon Lakefish’s return to the Finovate stage for one more mind-bending dialog on the most recent AI instruments. His Wednesday morning keynote—Creating Belief and Loyalty by means of AI-Enhanced CX—helped attendees perceive the highly effective sources obtainable to not solely construct new merchandise, but in addition to find what new options are doable given a deeper, AI-enabled evaluation of a enterprise, its clients, and targets. In lower than 5 minutes, Lakefish confirmed how quite a lot of available AI instruments may allow, say, a Finovate sponsor, to uncover and pursue a brand new area of interest product line. From the most recent improvements in ChatGPT—”the LLM platform for nearly every little thing”—to Manus.AI, the primary publicly obtainable Agentic AI platform Lakefish has felt snug showcasing, the message was clear: the world of what’s doable is changing into bigger on daily basis and AI is a main useful resource for navigating and creating inside it.

One telling perception shared throughout our Investor All Star panel on the finish of Day Three underscored the facility and potential for AI in terms of rising fintechs, specifically. Throughout a dialogue on which traits traders have been most drawn to, our panelists cited fraud prevention and compliance expertise among the many most tasty areas for funding, with private finance administration (PFM)-related options more and more much less so. Nonetheless, panelist Lindsey Fitzgerald of Vesey Ventures famous that even inside this group, it was doable for really modern startups to face out if they can deploy enabling applied sciences like AI in new and novel methods. “AI adjustments the potential for a startup being 10x higher (than its rivals) in any class,” she defined.

What we noticed from the innovators

I’ve lengthy contended that the roster of firms that win Better of Present at Finovate conferences in any given yr is pretty much as good a warmth verify on the state of fintech innovation as you’re prone to discover. This yr’s batch of FinovateFall Better of Present winners was no exception.

By theme, FinovateFall attendees have been impressed by improvements in a variety of areas. Nonetheless firms innovating within the fraud prevention house most likely skilled the best quantity of on-stage competitors—some extent I’ll return to. Kudos to Casap for standing out from a formidable pack with its expertise that helps fight fraud, together with an particularly pernicious type of e-commerce crime known as “first-party fraud.” Based in 2023 and headquartered in New York, Casap lately raised $25 million in Sequence A funding for its fee dispute decision answer.

Arguably probably the most compelling case for monetary establishments to supply companies like investments got here from Eko CEO Mart Vos. His firm, now a two-time Finovate Better of Present winner, gives an answer that allows monetary establishments to combine digital investing performance instantly into their platforms. Vos warned banks and credit score unions to not be complacent as their clients open funding accounts with modern brokerages like Robinhood. Whereas mere brokerages right now, many of those companies are methods of increasing their banking choices, or acquiring banking licenses outright. By integrating funding companies into their platforms and making them seamlessly accessible, monetary establishments incentivize clients and members to maintain their funds “at dwelling.”

Enabling extra certified debtors to safe funding is a trigger championed by many modern fintechs and it’s no shock to see two such firms amongst this yr’s Better of Present winners. This yr at FinovateFall, New York-based Krida demonstrated its AI intelligence layer for enterprise lending. The corporate’s answer leverages AI to supply bankers with automated workflows for doc assortment, lead monitoring, and knowledge administration. This permits new bankers to be more practical sooner and empowers all bankers to spend extra time with their consumer relationships and fewer time with paperwork. Hailing from the opposite facet of the nation, Irvine, California-based LendAPI is a brilliant orchestration platform that allows CTOs, CROs, and CCOs to work collectively to construct enterprise platforms. At FinovateFall, LendAPI CEO Timothy Li demonstrated learn how to use the expertise to launch a 1003 mortgage utility in minutes. Each Krida and LendAPI are newcomers to the Finovate stage.

One other Finovate newcomer to take dwelling Better of Present honors from FinovateFall final week was VerticeAI. The Atlanta, Georgia-based fintech gives credit score unions and neighborhood banks with instruments for predictive analytics, AI-powered advertising and marketing content material, and focused buyer acquisition. The corporate started the yr asserting new partnerships with Texas-based Schooling Credit score Union and North Carolina-based Duke College Federal Credit score Union.

Final however actually not least, it was nice to see the constructive impression LemonadeLXP made on our FinovateFall viewers final week. A Finovate alum since 2022 and, like Eko, now a two-time Better of Present winner, LemonadeLXP provides a studying expertise and digital adoption platform for each the employees and clients of monetary establishments. On the convention, the Ottawa, Canada-based firm demoed its InsightAI answer which allows companies to develop and deploy their very own worker coaching applications.

The place we go from right here

This yr I used to be struck by the quantity and high quality of options on show that have been devoted to combating fraud and coping with associated considerations like dispute administration and chargebacks.

Fraud prevention might not be probably the most glamorous nook of fintech. Fraud within the digital house is a persistent, if not rising, menace to all of us; somebody very near me misplaced their life financial savings in a phishing rip-off earlier this yr. Nevertheless it’s not one thing that we like to speak about very a lot. Victims really feel disgrace. Establishments endure reputational injury. Suppliers scramble to supply their very own proprietary options. The fraud lifecycle, so to talk, is silent and siloed. And this makes fraud tougher to struggle.

Maybe because of this a few of the most novel expertise improvements and enterprise methods are discovered amongst these engaged within the struggle towards fraud. Take into account the aggressive deployment of AI to fight deepfakes or the more and more widespread collaborations between establishments—significantly credit score unions and neighborhood banks—to share finest practices to maintain their members and clients protected. At a time when private safety considerations are paramount—in monetary companies and past—it’s heartening to know that so lots of fintech’s finest and brightest are on the case.


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