Tuesday Topic: Why Fraud Controls Must Evolve

Most financial controls are designed to verify that the right processes were followed. But as payments become faster, more digital, and more interconnected, this article argues that process alone is no longer enough. Fraudsters are increasingly exploiting legitimate workflows rather than bypassing them. Banks need to look beyond approvals and documentation and ask a more important question: can we trust this transaction?

Where are your biggest blind spots as payments become faster and more digital? Are your controls designed to verify process or detect fraud? Are they evolving as quickly as the threats they’re designed to stop?