Asia before the artificial intelligence curve to fight fraud. Here is what the rest of the world can learn from

Hong Kong authorities launched Squareter, Mobile fraud alert system that dangerous transactions to users. Singapore presented Joint responsibility frameworkWhich allocates losing responsibilities for financial institutions and telecommunications operators, and encouraging the implementation of scam control measures. Likewise, Australia A secure fraud agreement It is an initiative across industry throughout banks, building societies, and credit federations that aim to raise the level of customer protection to counter fraud.

All of these moves represent a strong response to an increasing regional threat, which is evident from “fraud vehicles” in Southeast Asia: the physical centers where criminal unions organize large -scale online fraud, including fraud in identity, hunting, fake investments and money laundering. These advanced operations, which disguise, as legitimate companies, disguise billions of dollars annually.

What drives this development in the financial crime? Increasingly, it is artificial intelligence. Criminal networks use artificial intelligence to create artificial identities, launch huge hunting campaigns, bypass traditional security systems – and do so with less resources and in record time. While fraud compounds are concentrated in Asia, the financial fraud threat is global.

However, Asia’s crime unions issue headlines, the banks of the region quietly lead to how to prevent fraud. Unlike other banks, which use artificial intelligence to customize customers and support the call center, Asian banks instead take advantage of artificial intelligence to respond to Internet criminals by discovering fraud, verification of identity, and money laundering.

Why APAC excelled in defending AI’s fraud

Asia’s greatest focus is due to the prevention of the lack of intelligence to the region’s financial crime. Asian institutions are present in trenches when it comes to cybercrime, which leads them to adopt AI strategies quickly.

The size of the financial loss is amazing. In 2024 alone, the Asia Pacific region lost appreciation 688 billion dollars For fraud, nearly two -thirds of the whole world. The Asians’ rapid dependence on digital governors and payment platforms increases matters worse: by breakfast of strong consumer protection, this use opens doors for electronic criminals and places banks on the front lines.

Asian banks lead the road to adopting ISO 20022, a new correspondence standard that allows financial institutions to use artificial intelligence to discover abnormal cases accurately and reduce financial crime.

The same technology, different play books

Regional priorities turn with the adoption of Amnesty International banks. Banks in the Asia Pacific region focus on preventing fraud and security, while European and American institutions use artificial intelligence instead to customize products and customer service.

according to We searchedLonely more than half of the UK’s organizations want to use obstetric intelligence to enhance customer experience. This excessive market reflects competing in the UK, as easy -to -use reactions are a key to winning customer loyalty. The United States divides the concentration of artificial intelligence between customer experience and operational automation, and supporting both consumer requirements for banking services and the internal goals of efficiency.

In contrast, 58 % of the Pacific Asian banks focus their investments in the field of male subscription on the discovery of fraud and money laundering, much higher than the global average. Banks in the Asia Pacific region face a strong scene where criminal networks use artificial intelligence to defraud identity, hunting and financial fraud. As a result, the region gives priority to cybersecurity, which increases the most obvious artificial intelligence strategy that focuses on security, which is the prevention of fraud as a major competitive advantage.

More importantly, artificial intelligence distinguishes the distinction between security and service. The growing Internet threats mean that customers expect not only their banks to protect their money, but also provide clear and accurate answers at times of uncertainty. Our work with clients reveals that the phrase Chatbots and authenticity authentication systems can speed up information from bank employees by obtaining information faster 30-40 % of those before. This, in turn, had a harmful effect on customer satisfaction, with customers who are now classifying their experiences with Chatbots 25 % higher Among their previous talks with human factors.

What is the next era of banking demands

Detection of fraud in the threat scene cannot be isolated today. It should be included in the financial infrastructure. Whether it is through cross -interactive agreements such as the Australian Safe Convention, or through a mixture of service and safety seen in the chat stations that operate in Amnesty International that approves both users and a real -time solution, APAC explains how integrated systems can convert initial data into implementable defenses, driven by AI and compatible with practical needs.

The Asia and Pacific experience highlights that financial security depends on being proactive, not interactive. In the face of massive fraud and complex fraud networks, Asian institutions have given a priority to prevent artificial intelligence. On the other hand, our American and European peers are treating fraud as a possible application of artificial intelligence between many. This will be a mistake as AI’s financial crime begins to spread worldwide.

The role of artificial intelligence in fraud will grow. The Asia and Pacific strategy shows the value of behavior quickly to confront it, and to integrate the prevention of financial infrastructure. With the escalation of global threats, the world must look to Asia, not only as a regional leader, but as a role model for safe and smooth financial transactions.

The opinions expressed in cutting comments Fortune.com are only the opinions of their authors and do not necessarily reflect opinions and beliefs luck.