AI Arms Race Is Radically Reshaping the Fraud Threat in EMEA, FICO Research Finds
Business Wire•05/10/2026•04:00 ET
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Key Highlights
- ➤36% of EMEA institutions report fraud attempts rising over 25% in 24 months
- ➤28% report financial losses from fraud grew over 25% in two years
- ➤52% cite increasing fraud complexity as their leading prevention challenge
- ➤86% view unified, enterprise-wide fraud strategy as essential
- ➤51% report false positive rates above 15%, increasing legitimate-customer friction
Expert Statements
Adam Davies, Vice President, Product Management at FICO
“Fraud in EMEA is not accelerating out of control, but it is becoming far more sophisticated, and that shift matters just as much”
Adam Davies, Vice President, Product Management at FICO
“Fraudsters now have access to the same generative and agentic AI tools that banks are deploying to stop them, and they are using them to scale social engineering, synthetic identities and deepfake-enabled attacks.”
Adam Davies, Vice President, Product Management at FICO
“The institutions pulling ahead are the ones connecting their fraud functions across the enterprise and orchestrating every intelligence source they have, rather than adding point solutions one at a time.”
Adam Davies, Vice President, Product Management at FICO
“The next 24 months will be defined by orchestration, not by any single piece of technology”
Adam Davies, Vice President, Product Management at FICO
“EMEA institutions have already built strong foundations in AI-driven detection, and confidence in agentic AI is particularly high in the region.”
Adam Davies, Vice President, Product Management at FICO
“What’s needed now is the connective tissue: bringing in-house models, vendor intelligence and consortium data together so fraud teams can act on a complete picture in real time, without pushing more friction onto legitimate customers.”
Adam Davies, Vice President, Product Management at FICO
“You should prioritize what works within disciplined fraud control frameworks rather than launching yet more pilots,”
Adam Davies, Vice President, Product Management at FICO
“The organizations that can do both will be the ones that define competitive advantage in this era,”
AI Arms Race Is Radically Reshaping the Fraud Threat in EMEA, FICO Research Finds
Global survey of financial institutions on fraud protection shows 25%+ rise in fraud attempts for one-third of EMEA financial institutions as fraud complexity increases
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