Interview | Banks Need Living Fraud Defenses for Living Threats

Financial crime is mutating into a real-time, shape-shifting threat, leaving traditional defenses struggling to keep pace. In an in-depth interview with IBS Intelligence FinTech Journal, Clari5 COO Balaji Suryanarayana explains why banks must move beyond static controls to embrace living fraud defense systems that breathe, think, and adapt continuously as fraud evolves.

He highlights the need for contextual intelligence at the core of fraud investigations, rather than isolated alerts, and stresses how embedded prevention within banking infrastructure is key to resilience. Balaji also discusses how banks can strengthen defenses against emerging risks, from deepfake identities and mule accounts to sophisticated social engineering schemes.

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