Most folks in banking and financial services do not enjoy talking about fraud and financial crime. This is not surprising. When it comes to fraud, there is rarely “good news.” Instead, it’s usually a matter of “no news” vs “bad news,” In this world, many can’t help but feel as if the “good news” is that the “bad news” hasn’t happened—yet.
While keynotes and industry stages dedicated to fraud and financial crime will be limited at FinovateFall 2026 next month, the world looks quite different from the demo stage, where a dozen companies will be showcasing their latest innovations to help banks, credit unions, and other organizations monitor their processes in real time, detect fraud before it causes emotional or financial damage, and provide procedures and strategies to help avoid similar attacks in the future. In other words, just because we don’t always hear C-suite executives from banks and financial services companies talking about fraud, do not for a moment believe that fraud and financial crime are anything but top of mind.
Today, in our latest FinovateFall 2026 preview post, we’re introducing you to these 12 fintech innovators that will be demonstrating their fraud prevention solutions live on stage on September 9 and 10.
Coynitt is a remittance and community savings platform built for Canada’s African diaspora that leverages the blockchain to settle international remittances in five seconds or less. Coynitt offers trustless, on-chain ROSCA savings circles with instant smart contract payouts. The platform features AI-routed payments, open-source smart contracts, and on-chain transparency to enable every contribution to be visible to every member.
Darwinium is an AI-powered fraud prevention platform that combines continuous monitoring with real-time decisioning to enable fraud teams to identify and respond to fraud attacks ranging from account takeover and API abuse to scams and mule activity. The company’s technology has delivered a 50% reduction in fraud and a 40% reduction in operational costs. Distinguishing trusted behavior from risky behavior—in both humans and AI agents—Darwinium provides fraud defense from the first interaction through high-risk actions and payments.
A leader in voice security solutions for banks and other financial institutions, Illuma offers a voice authentication and fraud prevention solution, IllumaSHIELD, that replaces knowledge-based authentication practices with a seamless and secure, real-time voice authentication solution that enhances the caller experience, improves operational efficiency, and prevents fraud in contact centers.
Kita offers an AI-powered lending operations and credit assessment platform that transforms borrower documents into fraud-checked underwriting signals. Kita enables lenders to transition from scattered borrower documents and manual workflows to consistent, decision-ready credit analysis that keeps final decision-making in human hands. The platform’s trio of AI agents—Kita Capture, AI Credit Officer, and AI Underwriter—provides end-to-end underwriting for every kind of lending, from microfinance to SME lending and commercial loans.
Loquat provides seamless KYC, KYB, fast onboarding, virtual cards, automated lending, back-office lifecycle management, and CALM Portal for credit unions and community banks. The firm’s Loquat IQ leverages an institution’s data to deliver contextual insights that drive strategic and operational success.
McCarthy Hatch is a regtech firm that helps financial institutions identify regulatory risks. The company’s FSAi is an AI-powered analytics platform that detects systemic consumer harm patterns in financial services by analyzing customer complaints. FSAi delivers real-time monitoring of risk exposure and enables strategic, proactive measures to significantly reduce compliance spending.
Omnisient offers a privacy-preserving data collaboration platform that enables financial services companies to access consumer behavior data directly from retailers and consumer brands. The company’s solution leverages secure collaboration and AI-driven analytics to empower businesses to build predictive models and data products to help them find and better serve future customers across industries.
Radar, a location infrastructure and intelligence software development firm, offers solutions to help organizations fight fraud, optimize operations, and engage customers at scale. Radar’s platform consists of three solutions: Protect, to stop fraud and verify user location; Optimize, which tracks pickups, deliveries, and field operations with real-time visibility; and Engage, which helps firms reach the right user at the right moment wherever they are.
RangersAI leverages real-time guidance, in-context education, and trusted digital interactions to help consumers avoid scams. The company’s ScamRanger solution is a customer-facing scam education platform that provides alerts and guidance for suspicious messages, helping stop scams before the emotional manipulation—and financial damage—begins.
Saris AI builds and launches AI agents to automate back-office workflows for credit unions and banks. The company’s technology automates 90% of lending, compliance, and operations tasks, and enables banks and credit unions to scale without adding headcount. Saris AI’s solution can be integrated directly into existing cores and LOS platforms, and requires no change management.
An AI communications platform for financial services, Veritus deploys voice and text agents that manage loan servicing and collections at scale. The company’s technology drives application conversions, re-engaging abandoned applications via intelligent outbound calls, SMS, and chat, and boosts collections with proactive outreach to borrowers in early arrears with empathetic, compliant, contextual conversations.
Winnow is a regtech platform that provides regulatory compliance solutions for legal and financial services firms. The company integrates modern AI technologies with practical compliance tools to offer prompt-driven compliance survey creation, intelligent chat-based legal research, and on-demand reference chart and compliance checklist generation.
Why Banks Should Care
Bank executives do not need to be reminded—much less informed—about the challenges of fraud and the costs of financial crime. In survey after survey, fraud, especially AI-powered fraud, is among the most frequently cited concerns by not only those who run and manage financial institutions, but also their customers and members. And it’s worth noting that the challenges to effective fraud fighting are not exclusively technical; as more than one financial crime expert has said, the human being, not the technology, is often the weakest link in the chain of defense.
That said, there are many challenges facing bank and credit union executives when it comes to enhancing their financial crime prevention efforts: from data management and legacy technology issues to budgetary constraints and limited availability of technical talent and expertise. And these are the problems that fintechs such as the ones showcased here—and coming to the FinovateFall 2026 demo stage in September—have dedicated themselves to solving for banks, credit unions, their customers, and their members.
Photo by Sasun Bughdaryan on Unsplash
