- CRIF has launched its AI-powered fraud detection service in the UK designed specifically for banks and insurers.
- The service utilises the latest innovations in GenAI to check a wide range of documents, including IDs, bills and bank statements, for visual manipulation.
- The tool identifies fraudulent business details, often left by editing and manipulation activities, which are missed or invisible to manual human onboarding checks.
- CRIF’s research finds two-thirds of UK businesses believe AI could help banks and insurers improve the speed of their financial decisions.
CRIF – the global leader in credit and insurance information, analytics and solutions – has today launched its AI-powered fraud detection services in the UK, helping financial providers tackle tampering during customer onboarding.
Designed specifically for banks and insurers, the tool helps strengthen onboarding checks, identifying potentially fraudulent information before businesses are accepted onto financial providers’ systems.
The service utilises the latest innovations in Generative AI (GenAI) to analyse a wide range of documents including IDs, bills and bank statements to check for visual manipulation and issues with underlying metadata.
Fraudulent documents can be used to falsely alter a business’s appearance, influencing more favourable risk assessment outcomes and access to financial services they may not have otherwise qualified for. Manipulated documents come in an array of shapes and sizes, from concealing poor credit history to gain access to a loan, to disguising high-risk operating sectors to gain more favourable lending terms.
CRIF’s solution combats this by identifying potential document tampering, utilising advanced neural networks, large language models and deep domain expertise. This proprietary methodology uncovers subtle signals and traces, often invisible to the human eye, left by editing and manipulation activities generated through traditional software or AI-driven techniques. The solution also integrates specialised deepfake detection models to identify patterns typical of AI-generated content.
Currently, manual fraud checks and document reviews are highly resource-intensive, time-consuming and risk human error, consuming up to 5% of total operating costs for banks.*
CRIF’s anti-fraud solution offers a clear traffic light system to indicate a business’s level of risk. While analysing large amounts of data at pace, it still allows for clear human oversight and final judgement, resulting in a quicker and more accurate onboarding process.
Sara Costantini, Regional Director for the UK and Ireland, said: “Fraud is affecting the financial services industry on all fronts – the onboarding process is a financial provider’s first line of defence for ensuring secure operations and risk assessments, making it absolutely critical to get right.
“Today’s rapidly evolving technological landscape now means that modern scam techniques are surpassing current processes, meaning fraudulent businesses risk slipping through the cracks. To catch AI-manipulated documents, we must use AI-generated solutions.
“Launching CRIF’s AI anti-fraud solution in the UK marks the next step in a successful European rollout, ensuring banks and insurers can continue to operate in the region both securely and at pace.”
CRIF’s research, part of its latest Banking on Banks report series, finds 67% of UK business leaders believe AI-powered services can help banks and insurers improve the speed of their financial decision-making and could lead to more tailored financial products.
CRIF’s AI anti-fraud solution can be easily embedded in existing onboarding products and processes and adheres to all compliance and regulatory checks required in the UK.
Background:
* https://www.bcg.com/publications/2025/know-your-customer-agentic-ai-revolution
About CRIF
CRIF is the leading provider in continental Europe of consumer and business credit information, and a key global player in integrated decisioning solutions, supporting over 10,500 financial institutions, 450 insurance companies and 90,000 business customers across 50 countries. For the last 25 years in the UK, CRIF has been specialising in decision management, consumer profiling, fraud prevention, open banking and digital transformation solutions.
AISP regulated by the FCA, CRIF enables banks and other financial institutions – including insurers and alternative lenders – to take their digital services to the next level, helping them harness open banking data and advanced analytics to understand their retail and business customers in more detail than ever before, and with unprecedented speed and accuracy.
Combining global experience in financial services and credit referencing with the agility and innovation of a fintech, CRIF provides financial organisations with the tools to offer their customers a full and seamless digital journey. From onboarding and evaluation, all the way through to business development, CRIF is enabling organisations to deliver a digital experience that consumers have come to expect, while creating value in a more efficient, effective and customer centric way.
CRIF provides the full digital journey through its range of UK services, including:
- Digital onboarding and identity verification
- Anti-fraud solutions
- Open Banking Suite - from access to account to categorisation and advanced analytics
- Budgeting, account aggregation and cashflow management functionalities for consumers and businesses
- ESG Analytics and Supply Chain Evaluation
- End to end digital lending platform
- End to end digital insurance platform.
For further information, visit crif.co.uk
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