Cryptocurrency didn't invent financial fraud, but it changed how money moves and how criminals exploit it. Now, with new US legislation on the table, the industry faces a bigger question: can a system built on decentralization ever become trusted infrastructure?

In this episode of What The Fraud, Tom sits down with the hosts of Crypto in America: Eleanor Terrett, Jacquelyn Melinek, and Gerald Gallagher, for a special crossover episode closing out Season 5.

Together they unpack the Genius Act and Clarity Act and what they actually mean for stablecoins, market structure, and consumer protection, why institutions are finally treating crypto as a technology rather than a speculative bet, the surge in DeFi hacks driven by social engineering rather than code exploits, and the growing conversation around privacy, AI agents, and programmable payments as the next frontier.

They also get personal, sharing their own brushes with fraud, the online behaviors they'd ban forever, and where they think crypto will be in ten years.

Whether you work in fraud, fintech, payments, or policy, this episode offers a candid look at what it will really take for crypto to earn the public's trust.

Sumsub's Website: sumsub.com

Sumsub's LinkedIn: linkedin.com/sumsub

Sumsub's Instagram: instagram.com/sumsubcom

Sumsub on X: x.com/Sumsubcom

Sumsub's YouTube Channel: youtube.com/@sumsubcom

Thomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniuk

Eleanor Terrett on LinkedIn: linkedin.com/in/eleanor-terrett-b9a77292

Jacquelyn Melinek on LinkedIn: https://www.linkedin.com/in/jacquelynmelinek

Gerald Gallagher on LinkedIn: linkedin.com/in/gerald-gallagher-285040b6

Hosted on Acast. See acast.com/privacy for more information.

"What happens when the moment of truth isn't onboarding - it's the moment the money moves?"

Businesses pour resources into KYC, fraud modelling, and onboarding checks. But fraud doesn't really happen until the money goes out, and by then, it's often too late to get it back.

This week's guest is Apurva Shrivastava, Product Lead for Global Payments Product at Amazon. He breaks down why payout fraud is one of the most underestimated risks in the industry, and why "we caught it at onboarding" isn't enough on its own.

We cover the three phases of cash-out fraud: Account farming, waiting for a trigger event, and burst execution, why payout fraud often gets booked as an "operational loss" instead of a fraud loss, and what a disbursement-time identity assurance score could look like in practice.

As Apurva puts it: platforms have to be right every time. Fraudsters only need to be right once.

Sumsub's Website: sumsub.com

Sumsub's LinkedIn: linkedin.com/sumsub

Sumsub's Instagram: instagram.com/sumsubcom

Sumsub on X: x.com/Sumsubcom

Sumsub's YouTube Channel: youtube.com/@sumsubcom

Thomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniuk

Apurva Shrivastava on LinkedIn: linkedin.com/in/apurva-shrivastava/

Hosted on Acast. See acast.com/privacy for more information.

For Part 2 of our special coverage from Money20/20 Europe in Amsterdam, we continue the conversation on AI, trust, and fraud with a fresh set of leaders from across digital banking, payments, and regulation. Where Part 1 focused on AI transformation at scale, this episode digs into invisible banking, digital identity, agentic commerce, and the regulatory frameworks needed to make cross-border payments work safely.

Direct from the Sumsub booth, Thomas Taraniuk, Head of Partnerships at Sumsub, speaks with leaders from across the financial services ecosystem about what trust looks like when more of banking happens quietly, behind the scenes, and what it takes to keep fraud out without adding friction for the people and businesses who depend on these systems every day.

Our guests include:

• Mette Gade (Chief Product Officer, Lunar) on building "invisible banking," why trust means giving users back their agency rather than advising them, and why fraud prevention works best as a shared community effort.
• Breno Oliveira (Chief Product Officer, payabl.) on whether digital identity can solve Europe's fraud problem, the rise of selective disclosure, and how agentic commerce will change fraud signals as we know them.
• Bankole Falade (Chief Legal, Regulatory Affairs & Public Policy Officer, Flutterwave) on building payment infrastructure across 50+ African markets, what Europe can learn from African regulatory pragmatism, and why harmonisation is the "golden ticket" for stablecoins and cross-border payments.
• Antoine Dauchy (Head of Product Development, FLOA) on the unique fraud challenges of buy-now-pay-later, why 3DS doesn't protect against installment fraud, and how tokenisation is making it easier for fraudsters to cover their tracks.
• Conny Ploth (VP, Global AI Transformation, Santander) on what it actually means to become an AI-native bank, the cultural shift required to make it stick, and why open innovation, including sharing fraud research publicly, is part of responsible AI

Across these conversations, one theme keeps surfacing: as banking becomes quieter and more automated, trust has to be built into every micro-moment, and the institutions, regulators, and product teams that get ahead of fraud will be the ones willing to share data, rethink friction, and design for agents as much as for people.

Because the next wave of fraud won't announce itself. It will look exactly like normal traffic, until it isn't.

Thomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniuk

Mette Gade on LinkedIn: linkedin.com/in/mettehindborggade

Breno Oliveira on LinkedIn: linkedin.com/in/brenoaoliveira

Bankole Falade on LinkedIn: linkedin.com/in/oluwabankole-falade-10a5099

Antoine Dauchy on LinkedIn: linkedin.com/in/antoine-dauchy-aa99426

Conny Ploth on LinkedIn: linkedin.com/in/conny-ploth-a66730

Hosted on Acast. See acast.com/privacy for more information.

Recorded live on the floor of Money20/20 Europe in Amsterdam, this special episode of What the Fraud? brings together some of the sharpest minds in fintech to tackle the questions that matter most right now: how do you deploy AI at scale, build trust with users, fight increasingly sophisticated fraud, and keep growing without getting left behind?

Direct from the Sumsub booth, Thomas Taraniuk, Head of Partnerships at Sumsub, speaks with leaders from across the financial services ecosystem about the forces reshaping the industry: from agentic AI and stablecoins to merchant fraud blind spots and the cost of compliance.

Our guests include:

• Georgios Kolovos (Payments and Fintech Leader, EMEA, Nvidia) on whether a single AI model can power the entire payment stack, the value of transaction foundation models, and why collaboration between financial institutions is essential to staying ahead of fraud
• Joe Wilson (Chief Evangelist, Bunq) on building trust with expats and digital nomads, why brutal transparency is a competitive advantage, and the case for intervening on the user's side before fraud ever reaches the back end
• Rik Goslinga (VP, Account Management, EMEA, Adyen) on the merchant blind spots that still plague the industry, why fraud is no longer just a checkout problem, and how machine learning is making the fraud-conversion-cost trade-off less of a zero-sum game
• Ivan Zhiznevsky (Founder and CEO, 3S Money) on unlocking new markets through modernised payments, the rise of stablecoins as a legitimate business currency, and why governments need to stop outsourcing compliance to the private sector

Across every conversation, a common thread emerges: the fraudsters are moving faster, the technology is more powerful than ever, and the institutions that will win are the ones willing to share knowledge, question their assumptions, and embed intelligence across the entire stack, not just at the point of payment.

Because in a world where fraud is being industrialised, defence can't afford to stay manual.

Thomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniuk

Georgios Kolovos on LinkedIn: linkedin.com/in/gkolovos

Joe Wilson on LinkedIn: linkedin.com/in/risenujoe

Rik Goslinga on LinkedIn: linkedin.com/in/rikgoslinga

Ivan Zhiznevsky: linkedin.com/in/ivan-zhiznevsky-a0074190

Hosted on Acast. See acast.com/privacy for more information.

Account takeovers have become one of the biggest challenges in fraud prevention.

In this episode of What The Fraud, Tom is joined by Suz Lynch, Head of Financial Crime, and Paul Marsden, Head of Risk at Monavate, to explore how fraudsters gain access to trusted accounts, why account takeovers are becoming harder to detect, and how businesses can respond.

From behavioural monitoring and AI-driven scams to the balance between security and customer experience, they discuss the warning signs, emerging threats, and practical steps organisations can take to stay ahead.

Whether you're working in fraud, fintech, payments, or compliance, this episode offers valuable insights into one of the fastest-growing risks in digital finance.

Sumsub's Website: sumsub.com

Sumsub's LinkedIn: linkedin.com/sumsub

Sumsub's Instagram: instagram.com/sumsubcom

Sumsub on X: x.com/Sumsubcom

Sumsub's YouTube Channel: youtube.com/@sumsubcom

Thomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniuk

Suz Lynch on LinkedIn: linkedin.com/in/suzanne-lynch-68003667 

Paul Marsden on LinkedIn: linkedin.com/in/paul-marsden-69a98838

Hosted on Acast. See acast.com/privacy for more information.

“What does it really take to move digital assets from hype to institutional infrastructure?”

At Consensus Miami 2026, one theme stood out clearly: digital finance is moving from experimentation to infrastructure. Institutions are no longer just exploring blockchain… they are actively rebuilding how money is moved, secured, and governed.

In part 2 of this special episode of What the Fraud?, Anastasia Shvechkova, Sales Director Americas at Sumsub, sits down for conversations with leaders from across the industry at the Sumsub booth at Consensus Miami, exploring how this transformation is happening across banking, payments, custody, and compliance, and what it means for fraud risk in a rapidly scaling ecosystem.

Our guests include:

• Adam Levine (CEO, Fireblocks Trust Company) on why institutional adoption depends on secure, scalable infrastructure and how custody and risk are evolving together.
• Ryan Rugg (Global Head of Digital Assets, Treasury and Trade Solutions, Citi) on embedding blockchain into enterprise banking infrastructure and making digital assets feel like just another operational rail.
• Myles Harrison (Chief Product Officer, AMINA Bank) on building regulated crypto banking that bridges TradFi and digital assets, and why security-by-design is essential for mainstream adoption.
• Jamal Rayees (Head of Strategy, Polygon Labs) on how stablecoins are becoming the first true breakout use case for blockchain-based payments.

Links:

• Sumsub's Website: sumsub.com
• Sumsub's LinkedIn: linkedin.com/sumsub
• Sumsub's Instagram: instagram.com/sumsubcom
• Sumsub on X: x.com/Sumsubcom
• Sumsub's YouTube Channel: youtube.com/@sumsubcom
• Anastasia Shvechkova on LinkedIn: linkedin.com/in/anastasia-shvechkova-878344118
• Adam Levine on LinkedIn: linkedin.com/in/adamlevine18
• Ryan Rugg on LinkedIn: linkedin.com/in/ryanrugg
• Myles Harrison on LinkedIn: linkedin.com/in/myles-harrison
• Jamal Rayees on LinkedIn: linkedin.com/in/jamalraees

Hosted on Acast. See acast.com/privacy for more information.

In Part 1 of our What the Fraud? special from Consensus Miami 2026, we explore how crypto is moving beyond early adoption and into mainstream finance. From regulation and compliance to payments and user growth, the conversation focuses on what it takes to scale digital assets safely in the real world.

Direct from the Sumsub booth at Consensus Miami, Anastasia Shvechkova, Sales Director Americas at Sumsub, speaks with experts from across the ecosystem about the challenges shaping the next phase of digital finance, from compliance and payments to trust, scale, and user adoption.

Our guests include:

• Lei Lei (VP of Business Development and Strategy, Kite) on building crypto-native products and driving real-world utility
• Mayur Gupta (Chief Growth & Marketing Officer, Kraken) on scaling adoption and bringing more users into crypto markets
• Larry Wade (Global Head of Crypto Compliance and Regulatory Relations, PayPal) on how global payment platforms are navigating regulation while integrating crypto

Across the conversation, a different set of challenges emerges: not just how to build crypto systems, but how to grow them responsibly. From user onboarding and product-market fit to compliance frameworks and regulatory engagement, the focus is on what it takes to move from early infrastructure to widespread adoption.

Because once the rails are built, the real question becomes: who will actually use them, and how safely?

Links:

• Sumsub's Website: sumsub.com
• Sumsub's LinkedIn: linkedin.com/sumsub
• Sumsub's Instagram: instagram.com/sumsubcom
• Sumsub on X: x.com/Sumsubcom
• Sumsub's YouTube Channel: youtube.com/@sumsubcom
• Anastasia Shvechkova on LinkedIn: linkedin.com/in/anastasia-shvechkova-878344118
• Lei Lei on LinkedIn: linkedin.com/in/lei-lei-90720a
• Mayur Gupta on LinkedIn: linkedin.com/in/mayurgupta77
• Larry Wade on LinkedIn: linkedin.com/in/larryswadejr

Hosted on Acast. See acast.com/privacy for more information.

“What happens when the world’s biggest sporting event becomes the perfect environment for fraud to scale?”

World Cup Betting KYC: https://sumsub.link/21f

The World Cup isn’t just a global celebration of football, it’s one of the largest betting events on the planet. And where volume, velocity, and global participation collide, fraud doesn’t just appear… it accelerates.

Our guest this week is Ludovico Calvi, Honorary President of ULIS, United Lotteries for Integrity in Sports. With decades of experience across betting operations and international integrity networks, Ludovico shares how fraud evolves before, during, and beyond major tournaments like the World Cup.

From multi-accounting and bonus abuse to AI-driven synthetic identities and coordinated betting syndicates, this conversation explores how fraud has become structured, automated, and global. We look at why major events create the perfect conditions for these systems to thrive, how fragmented markets introduce hidden vulnerabilities, and why no single operator can see the full picture alone. We also dive into the growing role of real-time data sharing, cross-border collaboration, and integrity “war rooms”, and what it takes for betting companies to balance rapid growth with resilient defences.

Because in a world where billions are watching and betting… fraud isn’t just playing the game. It’s playing the system.

Sumsub's Website: sumsub.com

Sumsub's LinkedIn: linkedin.com/sumsub

Sumsub's Instagram: instagram.com/sumsubcom

Sumsub on X: x.com/Sumsubcom

Sumsub's YouTube Channel: youtube.com/@sumsubcom

Thomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniuk

Ludovico Calvi on LinkedIn: https://it.linkedin.com/in/ludovico-calvi-033a5927

Hosted on Acast. See acast.com/privacy for more information.

“What happens when the fraudster isn’t a stranger… but your own customer?”

Fraud Prevention Course: https://sumsub.link/2qi

Businesses spend millions verifying identities, onboarding users, and preventing external attacks. But one of the fastest-growing threats now comes from inside the perimeter: legitimate customers exploiting refunds, disputes, chargebacks, subscriptions, and reimbursement systems for personal gain.

Our special guest this week is Richard Bromley, Head of Fraud and Disputes Risk at Monzo Bank. Drawing on years of experience at the sharp end of fraud prevention, Richard explains why first party fraud has become one of the most misunderstood and underestimated risks facing banks, fintechs, merchants, and payment providers today.

From false scam claims and refund abuse to subscription traps, social media “hacks,” and organized criminal groups exploiting reimbursement schemes, this conversation explores how customer fraud is evolving from opportunistic behaviour into a scalable criminal model.

We also examine why the term “friendly fraud” is dangerously misleading, how businesses can distinguish genuine victims from dishonest claimants, and why behavioural signals, machine learning, investigator expertise, and cross-industry collaboration are now essential to staying ahead.

Sumsub's Website: sumsub.com

Sumsub's LinkedIn: linkedin.com/sumsub

Sumsub's Instagram: instagram.com/sumsubcom

Sumsub on X: x.com/Sumsubcom

Sumsub's YouTube Channel: youtube.com/@sumsubcom

Thomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniuk

Richard Bromley on LinkedIn: linkedin.com/in/richard-bromley-ica-dip-fcp-4b559a4a/

Hosted on Acast. See acast.com/privacy for more information.

“Fraud is no longer about convincing a human… it’s about feeding a system.”

Fraud is evolving fast. No longer limited to fake documents or stolen identities, today’s attackers are targeting the very infrastructure designed to stop them, exploiting workflows, reverse engineering systems, and operating at machine speed.

In this episode, we explore how fraud has shifted from human deception to system manipulation, and why traditional defences are struggling to keep up.

Our special guest this week is Maikel Ninaber, Head of Risk and Resilience for EMEA at Mastercard. Drawing on his experience breaking into systems as an ethical hacker and now defending them at scale, he shares how modern fraud attacks are designed, tested, and deployed.

From camera injection attacks and emulator farms to AI-driven fraud and reverse-engineered onboarding flows, this conversation reveals how criminal operations are becoming more structured, automated, and scalable. We also explore why layered defences, real-time detection, and cross-industry collaboration are critical, and what it takes for organizations to stay resilient in a world where fraud moves at machine speed.

Sumsub's Website: sumsub.com

Sumsub's LinkedIn: linkedin.com/sumsub

Sumsub's Instagram: instagram.com/sumsubcom

Sumsub on X: x.com/Sumsubcom

Sumsub's YouTube Channel: youtube.com/@sumsubcom

Thomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniuk

Maikel Ninaber on LinkedIn: linkedin.com/in/maikelninaber/

Hosted on Acast. See acast.com/privacy for more information.