Under Sumsub's Second Annual Fraud Prevention Roadshow in LATAM, we organized an exclusive conference that brought together compliance leaders, fintech operators, and regulators to tackle one of the defining challenges of the moment: how do you defend against AI-powered fraud with the tools — and the regulatory frameworks — that currently exist?
The Panel
The expert panel featured voices from across the region's fintech ecosystem:
- Ignacio Giraldo — RappiPay
- Juanita Rodriguez — Bitso
- Johanna Polania — Monnet
- Gabriel Santos — Colombia Fintech
The conversation was direct: AI-based threat vectors are evolving faster than compliance teams can adapt. Deepfake identity verification attacks, synthetic identity fraud, and automated credential stuffing are no longer hypothetical — they're operating at scale against LATAM's fastest-growing digital financial institutions.
The Core Insight
The clearest consensus from the room: AI-based threats require AI-based defenses. Rule-based fraud detection systems that were state-of-the-art five years ago are now being systematically gamed. The fintechs that are staying ahead are the ones treating compliance infrastructure as a product — iterating continuously, investing in machine learning, and sharing threat intelligence across industry lines rather than treating fraud prevention as a competitive moat.
The regulatory dimension adds complexity. Compliance requirements vary significantly across LATAM jurisdictions, and the absence of a harmonized framework for AI use in financial services means each operator is navigating the tension between innovation and risk management largely on its own.
The evening closed with a networking dinner and cocktails — because the informal conversations that follow a session like this are often where the most useful thinking happens.
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