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In this episode of FinTech Confidential Uncut, host Tedd Huff talks with Jeff Scheidel, VP of Operations at AuthID, about the rise of AI-driven fraud targeting financial institutions. They explore how deepfakes, voice cloning, and large language models are enabling scammers to impersonate executives, create synthetic identities, and build fake websites and phishing emails with alarming accuracy. Real cases include a $25 million loss from a deepfake video call and voice cloning scams using only seconds of audio.
The episode highlights the limitations of current security tools, such as facial recognition failing due to minor appearance changes, and the inefficiency of manual fraud reviews. Jeff explains how biometric systems using passive liveness detection and cryptographic keys offer stronger protection without storing facial data. The discussion makes clear that financial organizations must quickly adopt smarter authentication methods and better user education to stay ahead of rapidly advancing threats.
Takeaways
1️⃣ Stop Falling for Fake Customer Support
2️⃣ Watch How One Photo Fakes a Live Identity
3️⃣ Use Biometrics to Expose Deepfake Lies
4️⃣ Catch Scammers Building Fake Credit Profiles
5️⃣ Block Voice Scams Made in Under 5 Seconds
Links:
Jeff Scheidel
LinkedIn: https://www.linkedin.com/in/jeffscheidel/
authID
Website: https://www.authid.ai
LinkedIn: https://www.linkedin.com/company/authid
Twitter: https://twitter.com/authIDai
Facebook: https://www.facebook.com/authidai/
Instagram: https://www.instagram.com/authid.ai/
YouTube Channel: https://www.youtube.com/@authID-we-are-digital-identity
Fintech Confidential
Podcast: https://fintechconfidential.com/listen
Newsletter: https://fintechconfidential.com
LinkedIn: https://www.linkedin.com/company/fintechconfidential
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Facebook: https://www.facebook.com/fintechconfidential
Supporters
Skyflow – A zero trust data privacy vault API for secure data collection and compliance: www.skyflowsecure.com
Solvpath – AI-powered platform that reduces support tickets and guides users in real time: www.solvpath.com
Clearingworks – Unified accounts receivable platform for streamlined financial workflows: www.clearingworks.com
Hawk AI –...
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