Pay360 brought together leaders from across payments, banking, fintech and regulation to discuss the forces shaping the future of the industry. While the agenda spanned everything from instant payments to infrastructure interoperability, I found one theme apparent: financial crime is becoming more connected, more complex and increasingly difficult to address in isolation.
I was pleased to attend Pay360 where discussions across the conference highlighted how they industry is bringing together people, technology and data to keep pace with evolving risk. Three key takeaways stood out.
1. The Power of a Unified View of Financial Crime
Fraud and financial crime no longer sit neatly within individual channels or teams. At Pay360, speakers repeatedly highlighted how scams, fraud and money laundering intersect at speed across payment types, products and customer touchpoints.
This growing interconnectedness makes fragmented solutions hard to sustain. Managing fraud, AML and compliance as separate disciplines reduces visibility, slows investigations and places additional strain on already stretched teams. Instead, many financial institutions are moving towards a unified approach that provides a consolidated view of risk across the enterprise — FRAML.
A single, integrated platform helps teams connect signals across fraud and AML, apply richer context during investigations, and make decisions with a clearer understanding of customer and transaction behaviour. As financial crime continues to converge, alignment across functions is becoming less of a competitive advantage and more of a practical necessity.
2. Industry-Wide Collaboration is Essential
Another strong theme at Pay360 was the recognition that no institution can fight financial crime alone. Criminals collaborate, reuse tactics and adapt quickly — and many conference discussions reflected the view that the industry must respond in kind.
Consortium-based approaches enable financial institutions to benefit from shared intelligence, helping to identify patterns and typologies that may not be visible within a single institution’s data. With greater visibility into risk and suspicious activity, financial institutions can improve detection, reduce false positives and better respond to emerging threats.
What was particularly clear at Pay360 is that consortium intelligence is no longer viewed as optional or experimental. It is increasingly seen as a core component of modern financial crime programmes, supporting a more collaborative and resilient approach to prevention across the industry.
3. AI is Reshaping Anti-Financial Crime Teams
Artificial intelligence featured prominently throughout the Pay360 agenda, particularly in sessions focused on financial crime operations. While machine learning has been part of detection strategies for some time, the conversation is now shifting towards more advanced, agentic AI capabilities.
Agentic AI can support investigators by handling routine tasks, prioritising alerts and guiding workflows — helping teams operate more efficiently without compromising rigour or oversight. Importantly, the discussion was not about replacing human judgement but rather enabling it.
By reducing manual effort and streamlining investigations, AI allows financial crime teams to refocus their time on higher value work, including complex cases, emerging risks and strategic oversight. As regulatory expectations continue to evolve and transaction volumes increase, this rebalancing of effort is becoming essential.
Looking Ahead
Pay360 reinforced that financial crime prevention is at an inflection point. The challenges facing the industry are becoming more connected, more collaborative and more resource intensive — and the responses must evolve accordingly.
Unified FRAML platforms, consortium intelligence and agentic AI are not isolated trends. Together, they point towards a future where financial institutions are better connected, more efficient and more resilient in the face of rapidly changing risk. Progress in financial crime prevention will depend not just on technology, but on how effectively the industry works together to apply it.
For more on the financial crime trends and technology in the United Kingdom, watch our recent webinar.
About the Author:
MANSOOR AHMED QURESHI
Product Expert
Mansoor Ahmed Qureshi is an expert in Cloud technologies at Nasdaq Verafin. Based in London, he brings nearly 20 years of progressively senior experience in the SaaS technology space to help financial institutions in Europe, the Middle East and Africa fight financial crime. Mansoor brings a strong client‑focused approach to his role, partnering closely with stakeholders across the region to address complex risk and compliance challenges.
