The opening day of Money20/20 USA featured significant announcements from Wells Fargo, Starling Bank, and Anthropic, focusing on AI-driven solutions for fraud prevention and banking modernization. Key discussions included strategies for integrating AI across banking functions and tools designed to combat marketplace fraud.

Trulioo has launched upgrades to its identity verification platform, focusing on fraud prevention and user experience. New features include advanced document verification, biometric authentication, and a risk intelligence layer for businesses, all powered by AI. These improvements aim to help organizations navigate regulatory challenges and evolving fraud tactics.

Informed.IQ has raised $63 million to enhance its AI-driven tools for fraud prevention and loan verification. The funding will support expansion into areas like mortgage lending and tenant screening, leveraging a vast dataset to streamline the verification process for lenders.

Feedzai, a Portuguese FinTech specializing in AI-driven financial crime prevention, has raised $75 million, boosting its valuation to over $2 billion. The funding round included new and existing investors and will support the company's continued innovation in fraud detection and prevention technologies.