Banks Must Act Like Interpol to Fight Fraud Networks

Artificial Intelligence & Machine Learning , Next-Generation Technologies & Secure Development , Video Banks Must Act Like Interpol to Fight Fraud Networks Joël Winteregg of Vyntra on How AI Is Industrializing Fraud at Unprecedented Scale Yamini Kalra • April 13, 2026     Credit Eligible Get Permission Joël Winteregg, CEO, Vyntra Generative artificial intelligence has handed a powerful new toolkit to fraudsters, creating a "paradise" for them, said Joël Winteregg, CEO of Vyntra, a fraud detection and prevention platform. Just as Interpol coordinates across borders to dismantle criminal networks, Winteregg said banks must shed their competitive instincts and operate as a unified intelligence network, because the fraud operations targeting them already do. See Also: Defending Identity in the Age of AI Attacks "Community scoring is like the Interpol of fraud prevention," he said. "The interaction, not just the AI models that are analyzing all the payment behavior, but the way you communicate with your customer - do you run second-factor authentication? Do you run a phone call? Do you run a few questions to your customers? It's starting to be a big differentiator," he said. In this video interview with ISMG, Winteregg also discussed: How the liability gap - with 85% of European fraud losses still absorbed by victims - is pushing regulators to mandate stronger bank accountability; Why convincing a customer mid-transaction that they are being scammed remains one of the hardest unsolved problems in fraud prevention; How anonymized, cryptographically protected account sharing can enable banks to collaborate. Winteregg co-founded NetGuardians, which he led for nearly two decades before its merger with Intix formed Vyntra. Earlier in his career, he worked as a network and software engineer at the Institute for ICT, where he focused on benchmarking open-source security management platforms and developing correlation engines for real-time event analysis.