Parker & Lawrence’s  latest survey data suggests what many in the market already sense: financial crime is the risk domain where GenAI is producing the strongest financial upside. Financial crime is the top-ranked area of GenAI impact for almost a third of respondents, and half place it in their top three priorities for value creation. That reflects how quickly the economics of financial crime have outgrown legacy tooling.

Across studies, the same conclusion emerges: GenAI has collapsed the cost, effort and expertise required to create convincing fake documents, while dramatically increasing attack speed and volume. This has tipped the balance in favour of fraudsters, unless firms upgrade their detection capabilities. Identifying document fraud with AI is emerging as the most effective countermeasure.