Mind the Fraud Gap

Combating fraud in the age of instant payments

The introduction of the mandatory SEPA Instant Payment Scheme on April 4th, 2024, has kicked off the far-reaching transformation of the European payments landscape.

In October 2025, a new milestone has been achieved. Credit institutions in the Eurozone must now allow their customers to send and receive payments instantaneously.

While this new era for payments promises unprecedented speed and accessibility for consumers, it also increases the exposure of institutions and their customers to fraud. The irrevocable nature of instant payments and the rise of AI-driven scams require financial institutions to modernise their fraud prevention and detection strategies and frameworks.

This report explores the regulatory, operational, and technological challenges of instant payments, and reveals how financial institutions can modernise their anti-fraud frameworks, leveraging AI, real-time analytics, and collaborative intelligence sharing, to protect their customers and maintain the integrity of the financial system.

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Download the full whitepaper

How can KPMG help?

We can support financial institutions to combat payment fraud through a comprehensive offering that is focused on protecting institutions and their customers from heightened vulnerability to fraud while ensuring regulatory compliance and maintaining a positive customer experience.

Health check
- Rapid, structured review of your current fraud controls, data, and operating model across the whole payment journey
- Benchmarking against regulatory requirements and peer organizations to provide a comprehensive view of your strengths and vulnerabilities
- Delivers a clear list of gaps, actionable recommendations, and a high-level remediation roadmap
- Equips you with the clarity and direction to move beyond basic compliance and build sustainable, resilient fraud prevention
Control design
- Designs and implements robust, future-ready controls tailored to your unique risk profile and business needs
- Establishes a solid control framework to proactively manage and mitigate fraud
- Leverages advanced data enrichment and AI-driven solutions to maximize effectiveness and ensure regulatory alignment
- Enables compliance and a consistently safe, seamless customer experience
Deliver with AI
- Expert support for the delivery and transformation of intelligent, scalable fraud prevention systems powered by AI
- Trusted AI team ensures your solutions are ethical, secure, and compliant with regulatory standards
- Focuses on customer protection and operational agility, moving your organization from readiness to resilience
- Empowers your business to thrive in the era of real-time payments while maintaining trust and regulatory confidence