Scams are becoming more sophisticated, but AI may now be the key to fighting back. At Money20/20 Europe in Amsterdam, Peter Griffin, Co-founder of Aviel Intelligence, joins us after winning the Money20/20 Startup Competition to discuss the growing global scam crisis and how technology is being used to protect consumers and financial institutions.
Peter explains how scams have evolved from simple fraud attempts into highly advanced operations powered by AI, social engineering, and psychological manipulation. Aviel Intelligence is taking a new approach by using “offensive AI” to target scammers themselves through AI-powered “honeybots” synthetic personas designed to engage with fraudsters, waste their time, and gather valuable intelligence about their methods, communication patterns, and financial networks.
By extracting real-time scam intelligence, Aviel helps banks, payment providers, regulators, and law enforcement identify fraudulent accounts before victims lose money. Peter shares how the company is already working with financial institutions across the UK, uncovering scam networks and helping prevent fraud at scale.