13 Oct AfA new AI-powered application allows early detection of potential financial frauds.

Press release

October 13, 2026

A new AI-powered application allows early detection of potential financial frauds.

An AI-powered application developed by an Italian company, market leader in credit risk solutions and business intelligence in South-Eastern Europe, allows the early detection of potential financial frauds by bringing together data, analytics, and fraud intelligence to help institutions stay ahead of evolving threats.

The ecosystem behind the application developed by CRIF Group and named Smart Catcher, combines more than 40 data sources, over 100 advanced algorithms, and continuous fraud and cyber intelligence observatories, with millions of frauds, and cyber alerts analysed every year. Smart Catcher is aligned with ISO 27001 security standards, is supported by group-wide data protection governance structures and is built to evolve alongside banking and AI regulatory frameworks.

“Financial institutions are under increasing pressure to deliver fast, fully digital onboarding experiences. At the same time, the barriers to financial fraud are lower than ever. Generative AI and easily accessible digital tools are making it simpler to forge payslips, bank statements, and identity documents at scale, creating new challenges for lenders that need to balance speed, customer experience, and risk control. Effective protection requires a layered approach that combines multiple signals, advanced technologies, and domain expertise to identify inconsistencies before they turn into operational or credit risks”, explains Theodoros Polydoros, Executive Director, ICAP CRIF Romania.

SMART CATCHER applies a holistic methodology that brings together complementary signals to detect documents altered with traditional editing tools as well as content created or modified with GenAI and supports the entire document value chain—from acquisition, quality checks, and automated classification to data extraction and fraud signal generation.

ICAP CRIF supports companies in all fields, as well as banks and other regulated entities, with data, analytics, and compliance solutions that help them identify risks more effectively, improve onboarding processes, and meet evolving regulatory requirements with confidence.

ICAP CRIF is part of the CRIF group, the market leader in credit risk solutions and business intelligence in South-Eastern Europe, which provides integrated expertise in the markets of Greece, Romania, Bulgaria and Cyprus.

ICAP CRIF provides innovative solutions structured in five main areas: business intelligence and credit risk management, rating services, marketing and sales solutions, advanced data technologies and analytics, as well as consulting services. Through these, the company supports organizations in strategic decision-making, risk assessment and sustainable development.

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