Ep. 29 The AI vs. AI Fraud Arms Race Has Started | Soups Ranjan, CEO @ Sardine

Fraud is about to go fully autonomous. AI agents that buy stolen identities, open accounts, and drain them with no human involved. Soups Ranjan, founder and CEO of Sardine, has spent 20+ years fighting financial crime at Coinbase, Revolut, and now across ~400 institutions worldwide. He walks us through the AI-vs-AI arms race, a 250,000-account attack cracked in five minutes, and why you should always let a little fraud through.This episode is brought to you by Stifel Bank — trusted banking and venture debt partner for Sierra Ventures and Geodesic. Learn more at stifel.com.Chapters:(0:00) The "scamdemic": $1 trillion lost to fraud(1:47) 20 years fighting fraud: PhD, Coinbase, Revolut, then Sardine(5:38) Why crypto was the hardest fraud problem to crack(9:38) Deepfakes, phishing, and fully agent-run fraud(16:50) Risk-based onboarding and the 5-billion-device network(19:25) The 250,000 fake-account attack cracked in 5 minutes(22:40) Catching one fraudster across 30 banks(25:54) A machine-learning founder learns to sell to banks(41:05) Sanctions screening at 95% automation(46:57) Shipping fast without AI slopWhere to find Soups Ranjan:LinkedIn: https://www.linkedin.com/in/soupsranjan/Company: https://www.sardine.ai