Digital Fraud Threat Tests Foundation of Digital Economy
JAKARTA – The threat of fraud, projected to exceed $40 billion annually or approximately Rp 640 trillion (at Rp 16,000 per dollar), has become a serious test for the foundation of the digital economy, including in rapidly growing Southeast Asia.
The surge in online financial transactions and the penetration of digital financing services have indeed driven expansion of a new economy. However, simultaneously, security risks have intensified.
More than 80 per cent of financial institutions in the Asia-Pacific region now rely on Artificial Intelligence (AI) to detect and prevent fraud in real-time to maintain user trust.
“Trust is the foundation of the digital economy,” said Jefferson Chen, Co-founder, Group Chairman, and CEO of Advance Intelligence Group, in a press statement on Monday (2 March 2026).
“Without a system capable of managing risk accurately and in real-time, the existing growth will not be sustainable.”
Various industry studies show that AI-based systems can increase fraud detection rates to 90–95 per cent. At the same time, false positive rates can be reduced by 30–60 per cent, allowing more legitimate users to be approved without compromising security aspects.
From an operational perspective, automating onboarding and transaction monitoring can reduce the need for manual review by 40–70 per cent. Operating costs for fraud management teams can be cut by 30–50 per cent. This model creates space for expanding credit access more safely, precisely, and inclusively.
Advance Intelligence Group now operates in more than 80 global markets through two main business lines: ADVANCE.AI (B2B) and Atome Financial (B2C). Collectively, the company serves more than 58 million users and supports more than 1,000 corporate clients in the banking, fintech, and e-commerce sectors.
Atome Financial leverages the same data infrastructure and risk management to provide consumer credit services including Buy Now Pay Later (BNPL), digital credit cards, personal loans, and savings products.
In the final stage of global selection, Jefferson was chosen after going through a process with 15 companies from various countries and receiving six “YES” votes from international panellists.
As part of the Endeavor network, Jefferson will gain access to mentorship from global founders, operators, and investors.
Monika Rudijono, Managing Director of Endeavor Indonesia, expressed appreciation for this achievement.
“We are very proud to welcome Advance Intelligence Group as part of the Endeavor community,” said Monika.
“Amid the global development of AI technology, we believe Jefferson will not only gain access to mentorship from the Endeavor network worldwide, but can also become a peer to other founders in supporting their startup journeys and enabling faster business scaling.”
With Jefferson joining as an Endeavor Entrepreneur, Advance Intelligence Group is expected to expand cross-country collaborations and accelerate the development of AI solutions that support more secure and sustainable digital economy growth.