The COMPASS experiment recently discovered a new isovector resonance-like signal with axial-vector quantum numbers, the $a_1(1420)$, decaying to $f_0(980)pi$. With a mass too close to and a width smaller than the axial-vector ground state $a_1(1260)$, it was immediately interpreted as a new light exotic meson, similar to the $X$, $Y$, $Z$ states in the hidden-charm sector. We show that a resonance-like signal fully matching the experimental data is produced by the decay of the $a_1(1260)$ ground state into $K^ast(Kpi)bar{K}$ and subsequent rescattering through a triangle singularity into the coupled $f_0(980)pi$ channel. The amplitude for this process is calculated using a novel method based on partial-wave projections. For the first time, the triangle singularity model is fitted to the partial-wave data of the COMPASS experiment. Despite having less parameters, this fit shows a slightly better quality than the one using a resonance hypothesis and thus eliminates the need for an additional resonance in order to describe the data. We thereby demonstrate for the first time that a resonance-like structure in the experimental data can be described by rescattering through a triangle singularity, providing evidence for a genuine three-body effect.
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