Traditional rule-based systems, once sufficient for detecting simple patterns of fraud, have been overwhelmed by the scale, ...

A new academic study argues that fraud detection systems must evolve beyond accuracy-focused prediction tools into ...

How can artificial intelligence help detect fraud? Artificial Intelligence can play a crucial role in fraud management by detecting and preventing fraudulent activities. The global average rate of ...

The Federal Reserve is racing to contain a new kind of systemic risk, one that does not start with bad loans or exotic ...

The Treasury says it identified or recovered $4 billion in fraudulent payments last fiscal year, a sixfold increase over the previous year. Reading time 2 minutes The U.S. Department of the Treasury ...

Overview AI in banking boosts efficiency, productivity, and customer service with advanced automation and analytics.Financial institutions deploy AI-powered fra ...

In today’s digital world, fraud has become more complex, which means we need smarter ways to detect and prevent it. Generative AI helps with this by looking at large amounts of data in real-time, ...

Kinil Doshi is a Senior VP at Citibank and a fintech expert in banking compliance and risk management with two decades of experience. In this article, I want to explore AI applications in fraud ...

With AI technology, payment fraud and fraud prevention have become more complex and sophisticated. Both financial data owners and businesses that accept illegal payments are directly affected by ...

AI continues to gain momentum, and according to a recent report by Accenture, the technology is predicted to add $1.2 trillion in value to the financial sector by 2035. As the head of a platform that ...

The modern workplace presents complex security challenges that extend beyond traditional cyber perimeters. While organizations invest heavily in ...