News with the tag "fraud detection"

The advent of generative AI has made it easier for scammers to target crypto and other real-time payment systems.

Many financial institutions are struggling to keep up with the rising sophistication of AI-driven fraud, creating a critical need for enhanced detection and prevention methods.

In the ongoing battle against fraud in payment networks, the integration of data analytics and artificial intelligence (AI) has emerged as a pivotal strategy. Termed as “AI-Powered Fraud Detection,” this technological advancement has enabled payment providers to proactively tackle first-party fraud ...

In a transformative era driven by artificial intelligence, the American Banker’s AI Summit emerged as a pivotal event, offering a glimpse into the strategies and challenges faced by banking institutions as they harness the power of AI. As financial entities grapple with the evolving landscape, the s...

AI can contribute to fraud management by detecting data anomalies, identifying fraudulent behavior patterns and automating fraud detection processes.