In the face of escalating fraud, banks are increasingly relying on artificial intelligence (AI) to safeguard their operations. A recent study by PYMNTS reveals that a remarkable 98% of acquiring banks ...

Digitalisation has rapidly changed the face of industry and business. Businesses have increasingly integrated modern technologies into their operations to improve real-time activity. However, ...

The surge in digital payments and mobile banking has transformed financial services but it has also expanded the fraud landscape. Traditional, rule-based fraud detection methods are increasingly ...

Artificial Intelligence has quickly become among the most disruptive technologies in the contemporary financial systems. In ...

DataVisor, the world’s leading AI-powered fraud and risk platform, today announced that it has been selected as winner of the “AI-based Fraud Prevention Solution of the Year” award in the 8th annual ...

The future of banking will see core bank systems rebuilt around artificial intelligence tools that inform decisions about ...

Mastercard is using AI to help detect and prevent credit card fraud. The company says the tech can flag unusual patterns and block fraudulent transactions. This article is part of "AI in Action," a ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. More than 50% of fraud involves the use of artificial intelligence.

Forensic analysis has become a cornerstone in the fight against financial fraud, combining accounting, auditing, and investigative skills to uncover and prevent fraudulent activities. As financial ...

Blockchain analysis giant Chainalysis Inc. said today that it has acquired the Israeli startup Alterya Inc., which develops an artificial intelligence detection solution to beat financial scammers and ...

Key insight: Community banks may be able to benefit from the enormous buildup of AI capacity, as the cost of AI-based fraud detection falls. What's at stake: Criminals' use of AI-generated deepfakes ...