AI transforms digital wallets from transaction processors into intelligent systems. Instead of enforcing fixed rules, machine learning models evaluate context like user behavior, device ...

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, ...

HealthEquity reports 90%+ reduction in voice fraud after deploying real-time AI fraud detection and passive authentication ...

Massachusetts is among the worst states in the country in fraud detection, an expert says, as several public benefits fraud ...

Ever find your palms sweating as you enter your payment info into a merchant site you’ve never used before? It’s a natural response; few financial details are more important than your payment methods ...

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 ...

Most organisations focus first on detecting document fraud: building teams and tools to identify suspicious files once they have entered operational workflows. Detection has an obvious role, but it is ...

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 ...

Last year, Deloitte, a financial auditing and consulting firm, reported an instance where a Hong Kong company sent USD 25 million to a fraudster who was using deepfake technology to impersonate the ...

Fraud is an insidious and growing problem in the transportation industry. From phishing scams and identify theft (impersonating reputable carrier brands) to data spoofing (misrepresenting driver ...