Generative AI is now at the centre of fraud strategy in digital banking. What began as an efficiency tool has quickly become a frontline defence, as banks are forced to confront a new reality: fraud ...

About 87.5% of Nigerian fintech companies now deploy artificial intelligence (AI) for fraud detection, highlighting how risk ...

Equifax Inc. early Friday launched an application to identify synthetic identity fraud. The app, known as Synthetic Identity Risk, uses artificial intelligence to analyze identity data, credit ...

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, ...

Fannie Mae announced on Wednesday that it has partnered with Palantir Technologies to develop a new artificial intelligence (AI)-powered fraud detection system. Palantir’s shares traded 1.39% higher ...

Riskified's Adaptive Checkout tool uses AI to reduce fraud and false declines for merchants. The AI tool helped TickPick, an online marketplace, approve more orders and increase revenue. This article ...

Forbes contributors publish independent expert analyses and insights. Writes about the future of finance and technology, follow for more. Let us have a closer look at the way AI is revolutionizing ...

When most people think about Fair Isaac (NYSE: FICO), one phrase comes to mind: credit scores. For decades, the FICO Score has been the banking industry's chief tool for evaluating consumer ...

The Global Online Fraud Detection Market Size is projected to grow at a CAGR of 24.2% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the ...

The global banking sector has made substantial investments in Artificial Intelligence (AI), driven by the promise of enhanced operational efficiencies, sophisticated fraud detection capabilities, and ...

Banks should take a page from the health sciences' playbook and use artificial intelligence to "nudge" consumers away from transactions that have the characteristics of known fraud schemes, writes ...