Research published in the International Journal of Information and Communication Technology suggests that machine learning tools might be used to detect and so combat financial fraud. According to ...

In today’s rapidly evolving digital landscape, fraud and financial crime have become increasingly complex and create pervasive issues for organizations of all sizes and specialties. As a result, ...

The federal government’s bet on using artificial intelligence to fight financial crime appears to be paying off. Machine learning AI helped the US Treasury Department to sift through massive amounts ...

In an increasingly digital financial landscape, fraud is evolving in both scale and complexity. Financial institutions from global banks to nimble fin-techs face constant threats ranging from payment ...

The Fast Company Executive Board is a private, fee-based network of influential leaders, experts, executives, and entrepreneurs who share their insights with our audience. BY Matt Swann The rise of ...

Visa is using artificial intelligence and machine learning such as risk scoring to counter fraud, the firm said. "We look at over 500 different attributes around [each] transaction, we score that and ...

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 ...

A man stands next to an AI (artificial intelligence) logo at the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona on February 27, 2024. In the realm of ...

Online fraud is spiraling, costing businesses tens of millions each year, and financial institutions are waking up to the reality that fraud is no longer just a compliance issue or a customer service ...

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 ...