News and analysis on the global fight against fraud
In the ever-evolving landscape of technology, artificial intelligence (AI) has become a powerful tool with the potential to revolutionize industries and streamline processes. However, like any tool, AI can be wielded for malicious purposes. Fraudsters are increasingly leveraging AI to enhance the efficiency and sophistication of their scams.
Read MoreArtificial intelligence (AI) is rapidly changing the world, and India is no exception. AI is being used in a variety of industries, including finance, healthcare and retail. It is also being used to create new forms of fraud, which are becoming more sophisticated and difficult to detect.
Read MoreArtificial intelligence (AI) itself is not inherently fraudulent. AI is a field of computer science that focuses on the development of computer systems that can perform tasks that typically require human-like intelligence, such as learning, problem solving and decision making. AI technologies are used in a wide range of applications, including speech recognition, language translation and image recognition.
Read MoreWhile many industries have adopted artificial intelligence (AI), mostly in the tech sector, it’s adoption rate in financial services has been relatively slow. Even though AI is far from a pipe dream, 76% of banking CXOs agree that adopting AI will be critical to differentiate in the market, the technology tends to conjure up images of sci-fi movies, with ambitious computers replacing humans. The reality of AI is much more collaborative and effective.
Read MoreAs the world witnesses a surge in fraud incidents, leveraging artificial intelligence (AI) for fraud detection could be the key to saving millions of dollars in financial fraud losses. Organizations worldwide are increasing their investment in AI-based fraud detection solutions, indicating that the industry is bullish on the capabilities of AI in fraud.
Read MoreNews and analysis on the global fight against fraud.
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