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Posts Tagged 'AI'

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Artificial Intelligence is Transforming Financial Crime Prevention

The rise of digital transactions has led to an increase in opportunities for financial fraud, as fraudsters constantly develop new tactics. According to American Banker, there were 1.1 million consumer complaints about fraud during the first half of 2024. Artificial intelligence (AI) provides faster and more accurate solutions, improving banks' and other institutions' ability to detect fraudulent activity in real time.

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