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, ...

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 ...

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According to a recent industry survey, nearly three-quarters of financial institutions still manually check a significant portion of their income documents for fraud, with many reviewing up to half of ...

One area of focus for the bank is using advanced artificial intelligence to detect business-email compromise. In Ryan Schmiedl's work protecting JPMorgan Chase from fraud of all kinds, business-email ...

Fraud detection is no longer enough to protect today’s financial ecosystem. As digital transactions increase in volume and complexity, banks require intelligent systems that can assess risk with ...

Remote online notarization (RON) firm Proof has launched an artificial intelligence (AI)-powered fraud detection tool called Defend. According to the company’s announcement on Tuesday, the tool is ...

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 ...

Passwords still guard much of digital banking, but they are no longer strong enough on their own. A stolen login, a phished one-time password, or a rented account can make a fraudster look like a real ...

Business fraud is real. According to a report by the Association of Certified Fraud Examiners, “U.S. Businesses will lose an average of 5% of their gross revenues to fraud.” One of the most common ...

In August, German banks froze over €10 billion in PayPal payments due to suspected fraud, a disruption that underscored the scale of growing financial security concerns. If even long-standing, trusted ...