Traditional rule-based systems, once sufficient for detecting simple patterns of fraud, have been overwhelmed by the scale, ...

In the face of escalating fraud, banks are increasingly relying on artificial intelligence (AI) to safeguard their operations. A recent study by PYMNTS reveals that a remarkable 98% of acquiring banks ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Leveraging insights from hundreds of financial institutions across four ...

Explainable AI plays a central role in validating model behavior. Using established explainability techniques, the study examines which financial variables drive fraud predictions. The results show a ...

Fannie Mae announced a big step in bolstering its mortgage antifraud efforts: the GSE has launched a new Crime Detection Unit that'll be powered by software from government AI technology firm Palantir ...

The most convincing media you see online could be an AI-generated fake. Last May, nefarious marketers used deepfake tech to steal the likenesses of famous people, running ads online and making it ...

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 ...

Amber Nigam is CEO and cofounder of basys.ai, a Harvard-based company streamlining prior authorization for health plans with agentic AI. In 2023, the U.S. spent $4.9 trillion on healthcare, almost one ...

UK Finance noted that when we imagine the future of fraud, it can be quite easy to picture Hollywood-type chaos: sophisticated deepfake heists, so-called AI super-hackers, and trust in digital ...

India’s digital payments landscape has witnessed exponential growth, with over 18,000 crore transactions recorded in 2024-25. UPI transactions alone surged by 137 percent to ₹200 trillion in 2023-24.

If we compare the insurance industry to the human body, sales would be the heart pumping blood, while claims management would function as the immune system. Without a proper response from the immune ...