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 ...

Anura identified and successfully mitigated a new form of Sophisticated Invalid Traffic (SIVT) that uses artificial ...

Digitalisation has rapidly changed the face of industry and business. Businesses have increasingly integrated modern technologies into their operations to improve real-time activity. However, ...

DataVisor, the world’s leading AI-powered fraud and risk platform, today announced that it has been selected as winner of the “AI-based Fraud Prevention Solution of the Year” award in the 8th annual ...

Blockchain analysis giant Chainalysis Inc. said today that it has acquired the Israeli startup Alterya Inc., which develops an artificial intelligence detection solution to beat financial scammers and ...

The surge in digital payments and mobile banking has transformed financial services but it has also expanded the fraud landscape. Traditional, rule-based fraud detection methods are increasingly ...

Mastercard is using AI to help detect and prevent credit card fraud. The company says the tech can flag unusual patterns and block fraudulent transactions. This article is part of "AI in Action," a ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. More than 50% of fraud involves the use of artificial intelligence.

The advent of generative AI has made it easier for scammers to target crypto and other real-time payment systems. Blockchain analytics firm Chainalysis has made its first foray into artificial ...

The future of banking will see core bank systems rebuilt around artificial intelligence tools that inform decisions about ...

Forensic analysis has become a cornerstone in the fight against financial fraud, combining accounting, auditing, and investigative skills to uncover and prevent fraudulent activities. As financial ...