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 ...

Traditional techniques for identifying and countering GenAI-enabled vehicle insurance fraud are notably limited, especially ...

Explore how AI is transforming risk management in banking, enhancing credit assessments and compliance automation, while ...

OpenAI's top executive is warning that artificial intelligence is about to supercharge bank fraud at a scale the financial ...

Recent analyses reveal that artificial intelligence, intended as a tool for combating financial fraud, is instead amplifying risks by enabling more advanced scams and eroding trust in financial ...

UAE Cybersecurity Council highlights rising AI-enabled fraud risk, warning that advanced phishing now accounts for over 90 ...

Financial institutions can stay ahead of deepfake fraud by treating onboarding and authentication as a single attack surface.

The financial consequences affect nearly everyone: 99% of organizations report fraud losses from AI-enabled attacks in the past year, with an average of $414,000 per organization. One-third of ...

Overview: As banks accelerate digital transformation, ‘Know Your Customer’ processes are rapidly evolving. Traditional, ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. This form of manipulation is one of the fastest-growing threats facing ...

Banks should take a page from the health sciences' playbook and use artificial intelligence to "nudge" consumers away from transactions that have the characteristics of known fraud schemes, writes ...

The fraud and risk-management landscape is entering its most transformative era in more than a decade, explains Frogo CEO ...