ML

Seven in 10 Financial Institutions Use AI and ML to Combat Fraud

Seven in 10 Financial Institutions Use AI and ML to Combat Fraud
Seven in 10 Financial Institutions Use AI and ML to Combat Fraud
March 26, 2024  |  Cybersecurity

Recently, PYMNTS sat down with an array of experts and innovators in the artificial intelligence (AI) field to get their thoughts on how the technology...

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Ateliere Establishes AI Advisory Council for Media Software Solutions
Ateliere Establishes AI Advisory Council for Media Software Solutions
March 20, 2024  |  Artificial Intelligence

Ateliere Creative Technologies has established an AI Advisory Council to help it develop a road map for adding generative artificial intelligence (GenAI) and machine learning...

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New Data: FIs Cooling on Open Banking but Still on Course for Real-Time Payments
New Data: FIs Cooling on Open Banking but Still on Course for Real-Time Payments
February 26, 2024  |  Fraud Prevention

Open banking is transforming the banking industry. It grants third-party FinTechs access to the financial data and funds traditional financial institutions (FIs) manage. Doing so...

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Half of FIs Rely Entirely on External Data Encryption Tools to Detect Fraud
Half of FIs Rely Entirely on External Data Encryption Tools to Detect Fraud
February 08, 2024  |  Fraud Prevention

Over 40% of financial institutions (FIs) have reported higher-than-average volumes of fraud and financial crime, according to insights detailed in “FIs Depend on AI/ML Partners...

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APP Fraud in Focus as Digital Tools Redefine Prevention Tactics
APP Fraud in Focus as Digital Tools Redefine Prevention Tactics
February 06, 2024  |  Cybersecurity

The widespread adoption of person-to-person (P2P) payment apps and services has fueled a surge in credit-push payment volume, a trend that has been further accelerated...

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Ransomware Attacks Spotlight Need for FIs to Gauge Third-Party Risk 
Ransomware Attacks Spotlight Need for FIs to Gauge Third-Party Risk 
January 24, 2024  |  Cybersecurity

The fraudsters grow ever-wilier, the attacks more brazen. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

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Emerging Market FinTechs Poised to Drive Innovation and Inclusion in 2024
Emerging Market FinTechs Poised to Drive Innovation and Inclusion in 2024
December 28, 2023  |  Fintech Investments

In 2023, the FinTech landscape experienced a transformative surge of innovations, reshaping financial technology from its core. These advancements, spanning cutting-edge technologies and the evolution...

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Good vs. Bad: Fraud Losses at FIs Up 65% as Both Sides Turn to AI
Good vs. Bad: Fraud Losses at FIs Up 65% as Both Sides Turn to AI
December 14, 2023  |  Banking

Fraud and financial crime remain challenging for financial institutions (FIs), even as fraud rates have remained high for many of them in 2023 relative to...

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