ReportWire

Tag: auto finance news

  • AI contributes to 25% rise in fraud losses

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    AI-assisted fraud rings are contributing to a rise in losses at financial institutions such as credit unions.   Fraud losses reported by consumers in the United States rose 25% year over year in 2024 to $12.5 billion, with investment scams accounting for $5.7 billion, up 24% YoY, according to Federal Trade Commission data.  The jump is due in part to fraudsters […]

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    Amanda Harris

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  • Auto lenders talk AI decisioning | Bank Automation News

    Auto lenders talk AI decisioning | Bank Automation News

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    LAS VEGAS — Financial institutions have used AI in varying capacities for decades, but recent enhancements to the technology have auto lenders looking to it for decisioning, automation, communication and consistency within their operations.  In a discussion of the implications of AI in decisioning at Auto Finance Summit 2023 today, the following auto lenders weighed […]

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    Whitney McDonald

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