Financial institutions are clamping down on fraud by deploying AI tech ahead of holiday season. Digital payments and check payments are both under threat as gen AI has given fraudsters new ways to commit fraud, for example deepfakes and check washing, Tim Vanderham, chief…
Read more Featurespace develops gen AI-driven fraud-fighting techMidSouth Bank has tapped AI-driven dispute-management provider Casap to enhance its operational efficiency and weed out fraudulent claims. Casap’s AI-driven solution helps the $730 million bank in registering a…
Read more MidSouth Bank sees fraud loss ratio drop 51% with Casap’s AI techThe European Central Bank is tapping fraud mitigation service provider Feedzai to secure its upcoming payment channel, the digital euro. The Lisbon-based Feedzai’s proprietary AI model will help…
Read more European Central Bank taps Feedzai’s AI tools for fraud, AML detectionGreylock Federal Credit Union has selected Alkami to improve its digital banking offerings. The $1.5 billion credit union will implement the Alkami Digital Banking Platform to provide online…
Read more Greylock FCU selects Alkami | Bank Automation NewsAnti-fraud and anti-money laundering companies are looking to AI to increase the efficiency of their detection models as digital fraud becomes more pervasive. Account takeovers using stolen credentials…
Read more ATO losses may exceed $635B in 2023 | Bank Automation NewsPlaid is looking to fight fraud with its Thursday launch of a network-based tool to help financial institutions take a collective approach to a problem that cost consumers…
Read more FIs share fraud-fighting insights with Plaid solution | Bank Automation News
