Traditional rule-based systems, once sufficient for detecting simple patterns of fraud, have been overwhelmed by the scale, ...

Fraud in payments is growing more sophisticated, forcing payment service providers (PSPs) to rethink their defenses. Today’s fraudsters are even leveraging AI tools to scale attacks and evade ...

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 ...

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

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 ...

The Fast Company Executive Board is a private, fee-based network of influential leaders, experts, executives, and entrepreneurs who share their insights with our audience. BY Matt Swann The rise of ...

A surge in digital payment technologies has been paralleled by an equally rapid increase in credit card fraud. This research field explores multifaceted approaches that combine advanced analytics, ...

Devon Marsh, managing director, ACH network rules and risk management, National Automated Clearing House Association Fraudsters are constantly finding new ways to scam victims and operate under the ...

RIZAL Commercial Banking Corporation (RCBC) has strengthened its fraud detection and cyber risk management systems as ...

Recently, I came across an article about an attempted deepfake scam involving Ferrari CEO Benedetto Vigna. In the scam, fraudsters used AI-generated content to impersonate Vigna and initiate a call ...