Open AI’s Sam Altman warns AI voice clones may trigger banking fraud crisis, urges banks to ditch voice authentication for ...

Real-Time Fraud Detection — How AI Keeps Watch. Banks process millions of transactions per day. For instance, the Bank of America app alone had almost 1 billion digital client logins in July 2022.

Embedding AI Into Processes. Geopolitical instability and economic downturns can create opportunities for fraud and financial exploitation. To combat risk, banks use AI-powered fraud detection to ...

Sam Altman, the founder and CEO of OpenAI, said the rapidly growing capabilities of AI are rendering many of banks' fraud ...

AI has made scam artists much more powerful - but the technology also offers solutions to the very problems it's exacerbating ...

It’s getting scarily easy to create an AI soundalike to fool your banks or loved ones. We need industry and government to fix ...

Just as cloud computing is now a part of modern IT architecture, the same will soon be true for generative AI. Generative AI ...

Fraud detection requires leveraging new tools and models to keep ahead of increasingly sophisticated fraud. Financial institutions use AI to detect and prevent billions of dollars of fraud each year ...

Banks use AI to fight fraud, but they face “more obstacles in ensuring it’s ethical and transparent, ... AI is used for “scam detection (50%), transaction fraud (39%), ...

A new report by Accenture has revealed that only 10 per cent of banks in the Asia-Pacific (APAC) region are adequately ...

Zest AI integrates credit decisioning & fraud detection into Temenos loan origination solution Wednesday, Apr. 30, 2025, 10:51 AM SubPrime Auto Finance News Staff ...