Bank fraud has risen 70% in a year, costing $5.8 billion, prompting banks to adopt AI for enhanced fraud detection.

Swift, the cooperative at the center of global financial messaging, has revealed the results of groundbreaking experiments ...

Tax fraud is a persistent global challenge, with annual losses surpassing USD 1 trillion in corporate tax revenue alone. The ...

With industries under constant threat due to the growing severity and sophistication of cyberattacks, artificial intelligence ...

Expert Knowledge Systems are computer systems that encode domain expertise into decision rules. In financial contexts, EKS ...

The federal government’s bet on using artificial intelligence to fight financial crime appears to be paying off. Machine learning AI helped the US Treasury Department to sift through massive amounts ...

As fraudsters deploy more sophisticated methods, fintechs are increasingly turning to Artificial Intelligence (AI) to ...

Recently, Xiamen Meiya Yian Information Technology Co., Ltd. announced that it has obtained a patent for a "Platform and Method for Automatic Detection of Enterprise Fraud Based on Artificial ...

Blockchain analysis giant Chainalysis Inc. said today that it has acquired the Israeli startup Alterya Inc., which develops an artificial intelligence detection solution to beat financial scammers and ...

When most people think about Fair Isaac (NYSE: FICO), one phrase comes to mind: credit scores. For decades, the FICO Score has been the banking industry's chief tool for evaluating consumer ...