By the Numbers: 57% of banks using AI for AML and KYC processes
Digital fraud skyrocketed 233% between 2019 and 2021, surpassing digital transaction growth
As fraudsters continue to adapt and scale their attacks, more than half of all banks are now leveraging artificial intelligence (AI) to fight back. Fifty-seven percent of banks are using AI to beef up their anti-money laundering (AML) and Know Your Customer (KYC) processes, according to a report released last week by IT consultancy NTT […]
