Synthetic identities both friend and foe in anti-fraud processes
While bad actors are creating synthetic identities to commit fraud and launder money, FIs can use synthetic identities that they...
FinCEN assesses $125M penalty against UBS
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network has assessed a $125 million penalty against UBS Financial Services...
FIs need to educate consumers about AI-supported fraud
AI can remove tell-tale signs of imposter scams such as poor grammar and typos, making education for consumers more important...
Fortinet’s billing for AI-driven security operations grows 25% in Q2
Cybersecurity and networking firm Fortinet is enhancing its products to meet evolving needs as AI grows in sophistication and scope....
BBVA takes next step in deploying AI agents at scale
BBVA is working to create, deploy and manage AI agents at scale — a vital step in the Spanish bank’s...
Deutsche Bank deploys AI to simplify business operations, structure
Deutsche Bank is capitalizing on AI’s rapid evolution to deliver better value to clients and create additional cost savings through...
Retaining the human component as AI combats fraud
While increased AI implementation across the financial services industry has led to a reduction in customer support employees, the roles...
Inetco launches agentic AI fraud investigation tool
Fintech Inetco last week launched an agentic AI tool to examine potential fraud cases and determine whether a human investigator...
Finance, tech relationships help Valley Bank identify best AI use cases
Valley Bank is utilizing its relationships across the finance and technology industries to find the best AI applications to improve...
Implementing AI for AML requires resolute leadership, comprehensive data
FIs must prioritize strong governance and robust data when implementing AI systems to improve anti-money laundering processes. FIs should “start...
