Lenders must improve their fraud monitoring to keep up with credit washing schemes.  Credit washing is the practice of abusing the Fair Credit Reporting Act laws that are designed...

E-commerce and digital banking allow transactions to be completed in seconds, making it increasingly vital for FIs to use AI...

Lenders are on the lookout for consumers who are illegally scraping negative tradelines on credit reports to boost their credit...

Two months after the limited release of Anthropic’s Mythos, banks and financial services companies are scrambling to patch cybersecurity vulnerabilities...

AI can be a valuable tool in identifying and preventing chargeback fraud — a growing problem — but only if...

UniCredit Poland is implementing tech firm Flagright’s AI-native platform for financial crime compliance, continuing the trend of FIs increasingly turning...

Clients of networking and technology company Cisco spent more on security in the company’s fourth quarter, and company executives say...

Most FIs use AI in some capacity, but many continue to place their trust in tried-and-true legacy security systems. “If...

The spotlight is brightening on AI for cybersecurity as financial institutions navigate the technology’s growing risk-reward dynamic.   Banks must view AI in cybersecurity as “a...

Digitalization and AI implementation can streamline bank operations, but new technologies can work against an institution if they create friction...