MidSouth Community FCU sees fraud loss ratio drop 51% with Casap’s AI tech
MidSouth Community Federal Credit Union has tapped AI-driven dispute-management provider Casap to enhance its operational efficiency and weed out fraudulent claims. ...
Risk & Security
Cloudflare outages spur concern among banks about AI resiliency
Financial institutions are concerned about the resiliency of their AI operations after core internet service provider Cloudflare suffered its second...
Inside look: Citi’s ‘Four S’ AI strategy to maximize ROI
NEW YORK — Citi is deploying AI not as an additional layer in its tech stack but rather building its...
Podcast: Austin Capital Bank CEO Erik Beguin on AI-driven fraud
Fraud is on the rise, and AI is contributing to both the solution and the problem. “Fraud is a really...
Cloudflare Resolves Global Outage That Disrupted ChatGPT, X
A worldwide outage at the network of cybersecurity firm Cloudflare Inc. has been resolved after several hours of disruption on...
How AI could deliver a 21st-century regulator and a more efficient financial system
When I first joined the Consumer Financial Protection Bureau, we were still building the agency from the ground up: its...
Sunwest CTO: More clarity needed on AI regulation
As banks look to implement and scale AI within their operations, some executives want more clarity on regulations that govern...
AI drives autonomous hacking campaign against Anthropic
AI firm Anthropic has detected what it calls the first documented large-scale cyber-espionage campaign predominantly run by artificial intelligence. A...
Fenergo names Hishaam Caramanli as president, COO
Fenergo, a global provider of AI-powered client lifecycle management and financial crime compliance technology, has named Hishaam Caramanli as president...
Change up the model and change up the price of fraud for banks
AI-driven underwriting and claims automation change the math for banks by making fraud a priceable, transferable risk instead of a...
