AI shortens fraud detection, response times
Increase in real-time payments correlates to increase in push payment authorization scams
E-commerce and digital banking allow transactions to be completed in seconds, making it increasingly vital for FIs to use AI to spot fraud quickly and act in real time. “While AI arms the adversary, it also provides us with symmetric capabilities to defeat them,” Shanon Mclachlan, chief operating officer at tech provider Jack Henry, told […]
