Banks can’t beat fraud without AI, experts say
Financial institutions must use AI to counter the rising number of AI-driven scams that resulted in a global financial loss ...
Tag: artificial intelligence (AI)
Deutsche Bank to pilot gen AI assistant in 2025
Deutsche Bank is developing a gen AI product to drive efficiency and customer satisfaction in its private bank. Courtesy/Bloomberg A ...
Neighbors FCU fights growing fraud with tech
Neighbors Federal Credit Union is grappling with a surge in sophisticated fraud schemes, prompting the lender to adopt new fraud detection ...
From 8% to 80%: Gen AI use by FIs to surge by yearend
Banks are taking a holistic approach to generative AI integration this year with nearly 80% of FIs projected to adopt ...
More than chips: Financial services booming at Nvidia
Chip manufacturing behemoth Nvidia is seeing the adoption of its financial services grow as it creates custom bank solutions. Courtesy/Bloomberg ...
FIs prioritize AI deployment
Financial services providers are leaning into AI in 2025, including agentic AI, as they look to reduce costs and improve ...
Eastman Credit Union enhances digital engagement with WaveCX
Eastman Credit Union has partnered with WaveCX to improve digital engagement by integrating product demos across multiple channels, boosting member ...
DeepSeek a ‘kick in the pants’ for tech innovators
The emergence of the DeepSeek AI model from Chinese hedge fund High Flyer is rattling investors and competition is poised ...
Mastercard taps gen AI for fraud prevention
Mastercard’s deployment of generative AI to fight fraud in 2024 has reduced false positives and enhanced fraud detection. The payments ...
Visa deploys AI for instant payments fraud detection
Payments behemoth Visa is using AI to improve its fraud detection as instant payment adoption grows. Courtesy/Bank Automation News Visa ...
