UK’s fraud detection AI to be licensed abroad after recovering £480m in lost revenue

UK government says its new AI fraud detection system helped recover £480 million in lost revenue in just one year.

XXKK Exchange Introduces AI-Driven System For Crypto Fraud Prevention In India

XXKK Exchange launches an AI-driven crypto fraud prevention system in India with real-time risk detection, AML/KYC compliance ...
FinanceFeeds

Swift Uses AI And Data Collaboration To Tackle Cross-Border Fraud

Swift, the cooperative at the center of global financial messaging, has revealed the results of groundbreaking experiments designed to fight fraud in ...
Biometric Update

Scale of deepfake hiring fraud necessitates real-time detection: Reality Defender

Fake employees can have access to sensitive information and security settings to steal customer data, plant malware or even ...
NDTV Profit on MSN

AI-Trained Payments Fraud Detection System Under Works, RBI Says

The RBI's under-development 'Digital Payments Intelligence System' will be run by an entity, which will collect data from ...

ACATS fraud on the rise as criminals exploit brokerage transfer system

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Forbes

3 Features Every Modern Anti-Fraud System Must Include

If we compare the insurance industry to the human body, sales would be the heart pumping blood, while claims management would function as the immune system. Without a proper response from the immune ...
The Hindu

Airtel says new fraud detection system shielded 3.5 million users in Delhi-NCR

Telecom operator Airtel on Thursday said its advanced fraud detection system has protected over 3.5 million users in Delhi-NCR within 43 days of launch of the new tool. The statement assumes ...