The surge in digital payments and mobile banking has transformed financial services but it has also expanded the fraud landscape. Traditional, rule-based fraud detection methods are increasingly ...

With AI technology, payment fraud and fraud prevention have become more complex and sophisticated. Both financial data owners and businesses that accept illegal payments are directly affected by ...

Kinil Doshi is a Senior VP at Citibank and a fintech expert in banking compliance and risk management with two decades of experience. In this article, I want to explore AI applications in fraud ...

Payment fraud has been high in recent years, and as criminals gain access to capability-enhancing generative AI tools, there is a growing need for innovative fraud detection research. However, the ...

The Reserve Bank of India is developing an artificial intelligence-trained fraud detection system to alert bank account holders about potential risky transactions to curb fraud. "It is in an ...

The Federal Reserve is racing to contain a new kind of systemic risk, one that does not start with bad loans or exotic ...

Also known as instant or real-time payments, fast payments are characterized by the instant transmission of the payment message and by the immediate availability of funds to the beneficiary on a ...

While this instant settlement improves the customer experience, it also means customers now expect near instant payments as a ...

I've spent more than 17 years watching digital banking systems transform. Consulting for banking giants, as well as having been a technical expert at Capital One, I've had my hands in the systems that ...

Also known as instant or real-time payments, fast payments are characterized by the instant transmission of the payment message and by the immediate availability of funds to the beneficiary on a ...

RIZAL Commercial Banking Corporation (RCBC) has strengthened its fraud detection and cyber risk management systems as ...