AI now a double-edged sword

While it has unquestionable benefits for banks and financial services institutions in fraud containment, AI is also a high-end tool for fraudsters:

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Artificial intelligence (AI) techniques have been in use in banks since the early 2010s for what is then defined as anomaly detection – in other words in finding out deviations from a norm - in matters relating to fraud, cybersecurity and AML...

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