In today's digital landscape, where transactions occur instantaneously, ensuring security has become a top priority for businesses. One innovative method gaining momentum in fraud detection is the use ...

In a market accelerating toward instant payments and open banking, a siloed approach to fraud detection is no longer viable.

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 ...

Fraudulent activities within the financial services sector have escalated into a significant concern, with projections indicating that online payment fraud could result in losses exceeding $206 ...

When the text message came in, Kim Dow's heart sank. "Hi," it read. "Did you just make this purchase with your REI Co-op Mastercard?" The message went on to share the last four digits of Dow's card ...

Fannie Mae announced on Wednesday that it has partnered with Palantir Technologies to develop a new artificial intelligence (AI)-powered fraud detection system. Palantir’s shares traded 1.39% higher ...

Imagine you’re at a coffee shop, tapping your card to grab a latte, or a small business owner in Ohio swiping to pay a supplier. These moments seem simple, but they’re powered by a vast digital ...

In August, German banks froze over €10 billion in PayPal payments due to suspected fraud, a disruption that underscored the scale of growing financial security concerns. If even long-standing, trusted ...

Mastercard is using AI to help detect and prevent credit card fraud. The company says the tech can flag unusual patterns and block fraudulent transactions. This article is part of "AI in Action," a ...