“Fraud Prevention Personalization Process Automation” https://www.bankingciooutlook.com/news/3-ai-capabilities-driving-banking-innovations–nwid-975.html
Tag: fraud
Cyber security in the age of AI
“In 2017, a unique cyberattack was reported by a renowned cybersecurity firm Darktrace. In this, machine learning was used to observe and learn normal user behavior patterns within a network. The malicious software started to copy normal behavior combining it into the background which became difficult for security tools to identify it. Failure by governments…
Banks And Fraudsters Locked In Tech Innovation Race
“Banks’ access to a global pool of customer data is one of the main tools they can leverage to protect consumers from fraud. Like many in banking, Fricke views data as ‘the new oil.’” https://www.google.com/amp/s/www.pymnts.com/news/digital-banking/2019/banks-fraud-tech-innovation-race/amp/
How in-app bot fraud ruins the online shopping experience
“Shopping apps are big business. Research from Apptopia shows that downloads of shopping apps reached 5.70 billion in 2018, up 9.3% over 2017. What’s more, these users stick around: 48% of consumers still use an ecommerce app one month after its initial download, compared to an average retention rate of 43% across verticals. How do…
Deep Dive: How Biometrics And AI Are Improving Banks’ Customer Experiences
“Unfortunately, FIs are often caught between balancing more stringent security tools and offering the seamless experiences consumers crave. Modern customers are much more likely to grow frustrated by lengthy processes and switch to other banks, after all. As such, FIs must seek more innovative authentication procedures that take less time and draw less ire than…