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Cryptopolitan 2024-01-17 09:30:17

Banks Ramp Up Investment in Technology to Combat AI-Driven Fraud

Financial institutions are increasing their technology investments to counter the surge in AI-powered fraud, according to a recent survey by regtech firm Complyadvantage. The study reveals that 86% of financial compliance chiefs are actively exploring new technologies, including AI, to combat fraud, with 66% identifying AI-powered scams as an emerging threat. Growing investment in technology

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