How are Financial Firms Like Visa, Swift, Pay.UK and Mangopay Using AI to Combat Financial Fraud?
The Fintech Times
JUNE 1, 2024
Financial crime continues to grow, seemingly exponentially, with fraud damages expected to hit $10.5trillion annually by 2025 , a drastic rise from $3trillion in 2015. However, many of the largest financial organisations worldwide are actively investigating measures to counteract these threats. Over a third of fraud attempts (42.5
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