Financial institutions are clamping down on fraud by deploying AI tech ahead of holiday season. Digital payments and check payments are both under threat as gen AI has given fraudsters new ways to commit fraud, for example deepfakes and check washing, Tim Vanderham, chief operating officer at fraud mitigation company Featurespace, told FinAi News. The company is investing in AI to keep up with the changing landscape of fraud. “Gen AI is helping us do things […]
