The AI arms race: How machine learning is disrupting financial crime

Quick Summary:

Criminal organizations are getting smarter, using cutting-edge tech to launch elaborate attacks on financial systems.

In response, financial institutions (FIs) are turning to AI and machine learning (ML) to level the playing field.

That’s right -- FIs are keeping pace with their criminal counterparts, thwarting malicious activity much more reliably and efficiently.

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Article Details

Author / Journalist: Vall Herard

Category: Technology

Markets: United StatesCubaMali

Topics: Financial services Artificial Intelligence Cybercrime Article FinTech AI

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 18:42:37 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: betanews.com

Language: English

Article Length: 922 words

Reading Time: 6 minutes read

Sentences: 53 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BetaNews

News ID: 24556340

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About BetaNews

Main Topics: Technology

Official Website: betanews.com

Update Frequency: 4 posts per day

Year Established: 1992

Headquarters: United States

News Last Updated: 21 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #58

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