Forbes contributors publish independent expert analyses and insights. I write about the economics of AI. In early 2024, The Guardian reported that U.K. engineering firm Arup lost $25 million to a ...

AI has become the control plane of financial services, shaping fraud decisions, AML alerts, credit limits, pricing strategies and collections. Yet many banks and fintechs still view these systems as ...

The most convincing media you see online could be an AI-generated fake. Last May, nefarious marketers used deepfake tech to steal the likenesses of famous people, running ads online and making it ...

AI enables sophisticated financial fraud at scale, but financial services organizations can fight back by using AI-powered tools to detect and prevent these threats. Fraudsters and cybercriminals no ...

Risk management has always been the cornerstone of banking and financial services. For the longest time, banks managed credit, compliance, and fraud risks through manual assessments, strict rule-based ...

Banks should take a page from the health sciences' playbook and use artificial intelligence to "nudge" consumers away from transactions that have the characteristics of known fraud schemes, writes ...

Online fraud is evolving fast. In 2025, scammers are using AI to create synthetic identities, deepfakes, and automated phishing attacks that bypass traditional security systems. According to UK ...

Agentic AI enables autonomous reasoning and decision-making in financial services, offering transformative benefits in advisory services, fraud detection, and compliance but requires careful data ...