In today’s rapidly evolving digital landscape, fraud and financial crime have become increasingly complex and create pervasive issues for organizations of all sizes and specialties. As a result, ...

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 ...

For instance, Mastercard’s network processes roughly 160 billion transactions a year, and experiences surges of 70,000 transactions a second during peak periods (like the December holiday rush).

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 ...

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 ...

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 ...

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 ...

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 ...

Results from early tests show that a new AI fraud prevention tool could slash the time to identify fraud risks by 80 per cent. The United Kingdom says it has saved a record sum in a major fraud ...