Explainable AI plays a central role in validating model behavior. Using established explainability techniques, the study examines which financial variables drive fraud predictions. The results show a ...

In order to strengthen anti-fraud guidelines within banking institutions, the National Banking and Securities Commission (CNBV) is implementing one of its most ambitious provisions in recent years, ...

Kinil Doshi is a Senior VP at Citibank and a fintech expert in banking compliance and risk management with two decades of experience. In this article, I want to explore AI applications in fraud ...

Fraud detection is defined by a structural imbalance that has long challenged data-driven systems. Fraudulent transactions typically account for a fraction of a percent of total transaction volume, ...

Payment Service Providers (PSPs) need fraud detection systems that can anticipate and adapt to emerging types of fraud whilst maintaining the delicate balance between security and customer experience.

The Federal Reserve is racing to contain a new kind of systemic risk, one that does not start with bad loans or exotic ...

If we compare the insurance industry to the human body, sales would be the heart pumping blood, while claims management would function as the immune system. Without a proper response from the immune ...

In the fast-moving digital landscape, where gig workers expect instant payouts and companies handle millions of microtransactions daily, the need for robust real-time fraud detection has never been ...

RIZAL Commercial Banking Corporation (RCBC) has strengthened its fraud detection and cyber risk management systems as ...

In August, German banks froze over €10 billion in PayPal payments due to suspected fraud, a disruption that underscored the scale of growing financial security concerns. If even long-standing, trusted ...

PADUCAH, Ky.--(BUSINESS WIRE)--In response to the rise in check fraud incidents across the country, CSI, a leading provider of end-to-end financial software and technology, today announced the launch ...

Real estate closing platform Qualia announced on Wednesday a series of security upgrades to its platform. These enhancements are exclusive to Qualia’s Shield solution, a wire fraud detection system ...