Sai Vamsi Gummadi's AI fraud detection platform processes millions of transactions with Spark/Kafka/XGBoost—75% fewer false ...

Research published in the International Journal of Information and Communication Technology suggests that machine learning tools might be used to detect and so combat financial fraud. According to ...

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, ...

Fraudulent activities within the financial services sector have escalated into a significant concern, with projections indicating that online payment fraud could result in losses exceeding $206 ...

Financial scams are rising, with losses amounting to $8.8 billion in 2022 alone. According to the United States Federal Trade Commission, losses from financial fraud have increased by 30% from 2021 to ...

In the digital age, the importance of trust cannot be overstated. With millions of transactions taking place online every day, from online shopping to digital banking, the need for robust and reliable ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. According to data from the Financial Crimes Enforcement Network (FinCEN)* ...

Fraud detection is no longer enough to protect today’s financial ecosystem. As digital transactions increase in volume and complexity, banks require intelligent systems that can assess risk with ...

Spotting financial statement fraud is crucial. Learn key signs and detection methods to protect your investments from risky ...

What’s driving the rise in digital fraud? The global payments landscape appears more dynamic and complex than ever before. As e-commerce spending accelerates toward an estimated $8.1 trillion by 2028, ...

Foothill College is one of a number of campuses across California that are using artificial intelligence to detect financial aid scammers. Photo by Magali Gauthier. Community colleges in California ...