OPINION: Is AI a game-changer in combatting fraud?

“Without real-time collaboration between banks, law enforcement, and tech platforms, preventative tools alone cannot be effective,” says Martin Kenney.

Fraud continues to be one of the most pressing challenges for UK financial institutions, law enforcement, and regulators. Last year criminals stole a staggering £1.17 billion ($1.6 billion) through fraudulent activities. These figures are reflected globally; the problem is not unique to the UK.

The threat posed by fraud continues to evolve

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