Will turbo-charged AI fraud render traditional KYC practices obsolete?By Rasha AbdelJalil
December 7, 2023
Generative artificial intelligence is transforming financial services by bringing efficiency while also presenting a host of new fraud prevention challenges. This evolution raises an urgent question: will traditional KYC (Know Your Customer) practices become obsolete as a result of AI-driven threats?
AI-generated deepfakes and synthetic identities have significantly ...
Generative AI has contributed to the highest number of operational risk “incidents” since 2017, according to ORX. Data from the world’s largest operational risk association found that more sophisticated technology...Read more