Nov 20 (Reuters) - Major Australian banks have partnered with BioCatch in launching a pilot of an anti-scam project, aimed at reducing frauds in banking payments, the Israeli digital fraud detection ...

The surge in digital payments and mobile banking has transformed financial services but it has also expanded the fraud landscape. Traditional, rule-based fraud detection methods are increasingly ...

Artificial Intelligence (AI) is reshaping the financial landscape across Africa, driving innovation in fraud detection, credit scoring, and automation. As African financial institutions face unique ...

Traditionally characterized by long queues, paper-based processes, and rigid systems, the banking sector is experiencing a profound transformation. At the heart of this change are artificial ...

In a paper published in the journal Entropy, researchers developed a fraud detection method using quantum computing to detect communities in transaction networks. Transaction data was modeled as an ...

Banking fraud and scams pose a significant threat to consumers, costing individuals and the economy billions annually. According to the Southern African Fraud Prevention Service, fraud incidents have ...

Banking crime declined in 2024, but fraud linked to AI is on the rise, according to the latest annual data published by the South African Banking Risk Information Centre. Recorded financial crime ...

Cybercrime continues to expand at an accelerating pace, thanks in part to Artificial Intelligence (AI), [1] increasing both in scope and complexity. Within the banking sector, fraud should not be ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Based on the analysis of over 3.7 billion transactions and 200,000 fraud ...