COMBAT CURRENT THREATS
CLICK TO WATCH : ‘ FINANCIAL SERVICES @ THE SPEED OF LIFE ’ 53 data . While this additional data can help determine if a real-time transaction is fraudulent , the analysis takes time . Many traditional ATM and cardbased fraud detection systems haven ’ t been equipped to process all the incoming data and utilise it to effectively tackle fraud .
Financial institutions can address this challenge and leverage broader data sets to their advantage by adopting machine learning and artificial intelligence ( AI ) technologies . These
technologies can perform millions of fraud checks within seconds and continuously learn from the data to become more accurate and effective over time . By implementing solutions that incorporate these technologies , financial institutions will be in a strong position to combat emerging threats while continuing to provide the seamless interactions that customers want .
COMBAT CURRENT THREATS
Account takeovers , CEO fraud and
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