The Role of AI in Enhancing Fraud Detection in Banking
In today’s digital age, where online banking and financial transactions dominate the financial sector, fraud has unfortunately become a persistent issue. However, artificial intelligence (AI) is stepping up to become a game-changer in combating fraud in banking. With its ability to learn, predict, and analyze vast amounts of data, AI is revolutionizing how banks detect and prevent fraudulent activities. In this article, we will explore how AI enhances fraud detection in the banking industry and what the future holds for this powerful technology.
