Explainable AI plays a central role in validating model behavior. Using established explainability techniques, the study examines which financial variables drive fraud predictions. The results show a ...

Fraudulent activities within the financial services sector have escalated into a significant concern, with projections indicating that online payment fraud could result in losses exceeding $206 ...

Traditional rule-based systems, once sufficient for detecting simple patterns of fraud, have been overwhelmed by the scale, ...

Research published in the International Journal of Information and Communication Technology suggests that machine learning tools might be used to detect and so combat financial fraud. According to ...

Forbes contributors publish independent expert analyses and insights. Writes about the future of finance and technology, follow for more. Let us have a closer look at the way AI is revolutionizing ...

As criminal organizations expand their use of information technology, the frequency of global financial fraud rises to historic levels each year, posing significant challenges for governments and the ...

What’s driving the rise in digital fraud? The global payments landscape appears more dynamic and complex than ever before. As e-commerce spending accelerates toward an estimated $8.1 trillion by 2028, ...

"The very technology that empowers us may also imperil us," one said. There is growing fraud online in which scammers manufacture other identities to dupe financial institutions or their customers out ...

Federal Reserve Financial Services (FRFS) today announced the expansion of FedDetect Duplicate Notification for Check Services to include commercial checks, alongside its existing Treasury check ...