[…] Fraudulent activities are becoming increasingly sophisticated, posing a challenge to traditional methods. Generative AI offers a powerful solution. By continuously refining algorithms with synthetic data, Gen AI empowers Pakistani banks to identify and mitigate risks more effectively. This proactive approach strengthens security and fosters trust in banking operations. “According to fraud prevention specialists, 80% of experts believe AI reduces payment fraud, making it a vital tool for Pakistani banks” –Source […]