Digital Fraud
AI: The Glue That Binds FIs’ Fraud Prevention Systems
FIs face a dizzying array of cybercrime threats that require multilayered defenses. In this month’s “Digital Fraud Tracker®,” done in collaboration with Simility, PYMNTS spoke with Mike Upton, chief technology officer at First Tech Federal Credit Union, about the role that AI plays in coordinating those layers while offering new data insights.
Inside the February Tracker
- An interview with Mike Upton, chief digital and technology officer at First Tech Federal Credit Union, on how AI can be used to help coordinate and oversee multilayered fraud-fighting measures
- The latest digital fraud developments, including why 83% of businesses in North America still rely on manual review to prevent cybercrime and why 80% of fraud prevention experts say that AI reduces payments fraud
- A Deep Dive analyzing legacy fraud prevention systems’ shortcomings and how AI- and ML-based systems can improve businesses’ and FIs’ capabilities
