FIs Depend on AI/ML Partners to Fight Next-Gen Fraudsters
FIs use a mix of in-house systems and third-party provider options to protect consumers from financial crime, and new technologies like AI and ML are now necessary to fight fraud in this industry. PYMNTS Intelligence’s latest report, “Financial Institutions Revamping Technologies to Fight Financial Crimes
,” a collaboration with Hawk AI
, explores how 71% of FIs are using both of these technologies and where partners could help.