Inscribes battles fraud with AI-powered detection and automation tools | allainews.com

May 16, 2022, 3:30 p.m. | Taryn Plumb

AI News | VentureBeat venturebeat.com

Today every $1 in fraud loss costs U.S. financial services firms $4, according to LexisNexis Risk Solutions. Synthetic identity fraud, when fraudsters create identities not associated with real people, resulted in an estimated $20 billion in losses for U.S. financial institutions in 2020.

ai ai-powered applied ai automation business business & industrial business services computers & electronics detection fintech fraud fraud detection online fraud technology tools

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