OnDemand Webinar : AI Against Banking FraudKey role of AI in transforming fraud prevention & mitigation in banking sector
According to a study, AI in fraud management applications are projected to increase in the BFSI sector, going as high up as 24% of total market share in 2021. AI in fraud management in China itself is projected to top 521 Mn USD by end of 2021. This spike is credited to increasing incidence of credit card fraud and mobile fraud. The approach to managing fraud is really changing with some of the new technological capabilities. An acceleration in digital banking has led to an associated rise in risk. Fraudsters are leveraging bot armies to carry out credential stuffing, false account generation, and account takeover attacks, among others. These hurt the profitability and the reputation of banks in the APAC region.
Watch this OnDemand webinar to know more about:
- Leveraging AI/ML to prevent fraud
- Lowering operational costs
- Driving revenue & customer satisfaction