20min chapter

Fintech Insider Podcast by 11:FS cover image

883. Focus: How can AI fight financial crime and reduce payments fraud?

Fintech Insider Podcast by 11:FS

CHAPTER

Innovations in Real-Time Payments

This chapter delves into the advancements in real-time payment systems in Europe, with a special focus on the rising consumer demand for speed and security. It examines the role of artificial intelligence in enhancing fraud detection and risk management, highlighting its critical integration within the payment process. Additionally, the discussion covers the unique landscape of Scandinavian payment systems, emphasizing the need for effective balance between technology and human oversight in preventing financial fraud.

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