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

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AI and Data Quality in Financial Fraud Prevention

This chapter explores the intersection of artificial intelligence and data quality in the financial sector, focusing on identity verification and fraud prevention. It discusses the dual role of generative AI, highlighting both its potential for misuse by fraudsters and its effectiveness as a tool against financial crime. The chapter emphasizes the importance of collaboration among banks and regulatory bodies to address evolving cyber threats and the challenges posed by cultural differences in the Nordic region.

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