AI Leaders Podcast #71: AI, Fraud & the Future of Real-Time Payments
Accenture AI Leaders Podcast
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Combatting Financial Fraud in Real-Time Payments
This chapter explores the growing threat of fraud in the financial sector, particularly focusing on the alarming $2.9 billion loss due to business email compromises in 2023. It discusses the urgent need for innovative fraud mitigation strategies in real-time payment systems, as fraudsters exploit these fast transactions to perpetrate scams. The experts emphasize a multi-layered approach involving technology, processes, and education to effectively combat these evolving threats.
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