Artificial

SWIFT will launch an artificial intelligence-based fraud detection service News ad

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SWIFT will launch an artificial intelligence-based fraud detection service News ad

Global banking cooperative SWIFT plans to launch in 2025, launching fraud detection capabilities using artificial intelligence. The new feature will give financial institutions more accurate information about potential fraudulent activity in real time. Fraudulent attacks using AI-generated deepfakes impersonating high-ranking executives and AI-generated synthetic identities are only on the rise. According to SWIFT, the global … Read more

Banks are looking for ways to manage data quality for artificial intelligence services News ad

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Banks are looking for ways to manage data quality for artificial intelligence services News ad

The use of AI in finance was a hot topic at this year’s Sibos conference as banks discussed how AI could change the way financial services are delivered and consumed and, more importantly, how its data is managed. Using large language models (LLMs) to improve efficiency, improve customer service, and improve decision-making has been part … Read more