Banking on AI: Fraud Detection, Credit Risk Analysis, and the Future of Financial Services
Unite.AI
MAY 27, 2024
Another notable instance of financial fraud occurred in February 2016, when hackers targeted the central bank of Bangladesh and exploited vulnerabilities in SWIFT, attempting to steal USD one billion. One of the key challenges in AI is explainability. While most transactions were blocked, USD 101 million still disappeared.
Let's personalize your content