AI and Financial Crime Prevention: Why Banks Need a Balanced Approach
Unite.AI
DECEMBER 17, 2024
In the US alone, generative AI is expected to accelerate fraud losses to an annual growth rate of 32%, reaching US$40 billion by 2027, according to a recent report by Deloitte. Perhaps, then, the response from banks should be to arm themselves with even better tools, harnessing AI across financial crime prevention.
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