In the UK, fraud losses reached £1.3billion, showcasing how fraud operates at a growing scale. One of the factors driving this growth is the increasing use of technologies, such as AI, which are becoming dangerous and effective weapons in the hands of a new generation of criminals
There is a lot of optimism around what AI could do for financial services. It can make processes faster, spot suspicious activity earlier and help banks deal with fraud at a scale that would be impossible for human teams alone.
