Tag: fraud detection

The buzz around Generative Artificial Intelligence (AI) in the insurance sector is undeniable. Each keynote, panel, and networking break at business conferences seem to orbit the potential of AI to revolutionise the industry by generating content, streamlining processes, and enhancing efficiency. Yet, this growing excitement begs a critical question: Is Generative AI truly the breakthrough the insurance sector needs?

As financial services organizations transition from proof of concept to real-world impact with AI projects, there is a growing consensus to continue investing. Key...

Key Indian InsurTech investment stats in 2023: • Indian InsurTech deal activity reached 21 transaction in 2023, a 52% drop from 2022 • Indian InsurTech companies...

This research was derived from a 2023 survey conducted by McKinsey and The Institute of International Finance of 37 financial services companies around the...

NICE Actimize, a leading provider of financial crime, risk, and compliance solutions, has unveiled a new suite of generative AI-based innovations.

Tookitaki serves leading financial institutions in Asia, the Middle East, Africa, and the Americas, offering a robust defence against financial crime.

Fraud in the UK has become a significant concern, with 40% of crimes being fraudulent. Money muling is at the forefront, where fraudsters utilise synthetic or real mule accounts for financial gain. The UK government, recognizing the seriousness, plans to publish an action plan to combat this issue. 

In a recent survey conducted by Nvidia it is clear the adoption of AI in the financial services sector is rapidly gaining momentum. From...

Conveyancing, the legal transfer of property or land ownership, is a critical and complex process handled by licensed conveyancers. They manage everything from initial...

Experian, a global information services company, has introduced the Hunter Automotive Fraud Alliance, a collaborative data network aimed at assisting automotive lenders in the United States.