The insurance industry is witnessing a profound transformation powered by artificial intelligence (AI), which is reshaping various aspects of operations, from risk assessment to customer interactions. Over 70% of insurers are currently leveraging AI technologies, particularly for fraud detection
Chainalysis is at the forefront of leveraging artificial intelligence to tackle the growing threats and complexities in the cryptocurrency landscape. The firm is making strategic investments in blockchain technology and enhancing its suite of products to stay ahead of AI-driven scams and
Generative artificial intelligence (GenAI) has profoundly transformed the landscape of risk management and fraud detection across various industries. This technological revolution does not aim to usurp human expertise but rather to augment it, enabling professionals to concentrate on more strategic
With an ever-increasing number of fraudulent insurance claims shaking the UK insurance industry, companies like Aviva are stepping up their game. The year 2024 recorded a notable surge in dishonest claims, prompting Aviva to take a closer look at its processes and technology to counteract this
The economic landscape is shifting significantly, posing substantial challenges for both consumers and businesses alike. Credit card fraud remains a persistent threat, with alarming statistics highlighting consumer unease. Concurrently, tariffs are pressuring major retailers like Walmart, impacting
Banks are currently grappling with a significant rise in fraud attempts and losses linked to debit cards and checks. The Federal Reserve has gathered data from bank risk officers, revealing that these traditional payment methods are increasingly targeted by fraudsters. Approximately three-quarters
