The financial industry is at the cusp of a significant transformation, driven by Generative AI (GenAI), which is rapidly becoming a crucial tool in the fight against modern financial frauds and crimes. The article by Ellen Roberson delves into the innovative applications of GenAI, highlighting
In today's digital age, banks are intensifying their security measures to prevent fraud and safeguard customer funds. However, this sometimes leads to instances where security protocols clash with customer convenience and privacy. One such incident involving British banking giant Starling Bank and
The United Kingdom's banking and financial services industry is currently grappling with a significant challenge. The recent introduction of new fraud reimbursement rules by the Payment Systems Regulator (PSR) has placed immense pressure on banks, FinTech companies, and payment service providers.
The integration of Artificial Intelligence (AI) into the financial sector promises transformative benefits but also presents significant challenges for regulators. Financial institutions worldwide are increasingly adopting AI to enhance efficiency, streamline processes, and improve risk management.
Mobile banking has undergone a significant transformation with the integration of artificial intelligence (AI). This evolution has not only enhanced security but has also paved the way for highly personalized customer experiences. As technology continues to advance, AI's role in mobile banking
Online banking fraud is a growing concern globally, and Malaysia is no exception. As the digital landscape continues to expand, so do the risks associated with financial transactions conducted online. In response, Bank Negara Malaysia (BNM) and financial institutions have implemented several
